The cryptocurrency market is experiencing one of its most explosive rallies in recent history, with Bitcoin (BTC) surging past $87,800 and approaching the psychologically significant $90,000 mark. This unprecedented momentum has been fueled by a mix of political endorsement, institutional adoption, and global financial innovation — sending shockwaves across digital asset markets and traditional finance alike.
👉 Discover how global financial shifts are accelerating Bitcoin’s rise.
Trump’s Pro-Crypto Stance Ignites Market Optimism
Former U.S. President Donald Trump, recently re-elected, has emerged as a surprising yet powerful catalyst behind the latest Bitcoin rally. His vocal support for digital assets during the campaign — including appearances at Bitcoin 2024, launching his own hard-hat NFT collection, and pledging to treat Bitcoin as a strategic national asset — has reshaped market sentiment.
Trump’s policy promises include reducing regulatory barriers for crypto innovation and protecting American leadership in blockchain technology. These statements have resonated strongly with both retail and institutional investors, who now see clearer long-term regulatory clarity under his administration.
This optimism translated into immediate price action. Over two consecutive days, Bitcoin broke through key resistance levels: first $80,000, then $85,000, peaking at over $87,800 on November 12, 2025. The surge wasn't isolated — it pulled up the entire crypto market.
Altcoins Ride the Bull Wave
While Bitcoin leads the charge, alternative cryptocurrencies are posting staggering gains:
- Dogecoin (DOGE): Up more than 100% in seven days
- Ethereum (ETH): Gained over 5% in 24 hours and nearly 40% in a week
- Binance Coin (BNB): Rose over 2% in 24 hours
Market analysts attribute this broad-based rally not only to Trump’s pro-crypto stance but also to increasing institutional inflows. Bitcoin spot ETFs continue to attract massive capital, with net inflows exceeding $1.2 billion in the past week alone. Major hedge funds and pension plans are now allocating strategic positions in digital assets, viewing them as inflation-resistant stores of value and long-term growth vehicles.
Coinglass data reveals that over 150,000 traders were liquidated in the past 24 hours, with total losses exceeding $570 million. Notably, over 70% of these liquidations came from short sellers, indicating a powerful squeeze against bearish bets.
U.S. equities tied to crypto also surged:
- MicroStrategy (MSTR): +25%
- Coinbase Global (COIN): +19%
- Canaan Inc. (CAN): +41%
These moves reflect growing confidence that digital assets are transitioning from speculative instruments to core components of modern investment portfolios.
Global Crypto Market Cap Reclaims $3 Trillion
The total market capitalization of all cryptocurrencies has soared to approximately **$3.11 trillion**, surpassing the previous all-time high of $3.069 trillion set in November 2021. This milestone marks a pivotal moment in the maturation of the crypto economy.
Key metrics highlight sustained strength:
- Bitcoin dominance: 56.3%
- Ethereum dominance: 13%
- 24-hour trading volume: ~$355.68 billion
This resurgence is being driven not just by sentiment but by real-world adoption and infrastructure development across multiple continents.
👉 See how institutional adoption is transforming crypto into mainstream finance.
UK Plans Blockchain-Based Digital Treasury Bonds
In a landmark move toward financial modernization, the United Kingdom is preparing to pilot blockchain-based digital government bonds within the next two years. According to Bloomberg sources, Chancellor Rachel Reeves will announce the initiative in a speech at Mansion House, a traditional platform for unveiling financial reforms.
The Labour government aims to use tokenization to make bond issuance faster, cheaper, and more transparent. With an upcoming borrowing program totaling £297 billion ($382 billion) — the second-largest in UK history — efficiency gains could save millions and improve market liquidity.
However, implementing this system may require new legislation, and parliamentary approval remains uncertain. Still, the move signals a growing global trend: national governments leveraging blockchain to reinvent sovereign finance.
Russia Pushes for BRICS Digital Asset Platform
On the geopolitical front, Russian President Vladimir Putin has proposed establishing a BRICS digital asset platform during his address at the Valdai Discussion Club. The initiative seeks to create a unified digital asset framework among BRICS nations (Brazil, Russia, India, China, South Africa), aiming to boost cross-border payments and attract investment into emerging economies across Africa, Latin America, and South Asia.
Putin emphasized that rapid urbanization, population growth, and capital accumulation in developing regions make them ideal candidates for blockchain-driven financial inclusion. While stressing that Russia does not intend to abandon the U.S. dollar entirely, he criticized Washington's use of financial sanctions and restrictions on dollar access.
He argued that platforms like the proposed BRICS digital asset system can reduce reliance on Western-dominated financial infrastructure and open new channels for capital flow — especially in high-growth markets often excluded from traditional banking systems.
This vision aligns with broader de-dollarization efforts among non-Western economies and underscores how digital assets are becoming tools of economic sovereignty.
South Korea Faces Political Clash Over Crypto Tax
In Asia, South Korea is grappling with internal political disagreement over its planned cryptocurrency tax reform. The main opposition party, the Democratic Party, has rejected a proposal from the ruling party to delay the implementation of capital gains taxes on virtual assets by two years — pushing enforcement to 2027.
Noh Jong-myun, spokesperson for the Democrats, stated that postponing taxation could undermine market fairness and delay regulatory clarity. This stance contrasts with recent speculation that regulators wanted more time to prepare oversight mechanisms amid rising crypto adoption.
The debate highlights a global challenge: balancing innovation with taxation and investor protection in rapidly evolving digital markets.
Frequently Asked Questions (FAQ)
Q: What caused Bitcoin to surge toward $90K?
A: A combination of Donald Trump’s pro-crypto policies, strong institutional demand via Bitcoin ETFs, and global adoption initiatives have created powerful bullish momentum driving Bitcoin toward $90,000.
Q: Is the $3 trillion crypto market cap sustainable?
A: Yes — unlike the 2021 peak driven largely by retail speculation, today’s valuation is supported by real institutional inflows, regulatory progress, and tangible use cases like tokenized assets and central bank experiments.
Q: How are governments using blockchain in finance?
A: Countries like the UK are exploring blockchain for issuing digital treasury bonds, while Russia advocates for a BRICS-wide digital asset platform. These efforts aim to increase efficiency, reduce costs, and decrease dependency on traditional Western financial systems.
Q: Why did so many traders get liquidated recently?
A: Over $570 million in liquidations occurred due to a massive short squeeze — when prices rose unexpectedly fast, leveraged bearish positions were automatically closed out by exchanges.
Q: Could other countries follow the UK’s digital bond model?
A: Absolutely. With benefits like 24/7 settlement, reduced counterparty risk, and improved transparency, many developed nations are already studying or piloting similar tokenized securities programs.
Q: What role do ETFs play in Bitcoin’s price rise?
A: Bitcoin spot ETFs allow mainstream investors to gain exposure without holding crypto directly. Billions in inflows signal growing trust and integration into traditional finance.
As macroeconomic trends converge with technological innovation, Bitcoin and the broader crypto ecosystem are entering a new phase — one defined by policy support, institutional integration, and global financial transformation.
👉 Stay ahead of the next market shift — explore what’s driving crypto’s future today.