The cryptocurrency market witnessed a significant surge on December 3, 2025, triggered by Donald Trump's victory in the U.S. presidential election. The global market capitalization increased by approximately $160 billion in just 24 hours, reaching $2.54 trillion, a 4% rise, with trading volumes soaring 86.5% to $214.56 billion.
Bitcoin led the rally, briefly hitting a new all-time high of $76,000 before settling at $75,202, up nearly 1% on the day. This spike was bolstered by strong institutional demand, with spot Bitcoin ETFs recording inflows of $691.01 million (excluding BlackRock data). Bitcoin's market cap stood at $1.49 trillion, though its dominance dipped slightly to 58.53% as altcoins gained traction.
Ethereum saw robust gains, climbing over 10% to $2,859, with its market cap swelling to $344.10 billion. Solana rose 3% to $189.17, and XRP increased by 5% to $0.5616, supported by Ripple's movement of $250 million worth of XRP. In contrast, Dogecoin underperformed, dropping 5.5% to $0.1958, while other meme coins like Shiba Inu also fell, highlighting mixed reactions in the sector.
Investor sentiment shifted towards optimism, driven by macroeconomic factors and anticipation of favorable crypto regulations under the new administration. The surge marks one of the largest single-day increases in recent months, signaling renewed bullish momentum across major cryptocurrencies.
