The cryptocurrency market experienced a powerful rally on November 6, 2025, driven by a combination of macroeconomic sentiment and major political developments. Bitcoin surged past its previous all-time high, reaching an intraday peak of $75,135, while Ethereum and select altcoins also posted strong gains. The catalyst? Former U.S. President Donald Trump’s victory in the 2025 presidential election — a result widely perceived as favorable for the crypto industry.
This article explores the latest market movements, analyzes key trends such as rising mining difficulty and shifting asset dominance, and highlights emerging opportunities in decentralized finance and digital assets.
Market Snapshot: Major Gains Across the Board
As of 4:00 AM GMT on November 6, major digital assets showed significant upward momentum:
- Bitcoin (BTC): Up 8.9% over 24 hours, trading at $74,284 with a high of $75,135 — a new record.
- Ethereum (ETH): Gained 7%, reaching $2,590 amid growing investor interest.
- Market Sentiment: The Fear & Greed Index climbed to 70, indicating a "greedy" market environment.
- Traditional Markets: U.S. equities followed suit — the S&P 500 rose 1.23%, Nasdaq added 1.43%, and the Dow Jones gained 1.02%.
👉 Discover how political shifts are reshaping crypto investment strategies.
The rally was not limited to large-cap assets. Meme coins and niche ecosystems saw explosive growth, reflecting heightened speculative activity and community-driven momentum.
Why Did Crypto Prices Surge?
Trump’s Election Win Fuels Pro-Crypto Sentiment
Donald Trump has emerged as one of the most vocal pro-crypto U.S. presidential candidates in history. His policy platform includes:
- Advocating for lighter regulatory oversight on blockchain innovation.
- Proposing that Bitcoin be held in a national strategic reserve.
- Supporting legislation like Senator Cynthia Lummis’ “Bitcoin Strategic Reserve Act.”
These positions resonated strongly with the crypto community, especially after years of tightening regulations under prior administrations. As election results favored Trump, markets reacted swiftly — viewing his win as a green light for broader institutional adoption and regulatory clarity.
While concerns remain about political volatility, the immediate market response underscores growing confidence in long-term crypto legitimacy.
Altcoin Highlights: Meme Coins Lead the Charge
With Bitcoin reclaiming headlines, attention quickly turned to high-risk, high-reward segments of the market — particularly meme coins.
Dogecoin (DOGE): +24.63% in 24 Hours
Dogecoin remains the flagship meme coin, now boasting a circulating market cap of $24.6 billion. Its price surge was fueled by Elon Musk’s continued support for Trump and increasing speculation that DOGE could see greater utility under a crypto-friendly administration.
PNUT: Up 143.33%
Peanut the Squirrel ($PNUT), a Solana-based meme token inspired by a viral animal rights incident, skyrocketed nearly 150%. The rally intensified after Elon Musk reacted to a tweet saying “Meme will dominate the next four years” with celebratory emojis — a signal many traders interpreted as endorsement.
CETUS: +72.53%
Cetus Protocol, a decentralized exchange built on Sui and Aptos using concentrated liquidity models, saw massive inflows. Gate.io currently leads in Cetus trading volume, reinforcing its role as a top-tier exchange for emerging Layer 1 ecosystems.
Key Market Indicators and Trends
Bitcoin Mining Difficulty Hits Record High: 101.65T
According to Glassnode, Bitcoin’s mining difficulty recently crossed 100T for the first time, settling at 101.65T — an all-time high. This reflects intensifying competition among miners and record network hash rate (7-day average: 755 EH/s).
While large-scale mining operations can absorb higher costs, smaller miners face mounting pressure. Some may be forced to sell mined BTC immediately or exit the market entirely, potentially creating short-term selling pressure.
Long-term implications include increased centralization risk and stronger incentives for small operators to join mining pools or adopt energy-efficient technologies.
ETH/BTC Market Cap Ratio Drops to 24.52%
The ratio of Ethereum’s market cap to Bitcoin’s has fallen to 24.52% — the lowest since April 2021. This shift suggests investors are increasingly favoring Bitcoin, likely due to:
- Stronger institutional inflows via Bitcoin ETFs.
- Perception of BTC as “digital gold” amid macro uncertainty.
- Slower progress on ETH-specific catalysts like ETF approvals.
Despite this, Ethereum continues to lead in DeFi, NFTs, and smart contract activity — maintaining its foundational role in Web3 infrastructure.
ETF Flows: Bitcoin Sees Outflows, Ethereum Stalls
Data from SoSoValue reveals mixed signals from spot ETF markets:
- Bitcoin ETFs: Net outflow of $72.67 million on November 5, despite strong price action.
- Ethereum ETFs: Zero net flow, with cumulative outflows now at $555 million.
These figures suggest profit-taking after recent rallies rather than bearish sentiment. Investors may be rebalancing portfolios ahead of expected regulatory milestones.
Institutional Developments Driving Adoption
VanEck Launches Pyth ETN in Europe
Asset manager VanEck has listed the VanEck Pyth ETN on Euronext Amsterdam and Paris. Available across 15 European countries, this product gives traditional investors exposure to Pyth Network, a decentralized oracle providing real-time financial data to DeFi applications.
This move bridges institutional finance with decentralized infrastructure — enhancing credibility and accessibility for blockchain-based assets.
Paxos and Robinhood Unveil Global Dollar Network
A consortium led by Paxos and Robinhood launched the Global Dollar Network, centered around USDG, a new regulated stablecoin issued in Singapore. Unlike USDC or USDT, USDG shares reserve yield with participants — incentivizing wider adoption.
Backed by Anchorage Digital, Kraken, Galaxy Digital, and others, and approved by Singapore’s financial regulator, USDG aims to become a trusted cross-border payment solution — accelerating stablecoin integration into mainstream finance.
👉 See how next-gen stablecoins are redefining digital cash.
Emerging Opportunity: PAWS Airdrop on TON
PAWS is a Telegram-based interactive game built on The Open Network (TON), rewarding users with tokens based on engagement metrics like account age and task completion.
To participate:
- Launch the PAWS Airdrop Bot in Telegram.
- Connect your TON wallet.
- Complete tasks and invite friends for bonus rewards (up to 10%).
While no official token launch date has been announced, early participation may increase eligibility for future distributions.
Always conduct independent research before joining any airdrop. Rewards are not guaranteed.
Frequently Asked Questions (FAQ)
Q: Why did Bitcoin rise after Trump won the election?
A: Trump has advocated for pro-crypto policies, including reduced regulation and exploring a national Bitcoin reserve. Investors see his presidency as favorable for crypto innovation and adoption.
Q: Is Ethereum losing ground to Bitcoin?
A: In terms of price performance and ETF inflows, yes — temporarily. However, Ethereum maintains leadership in DeFi, NFTs, and developer activity. The current dip in relative valuation may present a buying opportunity.
Q: What does rising mining difficulty mean for Bitcoin investors?
A: Higher difficulty increases network security but raises operational costs for miners. Short-term selling pressure may occur if miners liquidate BTC to cover expenses. Long-term, it signals robust network health.
Q: Are meme coins safe investments?
A: Meme coins carry high volatility and speculative risk. While some deliver massive short-term returns (like PNUT), they lack fundamental utility. Only allocate risk capital you can afford to lose.
Q: How do new financial products like Pyth ETN affect crypto markets?
A: They bring institutional capital into blockchain ecosystems through regulated channels, boosting liquidity and trust without requiring direct crypto ownership.
Q: Will USDG replace USDT or USDC?
A: Not immediately. But its yield-sharing model and regulatory backing give it competitive advantages that could attract enterprise users and drive broader stablecoin innovation.
Final Thoughts: A New Chapter for Crypto
The confluence of political change, technological advancement, and financial innovation marks a pivotal moment for digital assets. Bitcoin’s new all-time high is more than just a price milestone — it reflects growing acceptance in mainstream finance.
As mining becomes more competitive, institutional products expand globally, and community-driven projects thrive, the ecosystem evolves toward greater maturity and resilience.
👉 Stay ahead of the next market surge — explore trusted platforms today.