What's an altcoin? Crypto market grows rapidly as Bitcoin nears $100,000

Bitcoin keeps surging to new all-time highs following President-elect Donald Trump’s electoral victory three weeks ago, and it’s nearing $100,000 per coin after trading below $40,000 in January. It’s up $30,000 per coin post-election alone.

Alternatives to Bitcoin, often referred to as altcoins, are also seeing massive growth in wake of the election. The altcoin market has a total market value of $1.26 trillion, which is larger than the market capitalizations of Tesla, Berkshire Hathaway, Walmart, and other major companies.