As a seasoned analyst with over a decade of experience in the financial markets, I’ve seen my fair share of market trends and cycles. However, the current bull run in Bitcoin and other cryptocurrencies is something truly extraordinary.
The value of Bitcoin keeps climbing steadily, surpassing $80,000 and $81,000 before reaching an all-time high of close to $82,000 today.
Over the last 24 hours, many altcoins have settled down, however, exceptions include DOGE, SHIB, CRO, WIF, NEAR, and TAO, which are still experiencing significant gains in the double digits.
BTC’s Latest Peak
Currently, discussing bitcoin reaching yet another record price seems rather familiar. This trend began shortly after Donald Trump’s substantial victory in the 2016 U.S. presidential elections towards the end of last week, which saw bitcoin breaking through its March high of $73,737 and soaring past $75,000.
Over the next few days, the value of the asset surpassed several thresholds, with the most recent milestone being reached yesterday at $80,000. Initially, the bearish investors attempted to interfere and halt its early advances.
Currently, the cryptocurrency appears to be experiencing an intense bull run, surging beyond its peak last night. Over the past 12 hours or so, it has been climbing steadily and reached a new high of $81,800. Although it has slightly retreated since then, BTC remains above $81,000. This translates to a nearly 3% increase on a daily basis, and over 18% growth in the past week.
The market value of this entity has soared beyond $1.6 trillion, and it now controls a staggering 55.6% of the total market share compared to other alternatives.
DOGE, SHIB Keep Rolling
Yesterday, Dogecoin and Shiba Inu were among the leading cryptocurrencies in terms of performance. According to recent reports, Dogecoin managed to surpass both XRP and USDC today, taking the sixth position among all cryptocurrencies. This impressive feat follows the coin reaching a significant high not seen in several years. The highest point for Dogecoin was nearly $0.3 today. Similarly, Shiba Inu also experienced a local peak of its own yesterday, and here are some factors that may have contributed to this surge.
Among the larger-cap alternative assets, these symbols – NEAR, CRO, TAO, KAS, STX, and WIF – have shown notable price increases today.
Contrastingly, ADA has settled down following its significant surge on Sunday, whereas Ethereum (ETH), Binance Coin (BNB), TON, Ripple (XRP), Tron (TRX), and Avalanche (AVAX) are showing minor losses.
The total crypto market cap has added another $50 billion since yesterday and is tup $2.9 trillion on CG.
Read More
- Smash or Pass: Analyzing the Hades Character Tier List Fun
- Hades Tier List: Fans Weigh In on the Best Characters and Their Unconventional Love Lives
- Why Final Fantasy Fans Crave the Return of Overworlds: A Dive into Nostalgia
- Sim Racing Setup Showcase: Community Reactions and Insights
- Understanding Movement Speed in Valorant: Knife vs. Abilities
- Why Destiny 2 Players Find the Pale Heart Lost Sectors Unenjoyable: A Deep Dive
- PENDLE PREDICTION. PENDLE cryptocurrency
- How to Handle Smurfs in Valorant: A Guide from the Community
- Valorant Survey Insights: What Players Really Think
- Honkai: Star Rail’s Comeback: The Cactus Returns and Fans Rejoice
2024-11-11 12:34