Sunday, November 10, 2024, Bitcoin Price Today Explodes Towards $80K.
At the time of publication, Bitcoin (BTC) was trading at $79,200, equivalent to €73,700 EUR and R$453,300 BRL, up 4% in the last 24 hours. The global cryptocurrency market cap is $2.71 trillion, up 4.48% over the last day.
Bitcoin bulls are now pushing the cryptocurrency’s price against the psychological resistance of $80,000, a momentum never seen before in the market. The reason for the rise in the price of BTC is directly linked to Donald Trump’s victory in the United States, which, according to him, is favorable to cryptocurrencies. Another factor that is driving the price is the low interest rates of the United States Federal Reserve, as well as the high demand for Bitcoin ETFs, which have been breaking records week after week.
Similarly, Ethereum (ETH) is on the rise, eyeing a move above $3,250. Solana is trading above $200, up 3% on the day. The cryptocurrencies in the spotlight right now are Dogecoin, up 15%, Cardano (ADA), which has exploded over 30%, and SUI, up nearly 25%.
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The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.