The price of Bitcoin today, 11/11/2024, is showing a historic increase that has elevated the largest cryptocurrency to a new level, established after recently breaking the barrier of $82,000 for the first time. Currently, the largest cryptocurrency is being traded around $82,250 with a daily increase of 3% in the last 24 hours. Since last week, Bitcoin has been breaking sequential price records, with the latest one being registered a few hours ago.
Bitcoin enthusiasts have reasons to celebrate: the cryptocurrency has just reached a new peak in value, reaching the impressive mark of $82,379.60, its new all-time high price. In the past two months, the cryptocurrency market has experienced a significant increase in its market capitalization, totaling over $800 billion, a clear indication of a forming bullish market. The current market capitalization of the cryptocurrency market is $2.93 trillion.
At the time of publication, the price of Bitcoin was quoted at $82,250.84 with a 2.9% increase in the last 24 hours, equivalent to approximately R$ 475,580.15 BRL and € 77,019.19 EUR. In its weekly development, the asset has shown a growth of 19.8% in its price in the last seven days.
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Source: TradingView
Market analyst Ali Martinez observed the major movements recorded in the past few days, with $3.28 billion being withdrawn from cryptocurrency exchanges last week amid the recent high rally of Bitcoin and renewed confidence in the sector. “Over 40,000 Bitcoin $BTC – worth about $3.28 billion – were withdrawn from exchanges last week!” he wrote.
Similarly, following the recent development of Bitcoin, most major cryptocurrencies are showing significant increases in their prices in the last 24 hours. Ethereum is being quoted at $3,191.33 with a 0.4% decrease in its price. XRP is being traded at $0.5862 with a 0.2% increase. Cardano currently has a value of $0.592 after rising 1.9% in the last day. The cryptocurrency Solana is showing a 4.6% increase and being traded at $216.36.
In the same vein, meme coins are experiencing interesting rallies in their prices. Dogecoin (DOGE) has risen an impressive 21.7% in the last 24 hours, while Shiba Inu (SHIB) and dogwifhat (WIF) have appreciated by 12.3% and 20.8%, respectively.
Disclaimer:
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.
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Bitcoin (BTC)
Cryptos