The price of Bitcoin today, November 20, 2024, is showing a significant increase of almost 2%, trading above the $93 level. Recently, the asset reached a new level after breaking the $94 barrier for the first time and setting a new all-time high. In a bullish spike, Bitcoin set its new ATH yesterday at $94,040.99.
The price surge comes amid the debut of bitcoin exchange-traded fund (ETF) options on November 19. The options, which are linked to BlackRock’s IBIT ETF, saw nearly $2 billion in exposure on the first day of launch.
Furthermore, the significant price increase occurred amidst frenetic trading activity, with approximately $84.79 billion worth of Bitcoin transacted in the past 24 hours. These price fluctuations triggered a series of liquidations in the derivatives market, resulting in the elimination of $44.4 million worth of short Bitcoin positions during the same period. This performance reaffirms Bitcoin as a crucial asset in the global financial landscape, attracting massive investors and accelerating trader interest.
At the time of publication, the price of Bitcoin was quoted at $93,494.64 with an increase of 1.8% in the last 24 hours, equivalent to approximately R$ 540,392.83 BRL and € 88,461.43 EUR. In its weekly development, the asset showed a growth of 6.8% in its price over the last seven days.
Source: TradingView
Similarly, following Bitcoin’s recent development, most major cryptocurrencies are showing stabilization in their prices, with notable declines in the last 24 hours. Ethereum is trading at $3,106.59, down 0.6% in price. XRP is trading at $1.11, up 1%. Cardano is currently trading at $0.8355 after rising 13% in the last day. Solana is down 3.8% and trading at $236.65.
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Bitcoin (BTC)
Cryptos