Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Bitcoin Breaks Past $76K, Marking a New All-Time High

Bitcoin Breaks Past $76K, Marking a New All-Time High

Cryptodnes2024/11/07 04:44
By: Cryptodnes
BTC+0.40%RSR-0.30%ETH+1.40%

After Bitcoin's price broke the previous all-time high earlier today, the number one cryptocurrency by market cap seems to be continuing the bullish surge.

Bitcoin saw an impressive 9.66% rise in the past 24 hours and peaked at a little over $76,000 with $114 billion in trading volume (up 143% since yesterday). BTC’s market cap currently stands at $1.5 trillion.

Ethereum also witnessed a notable surge with the price reaching $2,700 after rising 11.36% with a $39.3 billlion trading volume and a market cap of around $325 billion.

During this period $572.59 million were liquidated in the crpytocurrency maret with $393.55 million being short positions and $179.14 million in longs (with $296.31 million being Bitcoin.)

READ MORE:
Bitcoin Poised for Parabolic Surge if This Level Holds, Says Crypto Expert

This notable bullish trend is the aftermath of the presidential election in the United States, where Donald Trump won the race by a landslide .

Additionally, analysts are expecting a 0.25 bps rate cut from the Federal Reserve tomorrow, which will add to the market optimism.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

CandyBomb x ZBT: Trade futures to share 100,000 ZBT!
Bitget Announcement2025/10/17 13:30
Bitget Builder+ Initiative is now recruiting!
Bitget Announcement2025/10/17 11:00

Trending news

More
1
CandyBomb x ZBT: Trade futures to share 100,000 ZBT!
2
Bitget Builder+ Initiative is now recruiting!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$106,840.62
+1.77%
Ethereum
Ethereum
ETH
$3,885.45
+4.25%
Tether USDt
Tether USDt
USDT
$1
+0.02%
BNB
BNB
BNB
$1,110.46
+6.61%
XRP
XRP
XRP
$2.36
+6.08%
Solana
Solana
SOL
$186.32
+5.44%
USDC
USDC
USDC
$0.9999
-0.01%
TRON
TRON
TRX
$0.3133
+2.27%
Dogecoin
Dogecoin
DOGE
$0.1876
+5.45%
Cardano
Cardano
ADA
$0.6333
+4.94%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter