Hassan Maishera
TL;DR
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Bitcoin has set a new all-time high price above $99k.
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Ether is approaching $3,500 after adding 9% to its value.
BTC Approaches $100k
Another day, another new all-time high for Bitcoin. The leading cryptocurrency by market cap is up more than 2% in the last 24 hours and has hit a new all-time high price of $99,314.
Thanks to this rally, Bitcoin’s market cap now stands at $1.96 trillion. If the positive momentum continues, Bitcoin could hit the psychological $100k mark in the short term.
With the ongoing rally, Bitcoin is up 170% year-to-date, making it one of the best performers amongst leading assets like Gold and Silver during that period.
The new all-time high also comes as MicroStrategy raised another $3 billion to purchase more bitcoins. The Michael Saylor-led company currently holds 331,200 bitcoins acquired for roughly $16.5 billion and worth $31 billion. The company recently acquired 51,780 bitcoins for $4.6 billion.
JUST IN: MicroStrategy raises $3,000,000,000 to purchase more #Bitcoin.
— Watcher.Guru (@WatcherGuru) November 21, 2024
Ether Approaches $3,500
As Bitcoin is hitting new all-time highs, altcoins are also performing excellently. Ether, the second-largest cryptocurrency by market cap, added 9% to its value in the last 24 hours and now trades above $3,400 per coin. Ether’s all-time high remains $4,891, which it achieved in November 2021.
SOL hit a new all-time high of $264 after adding 8% to its value. Meanwhile, Ripple’s XRP is the best performer amongst the top 10 cryptocurrencies by market cap, up 24%. XRP is now trading at $1.39 per coin, its highest price in three years. XRP’s rally comes following reports that SEC’s Gary Gensler will step down in January 2025.
The total cryptocurrency market cap has crossed the $3.3 trillion threshold, with Bitcoin and altcoins rallying.
