Hassan Maishera
TL;DR
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BTC is up 2.5% in the last 24 hours and now targets the $82k level.
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DOGE has overtaken USDC to become the sixth-largest cryptocurrency by market cap after rallying 22% on Sunday.
BTC Hits a New All-tie High at $81,858, Eyes $82k
The cryptocurrency market has been bullish since the start of the month, with Bitcoin setting multiple all-time highs over the last few days. Bitcoin set a new all-time high of $85,858 three hours ago after rallying by more than 2% in the last 24 hours.
It has slightly retraced and now trades at $81,132 per coin. However, if the bullish momentum continues, BTC could surge past the $82k mark in the next few hours and set a new all-time high. The rally saw $90 million worth of Bitcoin shorts liquidated in the last 24 hours.
JUST IN: $90,000,000 worth of #Bitcoin shorts liquidated in the past 24 hours.
— Watcher.Guru (@WatcherGuru) November 11, 2024
Altcoins Pump Harder, DOGE Flips USDC
Altcoins have been performing excellently over the last few days, with Dogecoin and Shiba Inu leading the charge. DOGE, Dogecoin’s native coin, is the best performer amongst the top 10 cryptocurrencies by market cap.
It added 22% to its value over the last 24 hours and now trades at $0.2784. Thanks to its rally, DOGE has now surpassed Circle’s USDC to become the sixth-largest cryptocurrency by market cap.
Fellow memecoin Shiba Inu added 13% to its value in the last 24 hours. At press time, SHIB trades at $0.00002512 and could rally higher soon.
Ether, the second-largest cryptocurrency by market cap, is down less than 1% and trades below $3,200 per coin.
Bitcoin is the only cryptocurrency that has achieved a new all-time high. SUI added 11% to its value on Sunday to reach a new all-time high price of $3.28.
With Bitcoin and altcoins rallying, the total cryptocurrency market cap has increased to $2.75 trillion. It is now approaching the $3 trillion all-time high it achieved in 2021.
