Bitcoin starts strong at + 6% and $ 66,000

After a weekend marked by a low trading volume, the price of Bitcoin recorded a sharp increase of more than 6%. The price of BTC is approaching its ATH.

Bitcoin and Ethereum investors were on the weekend. On November 6 and 7, the trading volume on the two main crypto-assets was down sharply compared to the previous days.

1xbit

This resulted in low price volatility. But since this morning, November 8, the bullish momentum has strengthened. Indeed, the price of Bitcoin is already showing growth of over 6%.

Bitcoin in the vicinity of its ATH

At +, 6.36% as of this writing, the value of BTC reaches $ 65,775 according to CoinMarketCap. Earlier in the morning, it was even slightly over $ 66,000.

Bitcoin starts strong at + 6% and $ 66,000

Recall that his last ATH, which dates back to October 20, is around $ 67,000. Bitcoin is therefore starting the week with a bang. And this week again, it remains above $ 60K.

Moreover, analysts encouraged investors especially not to sell at $ 62,000. Their recommendation is confirmed with this increase of more than 6% at this time. For Rekt Capital, the outlook for November discourages short-term selling.

The current trend, however, is not positive for Bitcoin alone. The first of the altcoins, Ethereum, is also starting the week in growth. At + 3.75%, the price of Ether exceeds $ 4,700.

Rise for altcoins

For observers, the rise extends to altcoins as a whole. Solana’s SOL demonstrated this over the weekend by setting a new ATH at over $ 260.

With a total capitalization of $ 2,850 billion (3,000 according to CoinGecko), the cryptocurrency market is gaining nearly 4.5% over 24 hours. He had never reached such a level to this day.

Even Dogecoin, which appeared to be in decline in recent months, is showing a sharp rise of over 10%. Not only has the DOGE resisted the threat from the SHIB, but it is closing in on $ 0.3 again. Shiba Inu, on the other hand, loses another 5% and 25% over 7 days.

[fin_table id=”968″]

Read Also:  Revolutionary Bitcoin mining plans revealed by Twitter founder

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here