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Reading: BTC Broke a Record But! Where is the Altcoin Season?
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EdaFace Newsfeed > Latest News > Crypto News > BTC Broke a Record But! Where is the Altcoin Season?
Crypto News

BTC Broke a Record But! Where is the Altcoin Season?

vitalclick
Last updated: November 9, 2024 9:03 am
5 months ago
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Contents
Global Market SituationPerformance of Ethereum and SolanaRising and Falling Cryptocurrencies

Cryptocurrency prices have reignited market debates around the world today. Bitcoin (BTC) $76,133 Its price reached its all-time high again at $77 thousand. Ethereum (ETH) $2,916 and Solana (SOL) traded in the green zone, while the XRP price experienced significant fluctuations and traded in the red. At the same time, the meme coin industry also exhibited mixed movements, causing market speculation.

Global Market Situation

The global crypto market cap has increased by 1.25% since yesterday, reaching $2.59 trillion. However, the total market volume decreased by 8% to $124.72 billion. This shows that the overall outlook for the market is mixed.

BTC price is trading at $76,339, up approximately 0.5% in the last 24 hours. The lowest level during the day was recorded as $ 75,691 and the highest was recorded as $ 77,253. Bitcoin’s market value is valued at $1.51 trillion today. Additionally, investments of $87.35 million in Bitcoin ETFs also attracted attention.

Performance of Ethereum and Solana

ETH price increased by 2.21% in the last 24 hours to $ 2,968. Its market value was 357.48 billion dollars. The US SEC’s delay of Ethereum ETF options had an impact on ETH price movements. Solana (SOL) was traded at $200, up 0.5%, and its market value reached $94.32 billion.

dogecoin $0.198137 (DOGE) price increased by 2% in the last 24 hours and reached $0.1992. However, Shiba Inu (SHIB) is trading down 2% to $0.00001869. Other meme coins such as PEPE, WIF and BONK also lost between 1-4%.

Rising and Falling Cryptocurrencies

Cronos (CRO) increased by 16% in the last 24 hours to $ 0.1046. Polygon (MATIC) was up 11% at $0.3801, while Beam (BEAM) was up 8% at $0.02074. On the other hand, Goatseus Maximus (GOAT) fell 13% to $0.7453, while Cat in a dogs world (MEW) and Neiro (NEIRO) lost 6% and 9%, respectively.

Market observers expect further increases in cryptocurrency prices with the US elections and Trump’s victory. The small rise in BTC price and the slight decline in ETH continue to fuel speculation about the future of the crypto market.

The conclusion shows that the fluctuation in the crypto market poses both opportunities and risks for investors. While Bitcoin reaching new record highs indicates a strong performance by major cryptocurrencies, mixed movements in altcoins require investors to be careful. Fluctuations in meme coins reflect the general uncertainty in the market. It is important for investors to follow market trends and news closely so that they can make informed decisions.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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