CandleFocus Bitcoin hits new ATH surpassing $1.6T market cap
2024-11-11
Author: Content Editor
Bitcoin has reached new all-time highs following Donald Trump's victory in the U.S. presidential elections, with gains of 18% in the past week. The cryptocurrency's market cap now exceeds $1.6 trillion, and its daily trading volume has doubled to $92 billion. This has led to a bullish sentiment in the crypto market, pushing the global crypto market cap over $2.9 trillion. Short liquidations have also increased, reaching $630 billion in the past 24 hours. Whales have been accumulating Bitcoin, indicating FOMO among market participants.
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