CandleFocus Bitcoin Nears $82K in Bullish Start to Week; Dogecoin Flips USDC
2024-11-11
Author: Content Editor
Bitcoin surged past the $81,000 mark, driven by a continuous rally, high trading volumes, and bullish futures market activity. Dogecoin and Shiba Inu were the top-performing cryptocurrencies, both gaining 30% in the past 24 hours. The market movements are attributed to Donald Trump's presidential win and speculation about a strategic bitcoin reserve that Trump promised during his campaign. Bitcoin's rally continued for the sixth day, boosting growth across other major and midcap tokens. Traders are betting on further increases and are eyeing the $100,000 price level for BTC in the short term. Bitcoin exchange-traded funds in the U.S. also recorded significant inflows, indicating growing interest in the cryptocurrency.
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