CandleFocus ? Bitcoin(BTC) Nears $2T Market Cap After a New ATH of $89,000
2024-11-12
Author: Content Editor
Bitcoin (BTC) briefly reached a new all-time high of $89,467 and is nearing a market cap of $2 trillion. At the time of writing, BTC is hovering around $88,703.95, experiencing a surge of 10.10% in the past day. Bitcoin's rally was triggered by the victory of Donald Trump over Kamala Harris in the US Presidential election. The crypto market has seen a positive trend, with inflows associated with the rally increasing total assets under management of crypto investment products to a high of $116 billion. Bitcoin-focused products received $1.79 billion in inflows, while Ethereum-focused products received $157 million. The global cryptocurrency market cap stands at $3.12 trillion, with a 6.8% increase in the last 24 hours. Ethereum's price also saw an increase of 5.75% to $3,367.27, and Solana grew by 4.94% to $221.01 and surpassed a $100 billion market cap. Solana-focused products received $3.9 million in inflows.
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