Bitcoin Price Today Hits New AllTime High of 89k Dogecoin Price Surges 33 Crypto Price Update Nov 12th 2024

The crypto market today has experienced significant fluctuations, with the market cap increasing by 7.36% in a 24-hour period and reaching $2.98 trillion. This bullish momentum was driven by a notable surge in trading volumes, which rose by 33.24% to $304.65 billion. Investor optimism is supported by the Fear & Greed Index, which has risen to 87, indicating “Extreme Greed” in the industry.

Bitcoin has surpassed $88,000 and achieved a fresh all-time high (ATH) of $89,604.50. Currently, it is trading at $88,741.46, reflecting a 9.12% increase from the previous day. Its market cap has reached $1.75 trillion, making it the world’s 8th largest asset and surpassing the valuation of silver, which is $1.736 trillion. These numbers currently exceed Spain’s GDP.

Interested in knowing where BTC is headed next? Take a look at our Bitcoin Price Prediction.

Other altcoins have also seen gains. Ethereum (ETH) has grown by 5.72%, reaching a price of $3,343, benefiting from favorable market trends. Solana (SOL) has experienced a 6.40% increase, trading at $219.57. XRP has also joined the rally with a 4.21% jump, priced at $0.6065.

Read our detailed analysis of the Ethereum Price Prediction.

Among the top gainers, Cronos (CRO) is leading the pack with an impressive 52.57% surge to $0.2142. Aioz Network (AIOZ) follows closely with a 40.82% rise, trading at $0.732. Dogecoin (DOGE) has also gained significant momentum, surging by 33.90% and reaching $0.3934, driven by increased community and market engagement.

On the other hand, Raydium (RAY) experienced the biggest decline among the top assets, falling by 16.06% to $4.71. GOAT (GOAT) followed with a 14.14% drop to $0.7759, while NEIRO (NEIRO) decreased by 10.71% to $0.002372, indicating a pullback in an otherwise bullish market.

Stay tuned for more updates as the crypto market continues to evolve and new trends emerge!

Tags: Bitcoin, Crypto news