Bitcoin Hits $77,000, Surging to a New All-Time High

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Cryptodnes2024/11/09 13:00

By:Cryptodnes

After recently reaching a new all-time high, Bitcoin doesn't seem to be losing momentum and continues to surge.

The latest achievement is breaking the $77,000 level after surgin by around 0.3% on the daily chart and 10.8% in the past 7 days.

This places Bitcoin as the 9th most valuable asset in the world with $1.52 market cap – just shy of the 2nd largest commodity, silver.

Bitcoin’s extraordinary uptick started on the day of the elections in the U.S. an quickly spreadout to other cryptocurrencies.

Bitcoin Outpaces Gold Post-Election as Investors Flock to Crypto

During the past 24 hours $264.47 million were liquidated from the crypto market – $136.36 million being long positons and $128.13 million in shorts. Bitcoin accounted for $64.07 million of these positions.

Investors are feeling the bullish hype after Donald Trump was announced the winner of the 2024 presidential race and pro-crypto candidates succeded in securing the seats at the Senate.

This is expected to bring crypto-friendly legislation to the U.S., which could propel the prices even further.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14