“Updated The first cryptocurrency continued its rapid growth. Its rate is close to the $89,000 mark. Over the past 24 hours, the asset has risen in price by 9.8%, according to CoinGecko. Binance BTC/USDT 4-hour chart. Source: TradingView. Out of the top 10, Dogecoin showed the biggest growth during the day — 44.4%. Cryptocurrency Ethereum rose in price by 6.4%. The total capitalization of the cryptocurrency market reached an ATH near the $3.11 trillion mark, surpassing the peak reached in November 2021. […]”, — write: businessua.com.ua
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The first cryptocurrency continued its rapid growth. Its rate closely approached the mark of $89,000.
Over the past 24 hours, the asset has risen in price by 9.8%, according to from CoinGecko.
Binance BTC/USDT 4-hour chart. Source: TradingView.
Out of the top 10, Dogecoin showed the biggest growth during the day — 44.4%. Cryptocurrency Ethereum rose in price by 6.4%.
The total capitalization of the cryptocurrency market has reached ATH near the $3.11 trillion mark, surpassing the peak reached in November 2021.
Dynamics of the total capitalization of the cryptocurrency market. Source: CoinGecko.
Bitcoin vs SilverThe market capitalization of the first cryptocurrency reached $1.748 trillion, surpassing silver:
Source: CompaniesMarketCap.
The corresponding figure for gold is about 10 times higher — $17.55 trillion.
Record liquidationsThe total volume of short positions liquidated per day in derivatives based on bitcoin exceeded $400 million.
Map of liquidation volumes of positions by various cryptoassets. Source: CoinGlass.
The previous maximum of the indicator was reached in August — near the mark of $266 million.
Dynamics of liquidation of short positions on the largest crypto exchanges. Source: The Block Data.
On November 4, the total open interest in Bitcoin futures was $31.64 billion; to date, the figure has reached $36.86 billion (according to The Block), indicating a steady growth of the metric and a significant increase in market activity.
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