Bitcoin Hits New ATH Nearly $90,000, Altcoins Also Rise!

Bittime - Today, Bitcoin has again reached a new ATH, which is almost reaching $90,000. This surge was influenced by the North American stock market which was in the green zone.

On the other hand, gold and silver actually experienced a decline. Read this article to find out more! 

North American Stoc Markets Rise, Bitcoin Hits New ATH

The main stock index in North America showed strength. The S&P 500 broke through the 6,000 mark, and the Dow Jones reached more than 44,000 points, up 0.10% and 0.69%, respectively. 

Nasdaq also experienced an increase of 0.06%. This strengthening indicates positive momentum in the stock market, which was accompanied by significant increases in Bitcoin and several altcoins.

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Bitcoin Hits New ATH, Gold and Silver Weaken

Meanwhile, gold and silver actually experienced a decline in prices. Gold prices are approaching the support level at $2,600 per ounce, after briefly reaching a low of $2,610.69. 

At the time this article was written, gold was trading at $2,622.35, down 2.31% in one session. Silver also declined, reaching $30.716 per ounce, a decline of 1.76%.

Bitcoin Price Rises, Bitcoin Hits New ATH

Source: Coinmarketcap.com

Hangry Bitcoin was in the $80,000 to $82,000 range on the evening of November 11. As soon as North American markets opened, the price of Bitcoin soared from $81,680 at 16:30 WIB to $82,620 in just 11 minutes. 

Moments later, Bitcoin hit a new ATH at $84,440 around 12:00 p.m 17:00 WIB. Bitcoin continued to rise to the level of $88,500 at 23:30 WIB. And at around 07.00 WIB today, Bitcoin touched $89,604.

Although there are concerns about a potential correction in the stock market and Bitcoin, McGlone believes that Bitcoin still has the opportunity to outperform gold. As long as the stock market continues to rise, Bitcoin seems more likely to outperform gold.

Bitcoin Hits New ATH, Altcoins Price Also Rise

The increase in Bitcoin prices was also followed by altcoins, with some of them recording double-digit increases. For example, the Cronos token (CRO) rose 53%, Based Brett (BRETT) rose 23.91%, and Dogecoin (DOGE) rose 23.7%. 

However, not all altcoins experienced an increase, some actually experienced a decrease. For example, First Neiro (NEIRO) fell 8.95%, as well as Gigachad (GIGA) and Goatseus Maximus (GOAT) which fell 5.79% and 5.20% respectively.

Currently, the total crypto market capitalization reached $2.94 trillion, an increase of 8.11% in one day, with Bitcoin dominance reaching 59.04%. 

This surge shows positive sentiment in the crypto market continues to strengthen, with Bitcoin as the market leader continuing to attract attention.

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Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.