Bitcoin reached a new annual high of $36.8 thousand: reasons
Over the past five days, Bitcoin’s price has risen by more than 4% and reached a new high of $36,800 on November 9. BTC’s capitalization exceeded $700 billion for the first time in a long time and reached $714.74 billion. As for the value of transactions over the past 24 hours, it amounted to $23.82 billion.
The market capitalization of the entire industry increased by almost 3% over the past day. As of November 9, this figure stood at $1.38 trillion.
However, the cryptocurrency industry is not without turbulence. According to Coinglass, over the past 12 hours, the market has seen liquidations worth $117 million, with short liquidations accounting for $100 million. Despite the rally, Bitcoin accounted for $62 million in liquidations, of which $57 million were made by shorts. On a broader 24-hour scale, the industry’s total liquidations reached $160 million.
Cryptocurrency prices today
The 3.7% increase in Bitcoin’s quotes was the largest among the most famous digital coins in the top 10 ranking. For example, the price of Ethereum (ETH) increased by 1.8%, and XRP rose by 2.85%.
Huobi Token (HT) is the top cryptocurrency in the list of the top 100. Its share price rose by 23.75% over the last day, which allowed it to rank 93rd in terms of capitalization. The total capitalization of the asset reached $478.86 million. The trading volume amounted to $30.93 million, with the HT price at $2.96.
In addition, prices for Mina (MINA) have recovered. Its rate rose by 22.59% to $0.7455. In addition, trading volume increased significantly by 591%, reaching $226 million. Obviously, this sharp price increase is in line with the recent announcement by the Mina community about the upcoming update, which marked the end of Epoch 1.
Finally, the Neo cryptocurrency (NEO) has shown a stunning result, increasing its value by almost 13% over the past 24 hours. Its price was $13.72, and the total capitalization reached $967.52 million. Daily trading volumes amounted to $157.07 million. In addition, cryptocurrencies such as Oasis Network (ROSE), Pepe (PEPE), Aave (AAVE), Sui (SUI), and Theta Network (THETA) have also increased their prices by 10% or more over the past day.
