Cryptocurrency

Wednesday

Bitcoin

PEPE

Bitcoin shot up to yet another all-time high of around $76,500 earlier today but has lost some traction and now hovers at approximately $75,000. 
The altcoins have taken the main stage today, as Ethereum jumped by 8% and exceeded $2,800 for the first time in months, while PEPE and AAVE have tapped double-digit increases. 
<h2 id="btc-cools-off">BTC Cools Off</h2> 
It’s only Thursday, but this week has already become historical for the cryptocurrency markets. Bitcoin retraced hard on Monday, dropping to under $67,000 in anticipation of the US presidential elections. This meant that the asset had lost over five grand within less than a week. 
However, as the early results for the <a href="https://cryptopotato.com/us-presidential-elections-2024-results-donald-trump-declares-victory/" data-wpel-link="internal">elections started to pop up</a> on Tuesday evening and especially on Wednesday morning, the cryptocurrency went on a wild run and shot up from $67,000 to over $75,000. Thus, it broke its March all-time high of $73,737 and <a href="https://cryptopotato.com/crypto-markets-add-over-200b-overnight-as-bitcoin-btc-taps-new-all-time-high-market-watch/" data-wpel-link="internal">charted</a> a new one. 
It calmed during the day but went on the offensive once again in the past 12 hours and <a href="https://cryptopotato.com/bitcoin-hits-ath-above-76k-and-ethereum-finally-awakes-surging-to-3-month-high/" data-wpel-link="internal">jumped</a> to as high as $76,500 (on Bitstamp) to mark a fresh peak. It has lost some traction since then, currently sitting at around $75,000, but it is still 4% up weekly. 
Its market cap stands above $1.480 trillion, while its dominance over the alts has taken a hit and is down to 56.2%. 
<figure id="attachment_369537" aria-describedby="caption-attachment-369537" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-8.png" data-wpel-link="internal"><img class="size-full wp-image-369537" src="https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-8.png" alt="Bitcoin/Price/Chart 7.11.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-8.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-8-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-8-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-8-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-8-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-8-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-369537" class="wp-caption-text">
 Bitcoin/Price/Chart 7.11.2024. Source: TradingView
 </figcaption>
</figure> 
<h2 id="eth-awakens">ETH Awakens</h2> 
Ethereum was among the most modest performers yesterday but has finally awakened with an 8% surge. This means that the second-largest crypto has risen to a three-month peak of its own at over $2,800. XRP, ADA, LINK, and AVAX are the other notable gainers from the larger-cap alts, while DOGE has retraced by almost 4%. 
More substantial price increases come from the likes of ENA (32%), RAY (30%), NEIRO (22%), LDO (20%), AAVE (15.5%), and PEPE (11.5%). 
The total crypto market cap has added another $50 billion overnight and sits at a multi-month peak of its own at almost $2.650 trillion. 
<figure id="attachment_369538" aria-describedby="caption-attachment-369538" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-07-115145.png" data-wpel-link="internal"><img class="size-full wp-image-369538" src="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-07-115145.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1882" height="825" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-07-115145.png 1882w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-07-115145-300x132.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-07-115145-1024x449.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-07-115145-768x337.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-07-115145-1536x673.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-07-115145-50x22.png 50w" sizes="(max-width: 1882px) 100vw, 1882px"></a>
 <figcaption id="caption-attachment-369538" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure> 
The post <a href="https://cryptopotato.com/these-alts-surge-by-double-digits-as-bitcoin-btc-calms-after-new-all-time-high-market-watch/" rel="nofollow">These Alts Surge by Double Digits as Bitcoin (BTC) Calms After New All-Time High (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

These Alts Surge by Double Digits as Bitcoin (BTC) Calms After New All-Time High (Market Watch)

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