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)

Table of Contents

CryptoPotato_News

Other articles published on Nov 7, 2024

MAGA Hat Price Prediction: MAGA Plunges 37% After Donald Trump Victory, But This PolitiFi Rival C...

Sui Recognizes Sports Fans Through Strategic Partnership with Fan Engagement Platform Trace

DEGEN tokens may have to relaunch on a new chain as ConduitXYZ holds bridge keys hostage

Runestone Founder Calls Out Coinbase Over Unfair Meme Coin Listings

‘It Will Melt Faces,’ Says Cardano Analyst Expecting the ADA Price to Touch $10 in 2025, Rival Fo...

Bitcoin Chart Prints Buy Signal: Will BTC Price Rise Further?

Join our free newsletter for daily crypto updates!