Bitcoin

On November 8, the price of Bitcoin hit its highest price for the third time since the US election, soaring to <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">$77,239.75</a>. The cryptocurrency has achieved a significant milestone, rising 10.07% over the past week. The asset&#39;s 24-hour trading volume of $42.42 billion highlights sustained investor interest. Although it dropped by a marginal 0.83% from its peak, Bitcoin’s price still spiked by 0.83% in the last 24 hours, indicating that the market isn’t done with bullish sentiment yet.<h2 id="header-0">Derivatives Data</h2>Interesting activity is shown by the <a href="https://www.coinglass.com/currencies/BTC" rel="noopener noreferrer nofollow">data</a> from Bitcoin&#39;s derivatives market. Per CoinGlass, in the past 48 hours, Bitcoin has liquidated large amounts of positions, necessary to maintain the current bullish trend. Further, trades have gone down 13.53 percent, reduced to $60.33 billion. In contrast, open interest increased modestly by 0.50% to $46.83 billion, indicating continued market participant engagement. Options volume also dropped by 30.75%, as options open interest increased 1.72%.<a href="https://cryptotale.org/bitcoin-hits-77k-all-time-high-as-institutional-demand-surges/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Hits $77K All-Time High as Institutional Demand Surges

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