Bitcoin has set a new ATH

On Sunday, November 10, bitcoin BTC $90,383.35 Bitcoin -0.86% Market capitalization $1.79 trillion VOL. 24 hours $1.97 billion reached $ 79,788. At the time of writing, the market leader’s value is $ 81,035. Such a rapid growth of bitcoin has led to the growth of other digital assets from the top 10 by capitalization. For example, Cardano ADA $0.74 Cardano 3.33% Market capitalization $26.37 billion VOL. 24 hours $0.81 billion grew by 32.1%, and Dogecoin DOGE $0.34 Department Of Government Efficiency -4.33% Market capitalization $0.34 billion VOL. 24 hours $1.27 billion - by 10.4%.

The total capitalization of the digital asset market currently stands at $ 2.74 trillion, with bitcoin dominating with a 58.9% share. Over the past day, the volume of liquidated positions reached $ 385 million, of which $ 280 million were shorts. These trends indicate strong speculative sentiment in the market.

Famous investor Thor Demestre called on bitcoin holders to avoid impulsive actions. «Bitcoin at $ 79,000 is just the beginning. HODL is working for you, don’t rush,» he said, hinting at the prospects for long-term growth of the cryptocurrency. Another expert, Checkmate, also expressed confidence in continued growth, noting that bitcoin has not yet reached its peak potential.

In early November, bitcoin set several historical highs, including $ 75,000 and $ 77,000, which was driven by the US Federal Reserve’s discount rate cut. It is predicted that bitcoin may reach $ 100,000 by the end of the year, as indicated by the forecast of Tom Lee from Fundstrat.