The most famous cryptocurrency bitcoin has updated its historical maximum for the second time in a day

On the night of November 7, 2024, bitcoin BTC $98,834.02 Bitcoin 1.18% Market capitalization $1.96 trillion VOL. 24 hours $4.62 billion updated its historical high again, reaching a peak of $ 76,203.

It is worth noting that the cryptocurrency rate continued to fluctuate afterwards amid positive news about Donald Trump’s likely victory in the US presidential election.

Despite the rapid growth in the evening of November 6 and on the night of November 7, as of the morning, the price of bitcoin dropped below $ 75,000 and did not exceed this mark at the time of writing, thus making the weekly increase 3.3%.

At the time of writing, the flagship crypto asset’s rate is $ 75,041, its market capitalization is $ 1.48 trillion, and traders have made daily trading deals worth $ 78.34 billion.

By the way, CryptoQuant analyst CoinLupin predicted a further rise in the price of the cryptocurrency to $ 120,000 on November 5 amid the growing trend of Bitcoin on the US Election Day.

As a reminder, on Wednesday, November 6, bitcoin hit a new all-time high, exceeding $ 75,000 amid preliminary results of the US election, where Donald Trump is ahead of Kamala Harris.