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Bitcoin Has Reached New All-time Highs As The Crypto Market Continues To Rise

According to global crypto price tracker CoinMarketCap, Bitcoin commenced trading at an all-time high of $68,327.99 on Tuesday, November 9. Bitcoin is now worth even more in India, with the world’s oldest cryptocurrency trading at $72,915, following the world’s oldest cryptocurrency which increased 3.37 percent in value to reach a new high.

The cryptocurrency had already crossed the $67,000 mark in October, just as the first Bitcoin Exchange Trade Fund (ETF) arrived on the New York Stock Exchange. However, this isn’t the only good news for crypto investors today.

According to CoinMarketCap data, Ether surged in value in tandem with Bitcoin, reaching an all-time high of $4,811. According to Gadget 360’s crypto price tracker, Ether is currently selling at $5,179. In the last 24 hours, the world’s second most valuable crypto coin increased 1.82 percent, breaking beyond the $4,700 barrier for the first time in history.

“The momentum in the crypto currency market is highly bullish at the moment. Over the past 24 hours, we saw the total market cap surpass the massive $3 trillion (roughly Rs. 2,21,64,000 crore)-mark. The coming 24 hours could witness some amount of profit booking as the momentum settles after the new all-time highs breached,” Edul Patel, CEO and Co-founder of cryptocurrency investment platform Mudrex told.

Several other famous altcoins, such as Cardano, Ripple, Uniswap, and Litecoin, have seen their values grow in tandem with the market.

After having battled a rough few days of price dips, rival meme-based dog coins Dogecoin and Shiba Inu also witnessed value hikes of 3.37 percent and 3.39 percent respectively in the last 24 hours.

Tether, Polkadot, USD Coin, and Polygon are among the few cryptocurrencies that did not benefit from the bullish market sentiment.

Meanwhile, industry analysts believe that the rest of the week would be advantageous for crypto-investors given the current market conditions.

At a time when the whole worth of the crypto industry has reached $3.007 trillion, a growing number of businesses are taking a pro-crypto stance.