Over the past week, the first cryptocurrency has risen in price by 11%. Following Bitcoin, Ethereum also updated the maximum
On the morning of November 9, Bitcoin set a new historical maximum value at around $ 68.5 thousand.Over the past day, the cryptocurrency has risen in price by 3%, over the week – by 11%. As of 9:50 Moscow time, the asset is trading at $ 67.8 thousand. Its capitalization is $ 1.28 trillion with daily trading volumes above $ 40 billion, according to CoinGecko.
Following Bitcoin, the largest altcoin, Ethereum, also updated its maximum. Its price reached $ 4.8 thousand. The share of ETH in the market reached 18.5%. At the same time, bitcoin occupies 41.7% of the market.
Over the past five days, large holders of bitcoin, on whose addresses from 10 thousand to 100 thousand BTC are stored, have increased their investments in the first cryptocurrency by $ 2.8 billion. During this period, 43 thousand BTC were bought by "whales". Analysts explained that the active period of bitcoin accumulation could be the reason for its rise in price.
The latest wave of growth in the price of bitcoin started at the end of October after the first exchange-traded fund (ETF) based on bitcoin futures was launched in the United States. The Bitcoin Strategy ETF started trading on October 19 on the New York Stock Exchange (NYSE).