As a seasoned researcher with over two decades of experience in the financial markets, I’ve seen countless market fluctuations and trends that have left even the most experienced investors scratching their heads. However, the recent performance of Bitcoin has been nothing short of breathtaking.
On November 11th, Bitcoin, the globe’s leading digital currency by market value, experienced its most significant single-day increase ever.
The crypto king managed to add $8,343 to its price within a single day.
On February 8th, 2021, the highest cryptocurrency reached a daily increase of $7,576, jumping from $38,871 to $46,448. This significant rise occurred when Tesla, an electric vehicle manufacturer, unexpectedly declared its acquisition of Bitcoin worth $1.5 billion.
This year has seen the three largest daily price fluctuations occur. In the year 2024, Bitcoin ETFs became a significant driving force behind positive sentiment. Remarkably, spot Bitcoin ETFs attracted approximately $3.5 billion in just four trading days.
Bitcoin flips silver
On this past Monday, Bitcoin reached a fresh peak of $89,560, marking a nearly 30% surge in just seven days.
The market cap of the world’s leading cryptocurrency currently stands at $1.75 trillion.
Following the most recent price surge, Bitcoin has now managed to surpass silver.
According to a report from U.Today, Blockstream CEO Adam Back has suggested that Bitcoin, the leading cryptocurrency, might even outperform the market value of gold during this current phase.
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2024-11-12 08:50