Thursday, November 11, 2021, 11:22 a.m.
Bitcoin continued its triumphant advance yesterday, reaching another new record price at $ 68,500.
However, a flash crash caused it to drop sharply to $ 64,000 before rebounding to around $ 65,000, where it is currently changing hands. Can it take another try to reach the $ 70,000 milestone?
The all-time high followed the unexpectedly high US inflation numbers for October. The US Department of Labor said Wednesday that the consumer price index for October was 6.2 percent up on the previous year. That is the highest value in three decades. Gold also rose in the news, hitting its highest level since June.
Elsewhere, Ethereum took a similar course yesterday, hitting a new all-time high of $ 4,850 before pulling back. It’s currently changing hands for a little over $ 4,700. There were also deeper drops on the board, with only Chainlink (LINK) and Algorand (ALGO) seeing green shoots.
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Yesterday Crypto AM Daily in collaboration with Luno
In the markets
The bitcoin economy
* Definitions and findings can be found at https://bytetree.com/insights/
Total crypto market capitalization
The total capitalization of the entire cryptocurrency market is currently at the time of writing. $2,856,486,208,926, down from $ 2,855,092,948,994 yesterday.
What Bitcoin did yesterday
We got yesterday, November 10th, 2021, for the price of. closed $ 64,995.23, down from $ 66.971.83 the day before. The daily high was $ 68,789.63 yesterday and the daily low was $ 63,208.11.
Around this time last year, Bitcoin’s price closed the day at $ 15,290.90. In 2019, it closed at $ 9,055.53.
Bitcoin market capitalization
Bitcoin’s market capitalization at the time of writing is $ 1.229 trillion. To put it in context, gold’s market cap is $ 11.843 trillion and Meta (Facebook) is $ 911.41 billion.
Bitcoin volume
The total spot trading volume reported by all exchanges in the last 24 hours was $ 50,797,268,038, from $ 37,986,530,921 yesterday. High volumes may indicate that any significant price move has stronger support and is more likely to be sustained.
volatility
Bitcoin’s price volatility over the past 30 days is 43.07%.
Fear and greed index
The market sentiment is today 77.
Bitcoin’s market dominance
Bitcoin’s market dominance is today 43.42. The lowest dominance ever measured was 37.09 on January 8, 2018.
Relative Strength Index (RSI)
The daily RSI is currently 60.02. A reading of 70 or above indicates that an asset is being overbought and may be prepared for a trend reversal or price correction – an RSI of 30 or below indicates an oversold or undervalued condition.
Convince your Nan: Soundbite of the day
“Every big bank, every big wealthy company will at some point have some exposure to Bitcoin”
Bill Miller Billionaire
What they said yesterday
The largest #Bitcoin broker in Switzerland, Bitcoin Suisse, has just activated Lightning Network for cheaper and faster payments!
Your move, Coinbase π€
– Bitcoin archive πππ (@BTC_Archive) November 10, 2021
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