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Crypto Hits $1.4T: Bitcoin $36.8K

Crypto Market Hits $1.4 Trillion: Bitcoin at $36.8K, Ethereum Surges 10.7%

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247 Listen to this article November 10, 2023 In a remarkable turn of events, the global cryptocurrency market experienced a […]

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November 10, 2023

In a remarkable turn of events, the global cryptocurrency market experienced a 3.12% surge on Friday, reaching an impressive market cap of $1.4 trillion. The total crypto market volume over the last 24 hours witnessed a substantial 118.67% increase, soaring to $97.43 billion. DeFi played a significant role, contributing $9.09 billion, accounting for 9.33% of the total crypto market 24-hour volume, as reported by CoinMarketCap. Additionally, stable coins dominated the scene, representing a staggering 87.73% of the total crypto market 24-hour volume, totaling $85.47 billion.

Read Also: Bitcoin Metrics Reach Bullish 2023 Landmarks

Bitcoin and Ethereum Lead the Charge

Bitcoin, the pioneer of cryptocurrencies, observed a 1.42% increase, with each token valued at $36,813.97 on Friday. The market cap for Bitcoin reached an impressive $719.29 billion, according to CoinMarketCap data. Simultaneously, Ethereum recorded a substantial 10.70% surge, with the price per token reaching $2,121.75.

Ethereum experienced an 8% rally on November 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge was attributed to BlackRock’s registration of the iShares Ethereum Trust in Delaware. The news triggered $48 million worth of liquidations in ETH short futures, fueling optimistic expectations for a potential Ether spot ETF filing by BlackRock, a $9 trillion asset manager.

Read Also: Chainlink Price Prediction As Whales Go On A Buying Spree

Meme Coins in the Spotlight

Meme currencies demonstrated mixed performance on Friday:

  • Dogecoin: The price of Dogecoin fell by 2.63% to $0.07423 per token, with a market cap of $10.52 billion.
  • Shiba Inu: Shiba Inu witnessed a modest 0.17% increase, reaching $0.00000847 per token, boasting a market cap of $4.99 billion.
  • Pepe Coin (PEPE): Pepe Coin experienced a notable 29% decline, with each token valued at $0.0000000003561.
Read Also:  $27 Trillion Could Flow into Bitcoin with Spot ETF Approval

Read Also: $17.7 Trillion Wall Street Impact on Bitcoin, Ethereum, and XRP Prices

Altcoin Movement

Other major altcoins exhibited the following movements:

As the crypto market continues to captivate investors, these developments underscore the dynamic and ever-evolving nature of the digital asset landscape

For the Latest Crypto News follow the Coinography and Subscribe our YouTube channel or follow us on social media platforms like Twitter, Facebook, Instagram and LinkedIn.

Read Also:  Kenyan Panel Urges Halt to Worldcoin Crypto Project
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