Bitcoin picked up momentum and soared above $84,500, pulling several altcoins higher.
Bitcoin (BTC) has been on a roll and shows no signs of slowing down. The latest leg of the rally above $84,500 pushed Bitcoin’s total market capitalization above $1.67 trillion for the first time.
Analysts remain optimistic that Bitcoin will extend its month-to-date gains of 17% as November’s average return is 44%, according to CoinGlass data. Veteran trader Peter Brandt said in a post on X that “when BTC runs – it runs.” He projects Bitcoin to reach $125,000 by the end of the year.
Daily cryptocurrency market performance. Source: Coin360
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Source: https://cointelegraph.com/news/price-analysis-11-11-spx-dxy-btc-eth-sol-bnb-doge-xrp-ada-ton?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound