The largest crypto retraced around 5% to the low-$85,000 level earlier Tuesday, shaking out some late leveraged buyers. The pullback didn’t last long, though, with prices quickly rebounding and clinching a new all-time high of $90,100 on Coinbase’s BTC-USD pair towards the later hours of the U.S. session before giving back some of the gains. The CoinDesk Bitcoin Index (XBX), which tracks pricing data from multiple exchanges, hit $89,971 as the price on Coinbase topped $90,000.
Source: https://www.coindesk.com/markets/2024/11/12/bitcoin-blasts-to-90k-as-crypto-rally-shakes-out-leverage-traders/?utm_medium=referral&utm_source=rss&utm_campaign=headlines