{"id":18495,"date":"2024-11-11T19:43:49","date_gmt":"2024-11-11T17:43:49","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-tests-85000-mark\/"},"modified":"2024-11-11T19:43:49","modified_gmt":"2024-11-11T17:43:49","slug":"bitcoin-tests-85000-mark","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-tests-85000-mark\/","title":{"rendered":"Bitcoin Tests $85,000 Mark"},"content":{"rendered":"<p>On November 11, the leading cryptocurrency once again reached its <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> at around $85,000. The coin appreciated by 6.5% over the day. \u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"453\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2024-11-11_19-30-41-1024x453.png\" alt=\"BTCUSDT_2024-11-11_19-30-41\" class=\"wp-image-244949\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2024-11-11_19-30-41-1024x453.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2024-11-11_19-30-41-300x133.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2024-11-11_19-30-41-768x340.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2024-11-11_19-30-41.png 1355w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">5-minute BTC\/USDT chart from Binance. Data:\u00a0<a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>On some exchanges like Coinbase, quotes exceeded $85,000.\u00a0<\/p>\n<p>Most cryptocurrencies in the top 10 by market capitalization are also in the &#8220;green zone.&#8221; BNB (-1.4%), XRP (-1.3%), and ADA (-1%) showed declines over the past 24 hours.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-11-11-v-19.23.45.webp\" alt=\"Snimok-ekrana-2024-11-11-v-19.23.45\" class=\"wp-image-244950\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>The total market capitalization of digital assets exceeded $3 trillion. Bitcoin&#8217;s dominance index is at 55.9%.<\/p>\n<p>According to\u00a0<a href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a>, the total volume of liquidated positions over the day amounted to $680 million, with $346 million in longs.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"365\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC-77-1024x365.png\" alt=\"BTC-77\" class=\"wp-image-244951\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC-77-1024x365.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-77-300x107.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-77-768x274.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-77.png 1106w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Liquidation map. Data: Coinglass.<\/figcaption><\/figure>\n<p>Amid the rapid growth, technical analyst Ali Martinez noted an &#8220;explosion of institutional <span data-descr=\"fear of missing out\" class=\"old_tooltip\">FOMO<\/span>,&#8221; citing a recent positive report from Bernstein.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Institutional FOMO is kicking in! We have never seen something like this before. Send it! ? <a href=\"https:\/\/t.co\/I8gpmkMjXD\">https:\/\/t.co\/I8gpmkMjXD<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1855989422782558670?ref_src=twsrc%5Etfw\">November 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We are literally starting the dot-com cycle for cryptocurrencies,&#8221; <a href=\"https:\/\/x.com\/CryptoMichNL\/status\/1855995122191565099\">emphasized<\/a> MN Trading founder Micha\u00ebl van de Poppe.\u00a0<\/p>\n<\/blockquote>\n<p>Earlier, Fundstrat co-founder Tom Lee predicted bitcoin reaching $100,000 by the end of 2024.<\/p>\n<p>Some experts have identified risks for the leading cryptocurrency. CEO of CryptoQuant Ki Young Ju warned that bitcoin might end the year slightly below $59,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 11, the leading cryptocurrency once again reached its ATH at around $85,000. The coin appreciated by 6.5% over the day. \u00a0 5-minute BTC\/USDT chart from Binance. Data:\u00a0TradingView. On some exchanges like Coinbase, quotes exceeded $85,000.\u00a0 Most cryptocurrencies in the top 10 by market capitalization are also in the &#8220;green zone.&#8221; BNB (-1.4%), XRP [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-18495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18495"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18494"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}