{"id":18497,"date":"2024-11-12T09:07:59","date_gmt":"2024-11-12T07:07:59","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-nears-90000-as-crypto-market-cap-surpasses-3-trillion\/"},"modified":"2024-11-12T09:07:59","modified_gmt":"2024-11-12T07:07:59","slug":"bitcoin-nears-90000-as-crypto-market-cap-surpasses-3-trillion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-nears-90000-as-crypto-market-cap-surpasses-3-trillion\/","title":{"rendered":"Bitcoin Nears $90,000 as Crypto Market Cap Surpasses $3 Trillion"},"content":{"rendered":"<p>The leading cryptocurrency has continued its rapid ascent, with its price approaching the $89,000 mark, once again setting a new all-time high. <\/p>\n<p><!--more--><\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">November 12, 2024 | 13:14<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>The price nearly reached $90,000 before correcting. Consolidation is occurring around the $87,000 level.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/40793\" data-width=\"100%\"><\/script>\n<\/div>\n<p>Over the past 24 hours, the asset has risen by 9.8%, according to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>. This marks the largest daily increase in history \u2014 <a href=\"https:\/\/t.me\/incrypted\/24443\" title=\"by $8343\">by $8343<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"517\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4h-15-1024x517.png\" alt=\"4h-15\" class=\"wp-image-244956\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/4h-15-1024x517.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/4h-15-300x151.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/4h-15-768x388.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/4h-15.png 1046w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">4-hour BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/x\/w5jgVKdP\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Among the top 10, Dogecoin showed the largest daily increase at 44.4%. Ethereum rose by 6.4%.\u00a0<\/p>\n<p>The total cryptocurrency market capitalization reached a new <span data-descr=\"all-time high of the indicator\" class=\"old_tooltip\">ATH<\/span> at $3.11 trillion, surpassing the peak reached in November 2021.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"261\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/overall_cap-1024x261.png\" alt=\"overall_cap\" class=\"wp-image-244957\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/overall_cap-1024x261.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/overall_cap-300x77.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/overall_cap-768x196.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/overall_cap.png 1254w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Dynamics of total cryptocurrency market capitalization. Data: <a href=\"https:\/\/www.coingecko.com\/en\/global-charts\">CoinGecko<\/a>.\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Bitcoin vs Silver<\/h2>\n<p>The market capitalization of the leading cryptocurrency reached $1.748 trillion, surpassing silver:<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"624\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/vs_Silver-1024x624.png\" alt=\"vs_Silver\" class=\"wp-image-244960\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/vs_Silver-1024x624.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/vs_Silver-300x183.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/vs_Silver-768x468.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/vs_Silver.png 1356w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/companiesmarketcap.com\/assets-by-market-cap\/\">CompaniesMarketCap<\/a>.<\/figcaption><\/figure>\n<p>The corresponding figure for gold is approximately 10 times higher \u2014 $17.55 trillion.<\/p>\n<h2 class=\"wp-block-heading\">Record Liquidations<\/h2>\n<p>The total volume of short positions liquidated in bitcoin derivatives over the past day exceeded $400 million.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"331\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/liq-2-1024x331.png\" alt=\"liq-2\" class=\"wp-image-244964\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/liq-2-1024x331.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/liq-2-300x97.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/liq-2-768x249.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/liq-2.png 1375w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Map of liquidation volumes for various crypto assets. Data: <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass<\/a>.<\/figcaption><\/figure>\n<p>The previous peak was reached in August at $266 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/the_block_data.webp\" alt=\"the_block_data\" class=\"wp-image-244965\"\/><figcaption class=\"wp-element-caption\">Dynamics of short position liquidations on major crypto exchanges. Data: <a href=\"https:\/\/www.theblock.co\/data\/crypto-markets\/futures\/short-liquidations\">The Block Data<\/a>.<\/figcaption><\/figure>\n<p>On November 4, the total open interest in bitcoin futures was $31.64 billion; it has now reached $36.86 billion (according to <a href=\"https:\/\/www.theblock.co\/post\/325567\/bitcoin-price-spike-triggers-unprecedented-short-liquidations-breaking-august-record\">The Block<\/a>), indicating a steady increase in the metric and significant market activity.<\/p>\n<h2 class=\"wp-block-heading\">Greed, Not Fear<\/h2>\n<p>The cryptocurrency fear and greed index reached a level of 80, indicating <span data-descr=\"fear of missing out\" class=\"old_tooltip\">FOMO<\/span> among market participants.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/fear-6.webp\" alt=\"fear-6\" class=\"wp-image-244967\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"http:\/\/alternative.me\">alternative.me<\/a>.<\/figcaption><\/figure>\n<p>The annual peak of the metric was recorded in early March at 90.\u00a0<\/p>\n<p>Earlier, analysts at brokerage firm Bernstein urged clients to add crypto assets to their investment portfolios &#8220;as soon as possible.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The leading cryptocurrency has continued its rapid ascent, with its price approaching the $89,000 mark, once again setting a new all-time high.<\/p>\n","protected":false},"author":1,"featured_media":18496,"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-18497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18497","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=18497"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18496"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}