{"id":86791,"date":"2023-11-09T08:00:53","date_gmt":"2023-11-09T06:00:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86791"},"modified":"2025-09-13T07:43:57","modified_gmt":"2025-09-13T04:43:57","slug":"bitcoin-price-nears-38000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-nears-38000\/","title":{"rendered":"Bitcoin price nears $38,000"},"content":{"rendered":"<p>The flagship cryptocurrency continued its steady rise. Overnight on November 8\u20139, the asset price broke through the $36,000 level and then reached $36,700.<\/p>\n<p><!--more--><\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"471\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-816-1024x471.png\\\" alt=\\\"1-816\\\" class=\\\"wp-image-219666\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-816-1024x471.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-816-300x138.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-816-768x353.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1-816-1536x706.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/1-816.png 1819w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption class=\\\"wp-element-caption\\\">Hourly BTC\/USDT chart on Binance. Data: <a href=\\\"https:\/\/www.tradingview.com\/x\/l8x03Pfo\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<div class=\\\"wp-block-text-wrappers-update-2 article_update\\\"><time class=\\\"gtb_text-wrappers_update_time\\\">November 9, 2023 | 16:15<\/time><span class=\\\"gtb_text-wrappers_update_head\\\">Update: <\/span><\/p>\n<p>Against a backdrop of higher trading volumes, Bitcoin rose above $37,000 and subsequently reached $37,600.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"471\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/12345-15-1024x471.png\\\" alt=\\\"12345-15\\\" class=\\\"wp-image-219741\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/12345-15-1024x471.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/12345-15-300x138.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/12345-15-768x353.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/12345-15-1536x706.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/12345-15.png 1819w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption class=\\\"wp-element-caption\\\">Hourly BTC\/USDT chart on Binance. Data: <a href=\\\"https:\/\/www.tradingview.com\/x\/seZ4JkUM\\\" title=\\\"TradingView\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Over the past 24 hours the asset rose 6.6%, according to <a href=\\\"https:\/\/www.coingecko.com\/\\\" title=\\\"CoinGeGecko\\\">CoinGeGecko<\/a>. <\/p>\n<\/div>\n<p>Top altcoins also rose in price, lagging the leading asset in momentum.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"522\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/2-657-1024x522.png\\\" alt=\\\"2-657\\\" class=\\\"wp-image-219667\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/2-657-1024x522.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2-657-300x153.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-657-768x391.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/2-657.png 1291w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption class=\\\"wp-element-caption\\\">Data: <a href=\\\"https:\/\/www.coingecko.com\/\\\">CoinGeGecko<\/a>.<\/figcaption><\/figure>\n<p>As of writing, Bitcoin was trading around $36,700, and Ethereum around $1,920.<\/p>\n<p>Total market capitalisation stood at $1.42 trillion, Bitcoin\u2019s dominance at 50.3%.<\/p>\n<p>Data provider CCData <a href=\\\"https:\/\/ccdata.io\/reports\/exchange-review-october-2023?mc_cid=6fc756c631&#038;mc_eid=7fb1e1418f\\\">said<\/a> that total trading volume on <span data-descr=\\\"centralised exchanges\\\" class=\\\"old_tooltip\\\">CEX<\/span> in October rose by 87.2% versus September, to $632 billion. The gauge marked its first rise in four months.<\/p>\n<p>MN Trading founder Micha\u00ebl van de Poppe forecasts the total market capitalisation rising to $1.8 trillion after a likely consolidation of the figure in the $1.15-1.3 trillion range.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">The total market capitalization of <a href=\\\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Crypto<\/a> follows the line.<\/p>\n<p>A new higher high has been created and, a new higher low is created.<\/p>\n<p>Maybe some more consolidation between $1.15-1.30T, but next target remains at $1.80T. <a href=\\\"https:\/\/t.co\/ok2lJU1JlU\\\">pic.twitter.com\/ok2lJU1JlU<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\\\"https:\/\/twitter.com\/CryptoMichNL\/status\/1722234513286107221?ref_src=twsrc%5Etfw\\\">November 8, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>Earlier-known experts <a href=\"https:\/\/u1f987.com\/en\/news\/experts-see-bitcoin-poised-to-reach-40000\">stated<\/a> the prerequisites for Bitcoin&#8217;s move to $40,000, noting in particular the rise in open interest in futures tied to digital gold. <\/p>\n<p>In October, technical analyst and head of Factor LLC Peter Brandt <a href=\"https:\/\/u1f987.com\/en\/news\/peter-brandt-urges-bitcoin-traders-to-brace-for-a-chop-fest\">urged<\/a> traders to prepare for a &#8216;knife-fight&#8217;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The flagship cryptocurrency continued its rise. Overnight on November 8\u20139, the asset price surpassed the $36,000 level and reached $36,700.<\/p>\n","protected":false},"author":1,"featured_media":86792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-86791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86791","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=86791"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86791\/revisions"}],"predecessor-version":[{"id":86793,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86791\/revisions\/86793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86792"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}