DOGE, SHIB Explode By Double Digits, BTC Marks New Peak Near $82,000 (Market Watch)

Bitcoin price rally continues strong as the asset broke above $80,000 and $81,000 earlier today to mark a new peak near $82,000.

Some of the altcoins have calmed down in the last 24 hours, but not DOGE, SHIB, CRO, WIF, NEAR and TAO, which are still up by double digits.

The last peak of BTC

These days, it almost seems repetitive to talk about new bitcoin all-time highs. It all started after Donald Trump’s landslide victory in the 24th US presidential election in the middle of last week, when BTC surpassed its March high of $73,737 and broke above $75,000.

In the following days, the asset broke a few more barriers and the latest one came yesterday when it reached $80,000. At first, the bears managed to step in and stop the initial attempts.

However, the cryptocurrency seems to be in full bullish mode these days and broke above last night. It continued to rally over the past 12 hours or so and soared to $81,800 for its most recent peak. Despite pulling back slightly since then, BTC is still above $81,000. That means it’s up nearly 3% on a daily basis and over 18% weekly.

Its market capitalization has soared to $1.6 trillion and its dominance of the highs is up to 55.6%.

Bitcoin/Price/Chart 11.11.2024. Source: TradingView DOGE, SHIB Keep Rolling

Dogecoin and Shiba Inu were among the top performers yesterday. As reported, the former even toppled XRP and USDC today to become the sixth largest cryptocurrency after charting a multi-year peak. Today’s high has reached just $0.3. SHIB also posted a local peak of its own, and here are some of the reasons for its rise yesterday.

NEAR, CRO, TAO, KAS, STX and WIF are the other double-digit price gains in today’s larger-cap alternatives.

In contrast, ADA has calmed down after Sunday’s massive rally, while ETH, BNB, TON, XRP, TRX, and AVAX are even slightly in the red.

The total crypto market cap has added another $50 billion since yesterday and added $2.9 trillion to CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!

Disclaimer: The information found on CryptoPotato is that of the quoted writers. It does not represent CryptoPotato’s views on whether to buy, sell or hold any investment. You are advised to do your own research before making any investment decisions. Use the information provided at your own risk. See disclaimer for details.

TradingView Cryptocurrency Charts.