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Bitcoin Hits New All-Time High

Adel 9 November, 2021 5:40 pm Breaking News, Cryptocurrency, Market Update

The largest digital currency, Bitcoin, managed to set a new record, surpassing the October peak beyond $68,000

Bitcoin prices jumped over the past few hours, reaching a new historical high at $68.5 thousand, while it is now rising around 4%.

The market value of Bitcoin has jumped to levels of 1.3 trillion dollars, while it is now rising within a week in the range of 11%, and Bitcoin has risen in the range of 25% within thirty days and by 135% since the beginning of the year.

Tesla CEO Elon Musk’s recent announcement of his intention to sell 10% of his holdings in Tesla may have contributed to Bitcoin’s volatility over the weekend as the cryptocurrency asset surged more than 4% from $62.9K to $655,000 in less of two hours.

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