The leading cryptocurrency by market cap, bitcoin, reached its highest-ever levels during the morning trading session of Nov 9. This high is only around 2% off shy of reaching $70,000 per BTC. BTC prices traded just above $68,500 in a new all-time high on Nov 9 after gaining 4.6% on the day. At the time of writing, the world’s premier cryptocurrency asset was changing hands for $68,140, according to TradingView tracking prices on Binance.
Bitcoin is now up 24% over the past 30 days.
Bitcoin has made an impressive 12% since the same time last week and is now up 24% over the past 30 days. Bitcoin has more than doubled since the July 21 dip that took the cryptocurrency just below $30,000. Since the beginning of the year, BTC has made a gain of 136%. Compared to other store-of-value assets such as gold, which has actually lost 3.7% since Jan 1, BTC is way ahead. The market capitalization of Bitcoin is currently $1.29 trillion, which puts it ahead of Tesla’s $1.16 trillion.
BTC is the eighth leading asset on the planet by market cap.
Bitcoin currently has a market share of 41.8%, but its market cap is the same as it was for the entire crypto asset market just four months ago in July. BTC is currently the eighth largest asset on the planet with silver, gold, and the top five companies by market cap above it. That total market capitalization has now topped $3 trillion, having gained almost 300% since the beginning of the year. This means that altcoins have largely outperformed Bitcoin in 2021.