Witness history! Bitcoin breaks through $89,000, cryptos concept stocks soar across the board.
Digital currencies started to surge fiercely over the weekend and continued to accelerate on Monday. The top digital currencies by market cap all skyrocketed. Ethereum and Solana both saw a cumulative increase of about 40% in the past 7 days, higher than Bitcoin's 31%. Dogecoin, supported by Musk, doubled in value over the week. Major Bitcoin holder MicroStrategy stated that it spent approximately $2.03 billion to buy around 0.0272 million bitcoins, marking the largest purchase since December 2020. Blackrock's Bitcoin ETF IBIT has an asset under management exceeding one of the largest gold ETFs, IAU.
U.S. stock market anomaly: Cryptocurrency concept stocks soar collectively, with CleanSpark surging nearly 30%.
November 12th, Graspnews｜Concept stocks of digital currencies surged collectively, with MARA Holdings and CleanSpark soaring nearly 30%, Bit Digital up over 26%, MicroStrategy up over 25%, Coinbase up nearly 20%, Riot Platforms and Iris Energy both up over 16%. In terms of news, bitcoin continued to rise, breaking through the $0.089 million mark, facing the challenge of the $0.09 million mark. At the same time, the total market value of cryptos worldwide has exceeded the record set in November 2021.
Bitcoin Record Lifts Crypto Market Value Past Pandemic-Era Peak
Express News | Trump is looking for candidates to support cryptos for financial institutions.
Top 20 Transaction Amount | Tesla rose nearly 9%, with a transaction volume of $72.32 billion; pharmaceutical company AbbVie fell by 12.57%.
On Monday, the U.S. stock market ranked 10th in sales with salesforce up by 6.14%, trading at 4.729 billion US dollars; and ranked 16th, MARA, a bitcoin concept stock, up by 29.92%, trading at 2.953 billion US dollars.
How High Can Bitcoin Go? Prediction Markets Suggest $100K