Bitcoin - Overview from 12.11.2024

Financial and commodity markets analytics


The market capitalization of the cryptocurrency market

has reached a new historical high of $3.12 trillion. On November 11, the total market capitalization of the crypto market increased by 7% per day, mainly thanks to a sharp jump in the price of Bitcoin, which almost rose to $90,000. At the moment, considering sales is risky due to the absence of any target zones, upon reaching which positions should be eliminated, as well as due to the lack of fundamental reasons for sales. However, short-term purchases from the current levels also carry risks, since, given the average statistical volatility of the instrument, there is a probability of a correctional price decrease in the near future.