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Bitcoin Hits $97k as Rally Continues

Twitter icon  •  Published 1 year ago on November 21, 2024  •  Hassan Maishera

Bitcoin has crossed the $97k mark after adding more than 4% to its value as the market rally continues.

Bitcoin Hits $97k as Rally Continues

TL;DR

  • Bitcoin is approaching the $100k mark after setting a new all-time high above $97k.

  • The rally has seen Bitcoin’s total market cap approach $2 trillion.

BTC Hits $97k

Bitcoin, the leading cryptocurrency by market cap, has continued its rally, hitting the $97k mark in the last 24 hours. BTC set a new all-time high of $97,862 after rallying by more than 4% in the last 24 hours.

The coin has now retraced and currently trades at $96,997 per coin. If the bullish momentum continues, Bitcoin could target the $100k psychological level in the coming hours or days.

Thanks to this rally, the total Bitcoin market cap now stands at $1.92 trillion. This implies that Bitcoin’s dominance level now stands at 60%. 

While Bitcoin is rallying, altcoins are still experiencing mixed performances. Bitcoin Cash (BCH) is the best performer amongst the top 20 cryptocurrencies by market cap, up 17% in the last 24 hours.

Meanwhile, Ether is up less than 1% and now trades at $3,132 per coin. Thanks to Bitcoin’s rally, the total cryptocurrency market cap now stands at $3.18 trillion.

 

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Author

Read Hassan Maishera's articles →
Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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