Suddenly, Bitcoin hits new all-time high after $2K gains in minutes


Bitcoin (BTC) surprised everyone on November 10 when the BTC price movement suddenly hit new records. The Bitcoin price spike also coincided with news that US inflation hit a 30-year high in October, according to the Wall Street Journal.

1 hour light chart BTC / USD (bit print). Source: TradingView
Bitcoin and Ether are unabated
Data from Cointelegraph Markets Pro and TradingView recorded a rapid change in the BTC / USD rate, which reached $ 2,000 in just 45 minutes.

In line with several similar moves in recent weeks, Bitcoin not only reversed its previous short-term downtrend but also dipped to its previous all-time high of $ 68,564.

There was no volatility at the time of writing when $ 69,000 emerged, and with it the potential for a psychologically significant $ 70,000 mark.

As Cointelegraph reports, there was a good level on traders’ radar, which believed that any correction in the meantime would end in a new rally.

“Wake up tirelessly,” popular merchant Bentucci replied.

“No decline has been identified, only a trend towards BTC and ETH in US dollars from 40.7 thousand. With a short period of consolidation.
The accompanying chart describes the $ 40,000 area as possibly the “last fall ever” when Bitcoin is currently in pricing mode.

Detailed BTC / USD price chart. Source: Pentoshi / Twitter
ETH copies bitcoins with a new record
Ether (ETH), Binance Coin (BNB) and XRP also reversed their bearish stance as sentiment shifted rapidly throughout the day.

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ETH / USD is tracking Bitcoin to its own record of $ 4,868, which is still closer to the $ 5,000 limit.

1-hour light chart ETH / USD (bit print). Source: TradingView
As of this writing, US markets have yet to open as traders have been eyeing Tesla after the November 9 selloff caused a negative impact on crypto markets.

Source: CoinTelegraph


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