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The cryptocurrency market, led by Bitcoin (BTC) and Dogecoin (DOGE), registered palpable gains in the last 24 hours. The total crypto market cap rallied over 4 percent in the past 24 hours to hover about $2.9 trillion on Monday, November 11, during the early Asian session.
Bitcoin price rallied over 5 percent in the last 24 hours to reach a new all-time high (ATH) of about $81,672. As the altcoin market attempted to follow Bitcoin in a bullish outlook, the heightened crypto volatility led to more than $684 million being liquidated from leveraged traders in the last 24 hours.
Major Factors Driving Bitcoin Price Up
Bitcoin price and the entire crypto market have been reacting to macro conditions in the past few days, especially from the United States. On the top list, the election of pro-crypto candidates in the United States has rejuvenated the mainstream adoption of digital assets and web3 p
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