Crypto Asset Market Bullish in November, Bitcoin to Theter Set Records
By: Dupla Kartini
Saturday, November 30, 2024 16:27 WIB
MOMSMONEY.ID - The crypto asset market has been consolidating lately. However, looking back, the bullish trend in the crypto market throughout November has managed to set records for several crypto assets.
Here are some recent records in the crypto market:
1. Bitcoin
Citing data from coinmarketcap.com, Bitcoin (BTC) hit an all-time high (ATH) at US$$ 99,655 or equivalent to IDR 1.5 billion on November 23, 2024. However, recently the price has declined to around US$$ 96,900 until Saturday (11/30) at 15:28 WIB.
Throughout November, the price of BTC has jumped 40.8%. Thus, setting a record as the largest monthly increase in the history of this pioneering crypto asset.
Bitcoin's market capitalization, which has increased to US$$ 1.9 trillion, has also boosted the global crypto market capitalization to now reach US$$ 3.4 trillion.
2. Theter (USDT)
According to records from crypto asset trader Indodax, the stablecoin Theter (USDT) also made new history. The stablecoin market capitalization recorded a record high of US$ 195 billion or around Rp3,016 trillion. This was driven by an increase in demand for stable digital assets amid market volatility.
Quoting coinmarketcap.com, Saturday (11/30) at 15.54 WIB, USDT was priced at US$ 1, up 0.06% in the last 24 hours.
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3. Altcoin
A positive trend was also seen in the altcoin segment, such as Ethereum (ETH) and Solana (SOL). Both rose sharply along with the price of Bitcoin.
Ethereum and Solana prices have risen more than 50% since Donald Trump was elected president of the United States. Trump's victory was welcomed by the crypto market, as he is believed to be pro-crypto.
Solana hit an all-time high of US$$ 263.84 on November 23.Meanwhile, Ethereum is currently at its highest price level in the last six months. ETH is priced at US$ 3.684