The total market capitalization of digital assets is $2.83 trillion. The Bitcoin dominance index is 58.9%.
According to Coinglass, the total volume of liquidated positions over the day was $385 million. Of this, $280 million was from shorts.
On Sunday, November 10, the quotes of the first cryptocurrency updated the historical maximum at $79,788.
At the time of writing, Bitcoin is trading at $78,900.
Following the first cryptocurrency, other digital assets in the top 10 by market capitalization also continued to rise. Cardano (+32.1%) and Dogecoin (+10.4%) gained the most over the day.
Bitcoin's early follower, Tour Demestr, urged investors to refrain from impulsive decisions.
‘Bitcoin at $79,000, ATH. Attention, guys, this is just the beginning. It's time to be right and sit tight. No need for hasty actions, HODL does the work for you,’ he wrote.
Expert Checkmate shared bullish sentiments. According to him, despite the new highs of the first cryptocurrency, the distance between the price and the 200 DMA is still ‘cool.’
‘The Mayer Multiple Z-Score indicator is just slightly above zero, indicating we are close to the long-term average (with plenty of room for growth). I like to see this,’ he wrote.
On Wednesday, November 6, the quotes of the first cryptocurrency updated the historical maximum at $75,000. The next day, digital gold consolidated above the $76,000 level amid another Fed rate cut.
Recall that on November 9, Bitcoin once again broke the ATH above $77,000.
Earlier, Fundstrat co-founder Tom Lee predicted the first cryptocurrency would rise above $100,000 by the end of 2024.