Bitcoin, the largest cryptocurrency in the world by market capitalization, recorded the largest daily gain in history on November 11. In one day, the crypto king was able to increase in price by $8,343. The previous record was set on February 8, 2021. At that time, the leading cryptocurrency rose by $7,576 in one day, jumping from $38,871 to $46,448. This was the day when electric vehicle manufacturer Tesla stunned market participants by announcing the purchase of bitcoins worth $1.5 billion.

The next three largest daily gains were recorded during this year. In 2024, bitcoin ETFs emerged as a powerful bullish narrative. In particular, spot bitcoin ETFs saw an inflow of funds amounting to $3.5 billion in just four trading sessions.❤️