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Bitcoin Nears All-Time High, Surpassing $71,000 as the Entire Crypto Market Rallies

Bitcoin Nears All-Time High, Surpassing $71,000 as the Entire Crypto Market Rallies

CoinEditionCoinEdition2024/10/28 16:00
By:Parth Dubey

Bitcoin broke the $71,000 price level and reached a daily high of $71,475. Ethereum also surged 5% and reclaimed the $2,600 price level. DOGE rose a massive 14.87% while MOG rose 15% as well.

  • Bitcoin broke the $71,000 price level and reached a daily high of $71,475.
  • Ethereum also surged 5% and reclaimed the $2,600 price level.
  • DOGE rose a massive 14.87% while MOG rose 15% as well.

Bitcoin (BTC) has broken above the $71,000 price level and is approaching its all-time high of $73,750. The cryptocurrency faces strong resistance above $70,000.

According to CoinMarketCap , Bitcoin is trading at $71,355.40, up 5.17% in the past 24 hours, and is 3.38% away from its all-time high. The digital asset dropped to a daily low of $67,535.13 before rising to a high of $71,475.47. Bitcoin is up 5.80% over the past seven days and 8.41% in the last 30 days.

The market cap of Bitcoin also surged to a monumental $1.4 trillion as the trading volume of BTC rose 148.05% to $44.66 billion. Moreover, BTC’s price has increased 109.58% since October last year. 

Ethereum and Meme Coin Performance

Bitcoin’s closest rival Ethereum (ETH) also rose by more than 5% in the past day and is trading at $2,614.34 at the time of writing, down 46.54% from its all-time high of $4,891.70 witnessed during the previous bull run in 2021. 

Meme coins rose massively in the past 24 hours with sector leader Dogecoin (DOGE) rising 14.86% to $0.1663. DOGE achieved a market cap of $24.36 billion while outperforming its rival Shiba Inu (SHIB), which surged 7.78% to $0.00001843 in the same period.

Read also: AI Memecoins Gain Traction: GOAT, TURBO, and KOKO Analyzed

Pepe (PEPE), dogwifhat (WIF), and Popcat (POPCAT) have increased by 6.20%, 5.32%, and 11.71%, respectively. They are trading at $0.059557, $2.57, and $1.65, respectively.

Another meme coin worth mentioning is Mog Coin (MOG), which skyrocketed 15% to $0.051938 in the past 24 hours and is just 20.19% down from its all-time high of $0.052445 seen in July this year.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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