Ethereum price data from major exchanges like Coinbase or Binance

Bitcoin Surges to Record $85,000, Up $16,000 in 6 Days, Nears $100,000 Mark

Nov 11, 2024, 04:17 PM

Bitcoin has surged to unprecedented levels, reaching a new all-time high of $85,000. This milestone comes as digital asset inflows hit $1.98 billion post-US election, driving global assets under management to a record $116 billion. Bitcoin led the inflows with $1.8 billion, while Ethereum saw its highest inflows since July at $157 million. The surge in Bitcoin's value has also propelled U.S. crypto stocks, with Coinbase Global up 10%, Bitfarms up 12%, Riot Platforms up 9.6%, Hut 8 Mining up 7.5%, and ProShares Bitcoin Strategy ETF up 7.3%. Bitcoin's price has increased by $16,000 in just six days and is now only $15,000 away from the $100,000 mark. The cryptocurrency has almost doubled in value since January and is up 53% over the last two months. Bitcoin previously set a record above $82,000 and has seen digital asset funds hit record $31.3 billion inflows.