Crypto News Today (Nov 8th, 2024): Bitcoin Building Pace for Another ATH?

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The crypto industry has displayed promising momentum, with a rise of 1.68% in the market capitalization, which has taken the numbers to $2.57 trillion. However, the intraday trading volume has shrunk down significantly by 29.11% to $132.15 billion. Amid the changes in the business, the Fear & Greed Index continues to highlight “Greed” with a score of 72.

Bitcoin Climbing to a New All-Time High?

Bitcoin price has continued to lead the rally, registering a 1.80% increase to $76,343.97. Though its 24-hour trading volume has dropped by 15.57%, BTC’s dominance holds firm at 58.7%. Bitcoin’s resilience and the anticipation of new financial regulations favoring digital assets, following Trump winning the elections has boosted hopes of another all-time high!

Curious about Bitcoin’s future trajectory? Visit our Bitcoin Price Prediction for expert insights.

Altcoin Watch: ETH and SOL Steal the Spotlight

Ethereum’s price has displayed a praiseworthy surge, rising by 3.98% to $2,930.24, holding its dominance at 13.7%. Solana, however, outperformed most with a remarkable 8.85% increase, reaching $204. XRP’s performance remained steady with a slight uptick of 0.16%, trading at $0.5515.

For Ethereum enthusiasts, don’t miss our Ethereum Price Prediction to explore ETH’s potential.

Top Movers & Losers

Leading the top 100 gainers, Cronos surged by 22.20% to $0.104, closely followed by Cardano, which jumped 16.47% to $0.4324. Neiro rounded out the top three, rising 12.96% to $0.002346. On the losing end, Mog Coin saw the biggest drop, down 8.90% to $0.0000002095, with Lido DAO and Ethena declining by 7.96% and 5.43%, respectively.

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