Bitcoin 
Ethereum 
Tether 
Solana 
BNB 
XRP 
Dogecoin 
Cardano 
USDC 
Lido Staked Ether 
TRON 
Avalanche 
Shiba Inu 
Toncoin 
Wrapped stETH 
Wrapped Bitcoin 
Stellar 
Polkadot 
Chainlink 
Bitcoin Cash 
Sui 
WETH 
Pepe 
LEO Token 
NEAR Protocol 
Litecoin 
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Uniswap 
Wrapped eETH 
Hedera 
Internet Computer 
Cronos 
USDS 
POL (ex-MATIC) 
Ethereum Classic 
Render 
Kaspa 
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Artificial Superintelligence Alliance 
VeChain 
Arbitrum 
WhiteBIT Coin 
dogwifhat 
Dai 
MANTRA 
Cosmos Hub 
Filecoin 
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Optimism 
Injective 
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Immutable 
FLOKI 
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The Graph 
Sei 
First Digital USD 
Bitget Token 
Binance-Peg WETH 
THORChain 
Theta Network 
Ethena 
Brett 
Rocket Pool ETH 
Raydium 
Mantle Staked Ether 
Worldcoin 
Coinbase Wrapped BTC 
Jupiter 
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Renzo Restaked ETH 
Maker 
Solv Protocol SolvBTC 
Arweave 
Bitcoin SV 
Gate 
GALA 
Polygon 
Marinade Staked SOL 
KuCoin 
BitTorrent 
Flow 
Beam 
Peanut the Squirrel 
Flare 
Starknet 
Lido DAO 
EOS 
Tezos 
JasmyCoin 
Helium 
The crypto market cap breached $3 trillion for the first time as majority of the cryptocurrencies traded in green. Bitcoin (BTC) rose to a new all-time-high of $68,530 rising by nearly $3,200 over the past 24-hours. BTC took the bullish charge on November 8 and rose to new ATH earlier today followed by a surge in the altcoins market.
BTC price surge came in the wake of heavy whale accumulation where big whales with wallet balance between 10K-100K BTC who accumulated 43K Bitcoin over the past 5 days. Ethereum (ETH) and rest of the crypto market also started surging earlier today with ETH hitting a new ATH of $4,837. Apart from Ethereum, Binance Coin (BNB, Solana (SOL), Cardano (ADA) and several other altcoins traded in green.
Did Rise in the Stock Market Led to Crypto Surge?
The traditional financial market has been reeling from the inflation fear and investors are looking for a better hedge against inflation. Market pundits believe investors search for a new inflation hedge has brought them to the crypto market as well as the stock market. The Asian market closed on a record high while the major European stocks surge to new highs as well.
Most investors are still waiting for the US Inflation data which could possible help the crypto market further. Bitcoin has emerged as the primary inflation hedge for even mainstream investors as visible during the last Covid wave in the first quarter of this year. At the time when gold and other inflation hedges were on a downturn, BTC rose to new highs and its doing something similar now as well.
“This breakout in bitcoin might signal the start of a final push-up for the fourth quarter before the crypto market shows more pronounced consolidation into next year. Strength in bitcoin, ethereum and many other altcoins looks likely in the weeks to come.” Fundstrat said in a report on Monday.