Bitcoin hits new all-time high, approaches critical meme target of $69,420
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Bitcoin this morning smashed through its all-time high like it was nothing – and shows no signs of stopping.
The original crypto was up 4.2 per cent to US$67,527 at noon (Sydney time), and had traded as high as US$67,772 a quarter-hour earlier.
#Bitcoin just sliced through $67,000 like it wasn’t even there. The sell orders were simply incinerated. Trust me, it was crazy. I was there.
— Mike Alfred (@mikealfred) November 8, 2021
Every single person that has ever bought Bitcoin and held it until today is now in profit 🔥
— Joe Pompliano (@JoePompliano) November 8, 2021
— sns_trader (@sns_trader) November 8, 2021
BTC’s previous peak was just under US$66,700, set early on October 21.
Its next stop could be a five-digit combination of two numbers code for, er, oral sex and cannabis.
The internet breaks when we hit $69,420 bitcoin price.
— Pomp 🌪 (@APompliano) November 9, 2021
Bitcoin at $69,420 will the most iconic price ever.
6 + 9 + 4 + 2 + 0 = 21
— Camila Campton ⚡️ (@camilacampton) November 9, 2021
— Derek Ross 🌋⚡ (@derekmross) November 9, 2021
Ethereum was changing hands for US$4,788, up 2.1 per cent from yesterday. It hit an all-time peak of US$4,833 yesterday afternoon.
The total crypto market was up 2.75 per cent to US$2.92 trillion, according to Coinmarketcap.
Twenty of the top 100 coins were in the red, with Kusama the biggest loser, falling 4.2 per cent to US$479.
Loopring was the biggest gainer, pumping 39.5 per cent to US$ 2.05.
The layer 2 scaling solution for Ethereum is up more than fivefold in the past 12 days on rumours of a partnership with Gamestop. It’s currently the No. 62 crypto.
Basic Attention Token had gained by nearly a third and Litecoin, VeChain, KuCoin Token, Neo and Dash were all up between 17 and 12 per cent.
Smaller tokens Radix, Ultra (UOS) and DigitalBits had all joined BTC in setting new all-time highs.