Bitcoin soared by nearly $20,000 in ten days, reaching an all-time high of $89.6K

Bitcoin has experienced a remarkable surge, with an increase close to $20,000 in just ten days to reach an all-time high (ATH) of $89.6K on November 11, 2024. This rapid rise depicts the potential of cryptocurrency markets, with Bitcoin leading the charge as the world's most recognised digital asset. The recent price movement shows a growing interest in Bitcoin as an investment asset.

Source:
Coinmarketcap
Period:
2024
HTML code to embed chart
Want a bespoke report?
Reach out

Click to copy HTML embed code

Tags
Related Insights
Binance tripled its annual user base between 2021 and 2022
Since its inception, Binance has demonstrated remarkable growth, ending its first year with 1.5 million users and increasing its user base nearly eightfold the following year. Over six years, it has established itself as the largest cryptocurrency exchange in the world, reaching 150 million users by 2023. This growth highlights Binance's significant impact on the global crypto market and its commitment to expanding access to digital assets.
Bitcoin has recorded new all-time high prices in six different years between 2010 and 2024
Bitcoin has seen remarkable growth since 2010. Starting from a high of just $0.5 in 2010, it reached an all-time high of $73.7k in March 2024. It recorded new peaks in 2011, 2013, 2017, 2020, 2021, and recently in 2024.
Bitcoin, the flagship cryptocurrency, has hit an all-time-high of $72,000 as of March 11, 2024
Bitcoin, the flagship cryptocurrency, has hit an all-time-high of $72,000 as of March 11, 2024, signifying a bull run in the crypto market.
The prices of Bitcoin since the FTX saga hit the cryptocurrency industry
FTX, one of the biggest crypto exchanges in the world, went bankrupt. Before its bankruptcy, the price of Bitcoin rose to $21,000 and fell back to $19,000 on November 7, 2022, when Binance CEO, Changpeng Zhao revealed that his company would be selling off FTX's native coin, FTT.
Bitcoin prices fluctuation from August 2014 to November 15, 2022
In 2017, the price of Bitcoin suffered a hit when it crashed following a huge crypto boom that saw the price go from $400 in 2016 to $19,118 in 2017. Bitcoin went down to $3,000 in 2018, losing 447% of the value it had accumulated in 2017. By 2019, the market saw a positive trend with the price of bitcoin reaching $36,833.
Bitcoin price have dropped by more than half between March and November 2022
The price of Bitcoin went from $46k in March 2020 to $17k in November of the same year, a 63% drop in eight months.
POPULAR TOPICS
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form
A product of Techpoint Africa. All rights reserved