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Today (November 11, 2024), Bitcoin (BTC) has once again hit a new all-time high, breaking through the $81,000 mark! With the BTC price reaching a peak of $81,858.29, the market sentiment has turned to "greed", and the Fear and Greed Index has soared to 79, reflecting the market's extreme optimism. The total market capitalization has also risen to a staggering $2.71 trillion, with Bitcoin's dominance expanding to 59.4%.
Driven by macroeconomic changes, BTC trading volume has surged by 92.36%, with a market capitalization of $1.6 trillion. Particularly, Trump's victory, the surge in futures premiums, and the frenetic betting of $1.6 billion in unresolved options have further boosted BTC's growth momentum. The inflow of ETF funds is also not to be overlooked, with $1.63 billion injected in recent days.
Key Altcoin Analysis
PEPE
PEPE, as one of the current popular MEME coins, has recently performed brilliantly in the cryptocurrency market. For investors who are passionate about the MEME coin concept, PEPE is undoubtedly a focus of attention.
From a historical perspective, PEPE has shown strong market activity since its inception. Recently, the coin has experienced a significant upward trend, not only with a rise in price, but also a steady increase in trading volume. This positive trend indicates the market's strong confidence and high attention to PEPE.
From a technical analysis perspective, PEPE's chart presents a strong upward trend. Although the price fluctuations are relatively large, its performance remains stable within the overall bullish market. This suggests that the coin has strong anti-risk ability and upside potential. For investors who already hold PEPE, it is necessary to continue to monitor its subsequent performance, as the coin has the potential to break through its previous highs again.
ORDI
ORDI is an Altcoin within the Bitcoin ecosystem that has also received widespread market attention recently. With Bitcoin's price breaking through the $80,000 mark, the related coins have been enthusiastically pursued by the market.
ORDI's market capitalization is stable at around $680 million, and its latest price is also steadily rising. From a technical analysis perspective, the coin has significant upside potential, and its price is expected to surge to around $105 in the future. For investors who are optimistic about the Bitcoin ecosystem, ORDI is undoubtedly a coin worth paying attention to.
NEIRO
NEIRO has performed remarkably strong recently, with its price soaring by a staggering 94% over the past four days, setting new highs every day.
From the market reaction, the bullish sentiment for this coin is very strong. Technical analysis shows that NEIRO has significant upside potential within the MEME coin sector, and its price is expected to continue rising in the future. In the crypto industry, if you want to seize the next bull market opportunity, you need to have a high-quality circle, WeChat: alpha6858
