Crypto Price Today: Bitcoin Hits New All Time High of $81,000, Market Highly Volatile

Bitcoin is priced at $81,500 (roughly Rs. 68.7 lakh) on global exchanges.

Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 11 November 2024 12:38 IST

Crypto Price Today: Bitcoin Hits New All Time High of $81,000, Market Highly Volatile

Photo Credit: Pixabay/ Dean Crosby

Presently, the crypto market cap is valued at $2.73 trillion

Highlights

Avalanche, Litecoin saw losses
Polkadot, Near Protocol saw gains
Ripple, Cardano saw profits

The crypto market has experienced significant volatility since November 5, following the election of Donald Trump as the 47th President of the US. Bitcoin has surged to a new all-time high, trading above $81,000 (roughly Rs. 68.3 lakh) over the weekend. At the time of writing, Bitcoin is priced at $81,500 (roughly Rs. 68.7 lakh) on global exchanges, according to data from CoinMarketCap. Over the past 24 hours, Bitcoin's value has climbed by approximately three percent, reaching this significant price milestone. On Indian exchanges, BTC is currently trading at $81,709 (roughly Rs. 68.9 lakh) as of Monday, November 11.

“Bitcoin surged to an all-time high of over $81,000 (roughly Rs. 68.3 lakh) driven by Donald Trump's victory in the US and the election of pro-crypto candidates to Congress. This political change has raised hopes for a more favorable regulatory landscape and fewer limitations on cryptocurrency markets,” Shivam Thakral, CEO of BuyUcoin told Gadgets360 explaining the Trump-Bitcoin connection. “It is anticipated that this newly supportive legislative landscape could stimulate innovation and adoption within the industry. Investors are hopeful about the possibility of long-term growth and stability in the cryptocurrency space as confidence rises.”

Ether underwent a minor dip of under one percent on Monday on both national and international exchanges. At the time of writing, ETH was trading at $3,170 (roughly Rs. 2.67 lakh) on global exchanges whereas in India, the asset is priced $3,306 (roughly Rs. 2.79 lakh), showed the crypto price tracker by Gadgets360. It is noteworthy that Ether has exceeded the mark of $3,000 (roughly Rs. 2.53 lakh) for the first time this year.

Samsung Wins Patent for a Tri-Fold Smartphone With Specialised Barrier Layer for Improved Durability

“Ethereum has also rallied amid positive sentiment following Bitcoin's latest peak. This upward momentum may fuel price action across broader markets,” said Mudrex CEO Edul Patel.

Dogecoin, USD Coin, Ripple, Cardano, Tron, and Shiba Inu saw profits.

Polkadot, Near Protocol, Cronos, Stellar, Bitcoin SV, and Polygon also registered price surges tailing behind BTC on the crypto chart.

UBS Completes Pilot of Blockchain Solution for Tokenised Assets

The overall crypto market grew by 1.42 percent in the last 24 hours, as per CoinMarketCap. Presently, the crypto market cap has come to the mark of $2.73 trillion (roughly Rs. 2,30,37,294 crore), showed CoinMarketCap.
Tether, Solana, Binance Coin, Avalanche, Litecoin, and Leo reflected losses on the price charts.

Monero, Iota, and Binance USD are also trading sideways amid the volatility.

“The $100,000 (roughly Rs. 84.3 lakh) mark is indeed the next major psychological milestone for Bitcoin and reaching it could be fueled by further institutional inflows, ETF expansion, and supportive regulatory shifts. This momentum, combined with Bitcoin's unique fundamentals of scarcity, decentralisation, and institutional acceptance, makes it a compelling asset in diversified portfolios,” said Sumit Gupta, co-founder of CoinDCX while suggesting investors to take researched decisions before engaging with the volatile market at the time.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Affiliate links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Cryptocurrency, Bitcoin, Ether, Tether, USD Coin, Ripple, Binance USD, Binance Coin, Cardano, Polygon, Solana, Polkadot, Dogecoin, Shiba Inu, Litecoin, Uniswap, Tron, Monero, Dash, Bitcoin Cash, Flex, Cartesi, Braintrust, Kishu Inu, Circuits of Value, Qutm, Wrapped Bitcoin, Zcash

Radhika Parashar

Email Radhika

Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More