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Home Blockchain

Bitcoin Hits $76,940 as Realized Cap Soars to $656 Billion

by DigestWire member
November 8, 2024
in Blockchain, Crypto Market, Cryptocurrency
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Bitcoin Hits $76,940 as Realized Cap Soars to $656 Billion
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Bitcoins Market Value Signals More Growth—Is $150K Near

The post Bitcoin Hits $76,940 as Realized Cap Soars to $656 Billion appeared first on Coinpedia Fintech News

After hitting an all-time high of $76,940, Bitcoin’s market strength is on the rise. Its Realized Cap has jumped by 3.8% over the past 30 days, reaching a record high of $656 billion. This surge marks one of the biggest inflow levels since January 2023, with $2.5 billion of net capital inflow over the month. The Realized Cap, which measures Bitcoin’s value based on the last price each coin moved, highlights increasing investor confidence and market activity. This positive trend hints that Bitcoin’s momentum could continue, potentially boosting the wider crypto market. With these positive trends, Bitcoin’s momentum could signal even more gains ahead for the crypto space.

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