Categories: Market

Bitcoin and Ethereum prices both hit new highs

Bitcoin and Ethereum prices both hit new highs.

On the morning of September 11th, the cryptocurrency market was excited as Bitcoin and Ethereum prices hit new milestones.

According to CoinMarketCap data, both Bitcoin and Ethereum prices hit new highs at $ 67,657/ dong and $ 4,817/Copper. In particular, the breakout of a number of leading coins has helped the cryptocurrency’s market capitalization surpass historic milestones. 3,000 Billion USD.

In terms of Bitcoin, this cryptocurrency has risen 6.91% in the last 24 hours, which has pushed capitalization to the threshold 1,273 Billion USD. The trading volume is suddenly high if you stay above it 41 Billion USD, an increase of 67.06%. Thus, the Bitcoin price has increased by 10.6% in the last 7 days.

This is the 2nd time in a year that Bitcoin has hit a new high after the old record time $ 64,000/ dong in April, before that Bitcoin had a strong correction and fell below the threshold $ 59,000/Copper.

According to Edward Moya, a financial expert with consulting firm Oanda, the FOMC’s announcements that it is tightening economic-boosting policies and the Fed’s scaling back on its asset-buying program are the reasons holding back Bitcoin’s momentum.

The world’s two largest cryptocurrencies broke in value on the morning of September 11th. Photo: CoinMarketCap.

For Ethereum, this is the third time in November that the coin has hit a new high. Ethereum has impressive growth momentum as it continually breaks resistance. Overall, the Ethereum price has increased 11% in the last 7 days, the 24-hour trading volume also increased 41.3%. Thus, the capitalization of Ethereum remains on the threshold of 567 Billion USD.

In addition to Bitcoin and Ethereum, Solana also caught investors’ attention when it rose 25.07% in the past 7 days and is now around the threshold. 252.84 USD/Copper. When reaching upper / lower case 75.6 Billion USD, this coin outperformed the stable coins Tether (USDT) and Cardano (ADA) and climbed to 4th place at the top of the coin in terms of capitalization.

After a number of days of dizzying price hikes, the Shiba Inu coin has slipped out of the top 10 largest digital currencies in the world. The price of this memecoin is falling continuously and is currently being traded at 0.00005562 USD/ dong, which is 22.35% less than in the previous 7 days.

Mink Khanh

ZING

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.