Bitcoin surprised everyone on November 10th when the price suddenly hit a new all-time high. The move also coincided with news that US inflation hit a 30-year high in October, the Wall Street Journal reported.

BTC 1-Hour Candlestick Chart (Bitstamp) | Source: TradingView

Bitcoin and ETH “always in the price”

Data from TradingView captured the rapid movement of BTC, which skyrocketed to $ 2,000 in just 45 minutes.

Along with many other similar moves over the past few weeks, Bitcoin has not only reversed its short-term downtrend, but also surpassed its previous record high of $ 68,564.

Dealer Michaël van de Poppe soon too To update New ATH for followers:

“New all-time high”.

At the time of writing, volatility is still ongoing as price has broken the $ 69,000 mark and is heading towards the key psychological level of $ 70,000.

Traders watch this level with the belief that any correction in the meantime will lead to a new uptrend.

The famous dealer Pentoshi updates the situation:

“Continuous increase. No declines, favorable trends for BTC and ETH since 40,700 USD with a little consolidation phase. Will the bear appear? “

The attached graphic shows the $ 40,000 region as a possible “last drop”, with Bitcoin currently in pricing mode.

BTC Price Chart | The source: Pentoshi

ETH follows Bitcoin obtain new record high

ETH, BNB and XRP have also reversed the downtrend as sentiment changes rapidly during the day.

Following in the footsteps of Bitcoin, ETH hit a new all-time high of $ 4,878 – and is getting closer and closer to the $ 5,000 mark.

ETH price chart 1 hour (Bitstamp) | Source: TradingView

U.S. markets remain open at press time, and traders are keeping an eye on Tesla (TSLA) after Tuesday’s sell-off hit crypto markets badly.

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