Bitcoin traded at $68,500 on November 9 morning hours, while Ethereum claimed $4,857, both record highs on a robust bullish run.
Exchanges reported declining balances due to massive outflows even at record Bitcoin prices as investor confidence on the world’s largest cryptocurrency continues to rise.
Bitcoin is now up 12% in the last one week, slightly more than Ethereum’s 11% and is up 24% in the last 30 days. The prices have more than doubled since its dip on July 21 when it traded below $30,000.
Bitcoin’s continued rise means that it has outperformed gold since the start of the year. The former has gained 136% this year against a loss of 3.7% on gold.
Bitcoin market cap is now $1.29 trillion, more than Tesla’s $1.16 trillion, ranking it as the eighth largest asset. It is now about 41.8% of the total crypto market cap.
BTCUSD is up +0.41%, ETHUSD is down -0.18%.
