On the evening of November 7, the quotes of the first cryptocurrency once again broke through the $35,000 level. At the moment, the rate reached $35,888 (on Binance).
Bitcoin is currently trading at around $35,200.
In recent days, the asset has repeatedly broken through the $35,000 level. However, it was unable to gain a foothold above it.
In 7 days, Bitcoin rose in price by 2.3%, according to CoinGecko. In the top 10 coins by capitalization during this period, Cardano (ADA) gained the most — 22.2%. Toncoin (TON), XRP and Solana (SOL) also showed significant growth.
The total market capitalization increased to $1.39 trillion. Amid the rally of leading altcoins, the digital gold dominance index dropped to 49.8%. In early November, the rate reached two-year highs above 51%.
Earlier, experts noted that large market participants are interested in Bitcoin breaking through the $36,000 level.
Let us recall that according to Rachel Lin, co-founder and CEO of the decentralized derivatives exchange SynFutures, the first cryptocurrency could reach $47,000 by the end of November.