Bitcoin hit an all-time high of USD68,513 on November 9, at the opening of trading in Asia, surpassing USD3 trillion recorded on Monday.
This current record surpasses the previous record high set in late October when bitcoin reached nearly USD67,700 before dropping back again when investors switched to a new cryptocurrency, Shiba Inu.
For today, Bitcoin rose by 3.2% to USD68,513 around 9 a.m., while ethereum, the second-largest cryptocurrency, has also increased by 1.6% to reach USD4,814.
The cryptocurrency market reached at 10 a.m. USD3.081 billion, according to CoinGecko’s website, which tracks the market for more than 10,000 cryptocurrencies.
Cryptocurrencies are volatile, trading up and down like seesaws, often based on meme tweets from Tesla CEO Elon Musk.
Recently, El Salvador was the first country in the world to adopt bitcoin as a legal tender, in September.
El Salvador’s government is betting that through the use of Bitcoin as legal tender, new investments may be attracted. Authorities also hope to reduce commissions paid for sending remittances from abroad.
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