Price: $0.43962 6.6236%
Market Cap: 64.59B 1.9276%
Volume (24h): 21.38B 0.4%
Dominance: 1.9276%
Price: $0.43962 6.6236%
Market Cap: 64.59B 1.9276%
Volume (24h): 21.38B 0.4%
Dominance: 1.9276% 1.9276%
  • Price: $0.43962 6.6236%
  • Market Cap: 64.59B 1.9276%
  • Volume (24h): 21.38B 0.4%
  • Dominance: 1.9276% 1.9276%
  • Price: $0.43962 6.6236%
Home > Information news > Bitcoin Miners Cash In as BTC Soars Past $90K Milestone

Bitcoin Miners Cash In as BTC Soars Past $90K Milestone

Release: 2024/11/14 22:39 Reading: 945

Original author:Todayq News

Original source:https://coinmarketcap.com/community/articles/673604a6dacac0499fff6a54

Bitcoin Miners Cash In as BTC Soars Past $90K Milestone

Significant Surge in Bitcoin Prices Exceeds $90K Mark

Within the past 24 hours, Bitcoin prices have witnessed a remarkable surge, registering a growth of 7% and surpassing the $90,000 threshold. Market analysts predict continued upward momentum, although the $100,000 milestone may present a challenge. However, they envision Bitcoin reaching unprecedented heights by 2025.

On-Chain Transactions Reveal Multi-Million Dollar Gains

On-chain activity indicates that numerous Bitcoin investors have reaped significant profits after the $90,000 mark was broken. CryptoQuant's Research Head reports that Bitcoin miners have been cashing in on their holdings, transferring substantial amounts (around 25,000 BTC) to exchanges and payment aggregators in the past 24 hours.

Market Dominance and Future Prospects

As of the time of writing, Bitcoin trades at $90,956, with a 24-hour high of $93,233. Its market capitalization has reached $1.79 million, representing a 3.47% increase. Experts believe that this capitalization may eventually exceed the gross domestic product of certain developing and underdeveloped nations.

Earlier this year, Bitcoin miners reported a significant increase in their BTC holdings following the April halving event. BTC/USDT and BTC/FDUSD remain the most actively traded Bitcoin pairs intraday. Moreover, its prices have maintained a steady trend above 20, 50, 100, and 200-day exponential moving averages.

Overall Cryptocurrency Dynamics

According to CoinMarketCap, Bitcoin's trading price has risen by 20.98% in the past week and 38% in the past month. The total cryptocurrency market capitalization has also seen a 2.91% increase in the last 24 hours, now standing at $2.98 trillion.

Winners and Losers in the Market

Pepe (Pepe) leads the list of intraday gainers, with a remarkable 59.76% growth to reach $0.00002126. Other notable gainers include Mog coin, Dogwifhat, Brett, Popcat, Bitcoin SV, and Bonk.

Aerodrome Finance, Maker, Aptos, Bittensor, Kaspa, Cronos, and Celestia Artificial Intelligence Alliance have experienced significant price declines, reflecting the volatility of the cryptocurrency market.

Ethereum's Surge and Regulatory Concerns

Following Trump's victory, Ethereum prices have also witnessed a boost, surpassing $3,100. At the time of publication, Ethereum traded at $3,182, reflecting a weekly gain of 12% and a monthly gain of 22%.

The recent upsurge in cryptocurrency prices has sparked concerns among enforcement agencies and regulators regarding potential illegal activities or money laundering. Reports indicate that the FBI has seized electronics from the CEO of Polymarket following allegations of manipulation and preferential treatment of Trump in the platform's election predictions.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.