![图片[1]-Bitcoin hits a new all-time high! Dogecoin multiplies several times in a week, and the crypto market sees an astonishing surge.-OzABC](https://www.ozabc.com/wp-content/uploads/2024-11-11-102907.png)
The cryptocurrency market, which trades 24/7, 365 days a year, has once again seen an astonishing surge. Bitcoin hit a new all-time high of $81,730 this morning, Ethereum climbed to $3,200, and the two most volatile cryptocurrencies, DOGE and SHIB, rose by more than 20% in a single day. DOGE has nearly doubled in a week.
![图片[2]-Bitcoin hits a new all-time high! Dogecoin multiplies several times in a week, and the crypto market sees an astonishing surge.-OzABC](https://www.ozabc.com/wp-content/uploads/螢幕擷取畫面-2024-11-11-095921.png)
Bitcoin hits new highs daily, reaching $81,730 this morning.
Bitcoin has been hitting new highs daily since Trump’s election. Michael Saylor, founder of MicroStrategy, stated in an interview that no Bitcoin holder has lost money in the past four years.
The cryptocurrency market, which trades 24/7, 365 days a year, saw another astonishing surge over the weekend, with Bitcoin reaching a new all-time high of $81,730 this morning.
![图片[3]-Bitcoin hits a new all-time high! Dogecoin multiplies several times in a week, and the crypto market sees an astonishing surge.-OzABC](https://www.ozabc.com/wp-content/uploads/螢幕擷取畫面-2024-11-11-101018.png)
Ethereum (ETH) climbs above $3,200; ETH/BTC rises 10% in a week
ETH’s gains this year have significantly lagged behind Bitcoin’s. While Bitcoin has recently hit record highs, Ethereum still needs to rise more than 50% to reach its 2021 all-time high of $4,868! However, recent news includes reports of BitMEX founder Arthur Hayes buying ETH, a surge in whale transactions on Ethereum, and Tether issuing 4 billion new USDT on the Ethereum blockchain.
Ethereum also climbed above $3,200 today. The ETH/BTC ratio, a key indicator of the relative strength of ETH and BTC, has started to catch up in the past week, rising 10.9%. With its numerous niche applications and uses in real-world assets (RWA), will Ethereum have more catalysts to help it challenge new highs?
Cardano Founder Plans to Establish Policy Office, ADA Surges 80% in One Week
Cardano founder Charles Hoskinson announced plans to establish a policy office in Washington, D.C., to bridge communication gaps with Washington lawmakers. This caused the Cardano (ADA) token price to surge 81% in a week, reaching $0.6044.
DOGE Doubles in One Week, SHIB Rises Over 60%
Elon Musk, the American business tycoon who publicly supported Trump, previously agreed to lead Trump’s newly established Department of Government Efficiency (DOGE), coincidentally named after Dogecoin. Musk, who has frequently used Dogecoin as a meme, often triggers surges in Dogecoin prices with his posts.
DOGE also benefited from this election-driven rally, surging 99% in a week to a record high and jumping to fifth place in the cryptocurrency market capitalization rankings.
SHIB, another Shiba Inu coin, also rose by 61%, proving that when one coin succeeds, all its followers benefit. SHIB has also jumped to eighth place in the cryptocurrency market capitalization rankings.
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