The crypto market is up today as investors view spot Bitcoin ETF inflows and the outcome of last week’s US elections as catalysts for bullish market momentum.
The total crypto market capitalization is up 1.85% over the last 24 hours to rest at $2.77 trillion on Nov. 11. The overall trading volume has also jumped 75% on the day to $235 billion, reinforcing November’s bullish momentum.
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has risen 2.8% over the last 24 hours to trade at $81,587, just below the $81,858 all-time high set during the early Asian trading hours on Nov. 11.
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