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Bitcoin Get Past $68,500, Hits New All Time Record High

Bitcoin, the oldest and biggest cryptocurrency, set a new record high of $68,564 on the Bitstamp exchange at 3:58 a.m. UTC.

Notably, It is seeing an 11.73% increase since the start of November. Of course, that’s after bitcoin amasses a 42.26% price increase in October.

More so, The top cryptocurrency, bitcoin, is now worth $1.289 trillion. Also, it’s currently close to surpassing the market cap of silver.

Currently, BTC market dominance spikes to 43.8% due to the price increase.

Furthermore, bitcoin touched $67,000 for the first time on Oct. 20.
That’s, after ProShares’s “BITO” ETF launch in the U.S.

Also, BTC has seen quick recovery after seeing 15% correction.

Lastly, this recent surge of course comes after Digital Currency Group CEO Barry Silbert jokes about “a big week” for the cryptocurrency market.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.