Bitcoin almost touches $70,000, DOGE and SHIB dip

Bitcoin, the world’s largest cryptocurrency touched the all time high of $69,000 on Wednesday November 10, 2021. The prices are still soaring although it fell from the ATH (All Time High) mark. The crypto is up by 2.68% in the past 24 hours.

However, before soaring up to more than $69,000, the coin had fell approximately by 2.5% to $65,962. The decrease in its price was a result of investors who rushed to book profit a day after the coin recorded the high of $68,564 on November 9, 2021.

Bitcoin surges after a dip and touches new high of $69,000 Source: CoinMarketCap

Crypto Market down?

The crypto market was down in the morning hours owing to the fact that investors were rushing to book profits from various cryptos. This was because of the fact that a day prior, the crypto market performed fairly well. In addition to Bitcoin, Ethereum touched its new all-time high of $5,065 on the same day. 

However, the meme frenzy cryptos like Shiba inu and Dogecoin have continued to slip since then. DOGE had seen a fall of 4.53% while SHIB dipped by 5.08%. A day later the situation hasn’t changed. Now, SHIB is down by 7.31% while DOGE has slipped by 1.93%.

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