Bitcoin Makes History With Biggest One-Day Gain Ever

Bitcoin’s price surged to nearly $90,000, marking its largest one-day gain since its creation, with an $8,400 rise recorded on November 11, 2024.

This spike followed its recent milestone of crossing $85,000, making it Bitcoin’s most impressive weekly performance since the March 2023 U.S. banking crisis.

today, november 11, 2024, was the biggest daily gain in #bitcoin history 🚀 pic.twitter.com/HaD8e9dec7

— Alex Thorn (@intangiblecoins) November 12, 2024

One significant driver of this growth has been the influx of capital into U.S. spot Bitcoin ETFs, which recorded inflows of $1.1 billion on November 11, just days after a previous $1.37 billion inflow on November 7.

These inflows have fueled demand and likely spurred increased institutional interest in Bitcoin. Alongside contributions from institutional players like MicroStrategy and Coinbase, daily trading volumes hit a new peak of $38 billion. Bitcoin’s accelerating momentum signals rising interest in digital assets and bolstered confidence in the crypto space.

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Now, all eyes are on Bitcoin’s approach to the $90,000 mark, which could heighten market excitement and potentially pave the way for a $100,000 target by year-end.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.