As a result of the transaction, the price of the cryptocurrency rose to $91,886.52 and stopped at $90,875 at the end of the day.

This is the largest price increase in Bitcoin history, causing analysts to speculate about a possible success to the $100,000 level in the near future.

Since the beginning of 2024, Bitcoin has more than doubled in price, with the rate increasing by almost $10,000 in the last two days.

The capitalization of all coins in circulation exceeded $1.78 trillion. Experts attribute the current increase in value to macroeconomic indicators in the USA, where inflation increased by 0.2 percent in October and reached 2.6 percent on an annual basis, which coincides with market expectations and is perceived as a positive sign for investors.

Squirrel Nut (PNUT) has become the leader among the top 100 cryptocurrencies in terms of capitalization, with its price increasing by more than 250% per day.

Source: Ferra

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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