What Happened in Crypto Today: Bitcoin Hits $89K, Dogecoin Surges

What Happened in Crypto Today: Why is The Crypto Market Up Today?

Bitcoin's Historic Rally to $89,000

What happened to crypto market today? The cryptocurrency world is abuzz as Bitcoin (BTC) surged to a record high of $89,604.50 following Donald Trump’s reelection. This historic rally saw Bitcoin's market cap surpass $1.74 trillion, a nearly 30% increase over the past week, eclipsing the market cap of silver. 

Technical indicators suggest the upward trend may continue, with bullish momentum and high buyer enthusiasm. Currently, Bitcoin is trading at $87,561.84 with a market cap of $1.73 trillion and a 24-hour volume of $155.22 billion.

Dogecoin's 40% Price Surge

In other cryptocurrency news, Dogecoin (DOGE) experienced a significant 40% price jump in the past 24 hours, driven by strong buying momentum. The TON Network-based token reached a market cap of $369 million. Technical analysis shows DOGE trading above the 0.618 Fibonacci retracement level, with potential to reach $0.0015458. 

On-chain metrics, such as the "In the Money" indicator, have increased by 9.79%, suggesting profitability for token holders. Despite some market tension with significant liquidations, DOGE's upward trend continues. At press time, DOGE is trading at $0.3955 with a market cap of $58.37 billion and a 24-hour volume of $35.62 billion.

Aptos Surges 20% with Bitwise Staking ETP Launch

Aptos (APT) saw a 20% price increase, reaching $12.9, after Bitwise announced the launch of the world's first Aptos Staking ETP on the SIX Swiss exchange. Set to debut on November 19, this product offers staking rewards of approximately 4.7% net of fees. 

Bitwise aims to attract both institutional and retail investors, following a trend of growing interest in digital assets. At the time of writing, Aptos is trading at $12.29 with a market cap of $6.40 billion and a 24-hour volume of $1.75 billion.

Armed Crypto Heist in Thailand

What happened in crypto today also includes alarming news of a violent robbery in Thailand. A Ukrainian trader was ambushed and forced to transfer 250,000 USDT to attackers. This incident highlights a growing trend of physical crimes linked to cryptocurrency. 

Thai authorities swiftly arrested four suspects, one of whom was a regular customer of the victim, indicating premeditation based on insider knowledge. This case underscores the increasing risks and security concerns in the cryptocurrency market.

Bitget Re-enters UK Market

What happened to crypto market today? Bitget has officially re-launched its UK platform, now fully compliant with the Financial Promotions Regime. Partnering with Archax, a UK-regulated crypto custodian, Bitget offers trading and custody services for a range of assets.

The exchange paused UK services in May but has since adjusted to meet regulatory requirements. This re-launch follows Bitget's recent implementation of stringent token listing criteria to protect users from high-risk projects.

Here's What Happened in Crypto Today

Bitcoin hit an all-time high, Dogecoin surged 40%, a significant crypto heist occurred in Thailand, Aptos gained 20% with a new staking product, and Bitget re-entered the UK market. This diverse set of events explains why the crypto market is up today.