Bitcoin Realized Cap Reaches $656 Billion as Price Surpasses $77,000
The Bitcoin price and the broader crypto market surged following the announcement of the United States elections on November 6. Bitcoin reached a new all-time high above $77,000 on November 8, attributed to former president Donald Trump's victory, although on-chain data indicates this rally has been anticipated.
BTC’s Realized Cap Experiences Largest Increase In Two Years
On November 8, blockchain analytics firm Glassnode reported that Bitcoin's realized cap achieved a new all-time high of $656 billion. This metric reflects capital flow in and out of Bitcoin and indicates a net capital inflow exceeding $2.5 billion over the past month, suggesting new retail and institutional investor interest.
The increase in realized cap alongside Bitcoin's price consolidation hints at a transition from a “reaccumulation” phase to a markup phase. Sustained capital inflows could support further price increases in the coming months.
Bitcoin Price At A Glance
Currently, Bitcoin is valued at approximately $76,700, having briefly surpassed the historical $77,000 level. CoinGecko data shows the market leader has increased by 10% in the past week.
