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Cryptocurrencies Price Prediction: Bitcoin, MicroStrategy & Meme coins – American Wrap 11 November

Bitcoin Price Forecast: BTC hits $85K as Microstrategy announces largest ever single-day purchase

Bitcoin price reached a new all-time high of $85,000 on Monday, November 11, up 26% from the US election day. As the crypto market rally enters its seventh consecutive day of gains, on-chain data shows that Microstrategy’s fresh acquisition plan could potentially drive BTC further toward $100,000 in the coming weeks. 
MicroStrategy announced in a post on Monday that it has acquired 27,200 Bitcoin for $2 billion, bringing its total BTC holdings to 279,420 BTC.
 
Top three most prominent dog-themed meme coins Dogecoin (DOGE), Shiba Inu (SHIB) and Dogwifhat (WIF) extend gains on Monday after surging over the weekend. The rally, which led these coin prices to rise by double-digits in a matter of days, is likely inspired by Bitcoin’s (BTC) new all-time high and speculation that tech billionaire Elon Musk – a prominent supporter of Dogecoin – will play a pivotal role in Donald Trump’s new administration.
 

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