Bitcoin price news – live: Solana overtakes Cardano amid record-breaking crypto rallyThe price of bitcoin has held above $60,000 at the start of November following a record-breaking 2021 (Getty Images)

The price of bitcoin has remained relatively stable at the start of November, while gains from several leading cryptocurrencies have helped push the overall crypto market to a record high.

Ethereum (ether) hit a new all-time high on Wednesday morning, rising in price above $4,600 for the first time in its history amid a surge in use of its blockchain network.

Polkadot (DOT) also achieved a new peak above $53, shooting up more than 18 per cent over the last 24 hours, as did Solana (SOL).

Gains made by meme coins Dogecoin and Shiba Inu coin last week have been sustained, with both holding solid at the start of the month.

Some crypto analysts believe more records could be broken in the final two months of 2021, with one popular price prediction model putting BTC on track for six figures before Christmas.

We’ll have all the latest news, analysis and price forecasts in our live coverage of bitcoin and the rest of the market right here.

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