Moonvember? Bitcoin Sees Sudden Surge Above $21,000 But Dogecoin Nurses Losses

BTC surged suddenly on Friday — accelerating from $20,700 to $21,200 in under an hour.

This is the first time that the world's biggest cryptocurrency has broken through $21,000 in two months.

It'll fuel hopes that "Moonvember" could inject some much-needed bullishness into the crypto markets as the end of the year approaches.

Bitcoin has risen by 4.4% over the past 24 hours at the time of writing. Ether's an even bigger winner — up 6.85% — while Binance Coin has risen 8.5%.

But even though Dogecoin has now risen up CoinMarketCap's rankings, and is now No. 8, the memecoin is still down 3.2% on the day amid reports that Twitter has abandoned the development of a crypto wallet. It's the only major altcoin in negative territory.