Cryptocurrency News

Bitcoin Climbs 10% As Investors Gain Confidence

Bitcoin Climbs 10% As Investors Gain Confidence

Investing.com – Bitcoin was trading at $62,823.3 by 12:07 (17:07 GMT) on the Investing.com Index on Wednesday, up 10.19% on the day. It was the largest one-day percentage gain since October 23, 2023.

The move upwards pushed Bitcoin’s market cap up to $1,227.8B, or 53.39% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $1,275.5B.

Bitcoin had traded in a range of $56,704.9 to $62,823.3 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a rise in value, as it gained 21.71%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $56.0B or 44.62% of the total volume of all cryptocurrencies. It has traded in a range of $50,537.6016 to $62,823.2695 in the past 7 days.

At its current price, Bitcoin is still down 8.94% from its all-time high of $68,990.63 set on November 10, 2021.

Elsewhere in cryptocurrency trading

Ethereum was last at $3,442.62 on the Investing.com Index, up 6.48% on the day.

Tether USDt was trading at $1.0000 on the Investing.com Index, a gain of 0.03%.

Ethereum’s market cap was last at $411.7B or 17.90% of the total cryptocurrency market cap, while Tether USDt’s market cap totaled $98.5B or 4.28% of the total cryptocurrency market value.

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