Bitcoin Climbs 20% As Investors Gain Confidence

Bitcoin Climbs 20% As Investors Gain Confidence

Investing.com - Bitcoin was trading at $41,761.1 by 08:59 (12:59 GMT) on the Investing.com Index on Thursday, up 19.81% on the day. It was the largest one-day percentage gain since December 7, 2017.

The move upwards pushed Bitcoin's market cap up to $783.2B, or 42.51% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,184.9B.

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Bitcoin had traded in a range of $35,010.4 to $41,946.6 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 16.4%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $123.7B or 32.06% of the total volume of all cryptocurrencies. It has traded in a range of $30,261.7129 to $51,459.1563 in the past 7 days.

At its current price, Bitcoin is still down 35.53% from its all-time high of $64,778.04 set on April 14.

Elsewhere in cryptocurrency trading

Ethereum was last at $2,878.43 on the Investing.com Index, up 23.59% on the day.

Binance Coin was trading at $394.11 on the Investing.com Index, a gain of 17.93%.

Ethereum's market cap was last at $335.7B or 18.22% of the total cryptocurrency market cap, while Binance Coin's market cap totaled $60.4B or 3.28% of the total cryptocurrency market value.

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