“Bitcoin soars to new heights as it gains 13% in a thrilling rally, leaving investors and enthusiasts alike exhilarated by its unstoppable climb.”
Bitcoin experienced a significant rally on Monday, with a 13% increase in trading value. The cryptocurrency was trading at $33,816.9 on the Investing.com Index, marking the largest one-day percentage gain since October 23. This surge propelled Bitcoin’s market cap to $628.3 billion, accounting for 52.16% of the total cryptocurrency market cap. Its highest market cap reached $1,275.5 billion.
In the previous twenty-four hours, Bitcoin’s price fluctuated between $29,891.4 and $33,816.9. Over the past week, Bitcoin has witnessed a 13.16% rise in value. The trading volume for Bitcoin in the twenty-four hours leading up to the time of writing was $29.4 billion, representing 51.91% of the total volume of all cryptocurrencies. Within the past seven days, Bitcoin has traded within the range of $28,096.8770 to $33,929.8516.
Despite the recent increase in value, Bitcoin remains 50.98% below its all-time high of $68,990.63, which was achieved on November 10, 2021.
In other cryptocurrency trading news, Ethereum experienced a 7.33% increase, reaching $1,756.25 on the Investing.com Index. Tether USDt, on the other hand, saw a modest gain of 0.05%, trading at $1.0011. Ethereum’s market cap currently stands at $208.4 billion, accounting for 17.30% of the total cryptocurrency market cap, while Tether USDt holds a market cap of $84.2 billion, representing 6.99% of the total cryptocurrency market value.