© Reuters. Bitcoin up 10% as investors gain confidence
Investing.com – Bitcoin was trading at $62,823.3 at 12:07 (17:07 GMT) on the Investing.com Index on Wednesday, a daily increase of 10.19%. It was the largest one-day percentage gain since October 23, 2023.
The upward move pushed Bitcoin's market cap to $1,227.8 billion, or 53.39% of the total cryptocurrency market cap. At its highest point, Bitcoin's market capitalization was $1,275.5 billion.
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 an increase in value as it gained 21.71%. The volume of Bitcoin traded in the twenty-four hours up to the time of writing was $56 billion 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 last 7 days.
At its current price, Bitcoin is still 8.94% below its all-time high of $68,990.63 set on November 10, 2021.
Elsewhere in cryptocurrency trading
Ethereum was last trading 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 capitalization last stood at $411.7 billion or 17.90% of the total cryptocurrency market capitalization, while Tether USDt's market capitalization amounted to $98.5 billion or 4 .28% of the total value of the cryptocurrency market.
