Bitcoin Climbs 10% on a Positive Day

Bitcoin experienced a notable rise in value, trading at $61,129.40 by 18:00 (22:00 GMT) on Thursday, marking an increase of 10.27% for the day. This surge represents the largest one-day percentage gain since August 8.

As a result of this upward movement, Bitcoin’s market capitalization reached $1,179.0 billion, accounting for 56.30% of the overall cryptocurrency market cap. At its peak, Bitcoin’s market cap was recorded at $1,435.8 billion.

In the previous 24 hours, Bitcoin traded within a range of $54,786.90 to $61,176.90. However, over the past week, Bitcoin’s value has decreased by 7.87%. During the 24-hour trading period leading up to this report, the trading volume for Bitcoin was $39.9 billion, which constitutes 44.71% of the total volume across all cryptocurrencies. In the past week, its trading range was between $49,486.91 and $65,567.13.

Despite the recent gains, Bitcoin remains 17.10% lower than its all-time high of $73,740.90, which was reached on March 14.

In other cryptocurrency trading news, Ethereum was reported at $2,636.95, reflecting an increase of 11.66% for the day. Meanwhile, Tether USDt was trading at $1.0004, a slight gain of 0.02%.

Ethereum’s market capitalization stood at $310.7 billion, representing 14.84% of the total cryptocurrency market cap, while Tether USDt had a market cap of $115.1 billion, making up 5.50% of the overall cryptocurrency market value.