Bitcoin Climbs 12% As Investors Gain Confidence


Bitcoin was trading at $11,252.1 by 00:30 (04:30 GMT) on the Investing.com Index on Wednesday, up 11.67% on the day. It was the largest one-day percentage gain since May 19.

The move upwards pushed Bitcoin's market cap up to $201.6B, or 62.07% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.

Bitcoin had traded in a range of $10,836.4 to $11,422.4 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 7.36%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $33.3B or 33.89% of the total volume of all cryptocurrencies. It has traded in a range of $9,728.5088 to $13,422.0020 in the past 7 days.

At its current price, Bitcoin is still down 43.37% from its all-time high of $19,870.62 set on December 17, 2017.
Elsewhere in cryptocurrency trading

Ethereum was last at $295.38 on the Investing.com Index, up 5.67% on the day.

XRP was trading at $0.40184 on the Investing.com Index, a loss of 0.97%.

Ethereum's market cap was last at $31.7B or 9.77% of the total cryptocurrency market cap, while XRP's market cap totaled $17.3B or 5.32% of the total cryptocurrency market value.

Source: www.investing.com