Cryptocurrency

Bitcoin’s value increases by 10% in recent surge, showing promising growth for investors.

Bitcoin Surges 10% in a Remarkable Rally

Bitcoin’s Impressive Performance

Bitcoin soared to $56,662.4 by 21:08 (02:08 GMT) on Tuesday, marking a remarkable 10.08% increase for the day. This surge represented the most significant one-day percentage gain since October 23, 2023.

Market Cap and Trading Range

This upward movement propelled Bitcoin’s market cap to $1,093.4B, accounting for 51.64% of the total cryptocurrency market cap. At its peak, Bitcoin reached a market cap of $1,275.5B. The cryptocurrency traded between $54,464.0 and $56,844.8 in the preceding twenty-four hours.

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Recent Performance and Trading Volume

Over the past week, Bitcoin has experienced a 7.78% increase in value, with the trading volume reaching $36.7B in the twenty-four hours leading up to the current data. This volume represents 40.96% of the total cryptocurrency volume. Bitcoin’s price fluctuated between $50,537.6016 and $56,844.7734 over the last seven days.

Comparison to All-Time High

Despite its current price, Bitcoin remains 17.87% below its all-time high of $68,990.63 set on November 10, 2021.

Other Cryptocurrencies

Ethereum also demonstrated a positive trend, closing at $3,253.29 on the Investing.com Index, reflecting a 4.72% increase. Meanwhile, Tether USDt experienced a slight decline, trading at $0.9994 on the same platform.

Ethereum’s market cap stands at $387.1B, representing 18.28% of the total cryptocurrency market cap, while Tether USDt holds a market cap of $98.1B, equivalent to 4.63% of the total cryptocurrency market value.

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