Cryptocurrency

Bitcoin’s value rises by 10% as investors show faith in the cryptocurrency market, boosting confidence.

Bitcoin Surges 10% Amidst Investor Confidence Boost

Bitcoin’s Impressive Performance

Bitcoin experienced a significant surge, trading at $67,022.7 on the Investing.com Index by 15:09 (20:09 GMT) on Wednesday. This marked a 10.07% increase in value, the largest single-day gain since October 23, 2023.

Market Cap and Trading Range

This upward momentum propelled Bitcoin’s market cap to $1,313.9B, representing 52.29% of the total cryptocurrency market cap. The cryptocurrency traded between $62,848.7 and $67,604.9 within the previous twenty-four hours.

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Weekly Performance and All-Time High

Over the past week, Bitcoin has seen a notable 9.61% increase in value, with a trading volume of $82.4B. Despite this surge, Bitcoin remains 2.95% below its all-time high of $69,063.09 set on March 5.

Other Cryptocurrencies

Ethereum also exhibited positive movement, reaching $3,875.45 on the Investing.com Index, marking a 15.40% gain. Tether USDt, on the other hand, was trading at $1.0012 with a 0.15% increase.

Market Cap Analysis

Ethereum’s market cap stood at $463.8B, constituting 18.46% of the total cryptocurrency market cap, while Tether USDt’s market cap reached $100.6B, representing 4.00% of the total cryptocurrency market value.

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