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© Reuters. Bitcoin rises 10% as investor confidence grows
Investing.com – Bitcoin was trading at $62,823.3 on the Investing.com Index as of 12:07 p.m. (17:07 GMT) on Wednesday, up 10.19% on the day. It was the largest daily percentage increase since October 23, 2023.
The bullish move pushed Bitcoin’s market cap to $1,227.8 billion, or 53.39% of the total cryptocurrency market cap. Bitcoin’s highest market cap was $1,275.5 billion.
Bitcoin traded in a range of $56,704.9 to $62,823.3 in the last 24 hours.
Over the last seven days, Bitcoin recorded a 21.71% increase in value. Bitcoin volume traded in the 24 hours to press time was $56.0 billion, or 44.62% of the total volume of all cryptocurrencies. In the last 7 days, the price has traded in a range of $50,537.6016 to $62,823.2695.
At the 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 at $3,442.62, up 6.48% on the day, according to the Investing.com Index.
Tether USDt traded at $1.0000 on the Investing.com index, up 0.03%.
Ethereum’s market cap most recently stood at $411.7 billion, or 17.90% of the total cryptocurrency market cap, while Tether USDt’s market cap totaled $98.5 billion, or 4.28% of the total cryptocurrency market cap .
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