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Bitcoin Climbs 10% As Investors Gain Confidence

Bitcoin Climbs 10% As Investors Gain Confidence

Investing.com - Bitcoin was trading at $9,165.0 by 11:52 (15:52 GMT) on the Investing.com Index on Saturday, up 10.04% on the day. It was the largest one-day percentage gain since October 25.

The move upwards pushed Bitcoin's market cap up to $165.6B, or 66.84% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.

Bitcoin had traded in a range of $8,061.8 to $10,540.0 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a rise in value, as it gained 14.63%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $48.4B or 31.08% of the total volume of all cryptocurrencies. It has traded in a range of $7,329.2031 to $10,540.0000 in the past 7 days.

At its current price, Bitcoin is still down 53.88% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

Ethereum was last at $180.82 on the Investing.com Index, up 3.06% on the day.

XRP was trading at $0.29096 on the Investing.com Index, a gain of 0.03%.

Ethereum's market cap was last at $19.6B or 7.92% of the total cryptocurrency market cap, while XRP's market cap totaled $12.6B or 5.09% of the total cryptocurrency market value.

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