Bitcoin Surges 10% in Largest Daily Gain Since February
Bitcoin Surges 10% in Largest Daily Gain Since February
Bitcoin experienced a significant price surge, trading at $21,069.4 on Friday, marking a 10.08% increase. This represents its largest one-day percentage gain since February 28. The upward movement boosted Bitcoin's market cap to $402.2B, accounting for 38.81% of the total cryptocurrency market cap.
Over the past 24 hours, Bitcoin's price fluctuated between $19,294.1 and $21,163.2. On a weekly basis, Bitcoin has gained 4.67%, with its price ranging from $18,548.38 to $21,163.21. Despite this recent growth, Bitcoin remains 69.46% below its all-time high of $68,990.63, recorded on November 10, 2021.
Ethereum and Tether See Modest Gains
Ethereum also saw a rise, trading at $1,711.62, up 5.77% on the day. Its market cap reached $208.5B, representing 20.12% of the total cryptocurrency market cap.
Tether, a stablecoin, traded at $1.0003, reflecting a 0.03% increase. Its market cap stood at $67.6B, or 6.52% of the total cryptocurrency market value.
The cryptocurrency market continues to show volatility, with Bitcoin leading the charge in recent gains. Investors remain cautious, monitoring price movements and market caps as the sector evolves.
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