Bitcoin Surges with Significant One-Day Gain

Bitcoin's Impressive Surge

Bitcoin experienced a substantial rise, trading at $23,089.1, marking a significant 10.16% increase in a single day. This growth, the largest since November 2022, has positively impacted its market capitalization, elevating it to $441.8 billion. Bitcoin now accounts for 42.10% of the entire cryptocurrency market cap. Previously, Bitcoin's market cap reached a high of $1,275.5 billion.

Trading Range and Volume

In the last 24 hours, Bitcoin traded between $22,461.1 and $23,090.2. Over the past week, it has appreciated by 11.75%. The trading volume for Bitcoin in the last day was $31.6 billion, which constitutes 52.46% of the total trading volume for all cryptocurrencies. Over the past seven days, the trading range extended from $20,448.25 to $23,090.20.

Current Position Relative to All-Time High

Despite recent gains, Bitcoin's current price remains significantly below its all-time high of $68,990.63, set in November 2021. It is down by 66.53% from this peak, indicating room for further recovery and growth.

Performance of Other Cryptocurrencies

In the broader cryptocurrency market, Ethereum showed a rise, with its price reaching $1,663.14, up by 7.12%. Ethereum's market cap stands at $202.8 billion, making up 19.32% of the total cryptocurrency market. Meanwhile, Tether maintained stability, trading at $1.0001, reflecting a minor gain of 0.01%, with a market cap of $66.5 billion, or 6.34% of the market share.

This data highlights dynamic shifts and the ongoing volatility within the cryptocurrency market, with Bitcoin taking a leading role in recent developments.