Bitcoin Climbs Above 8,506.9 Level, Up 6%




Investing.com - Bitcoin rose above the $8,506.9 threshold on Sunday. Bitcoin was trading at 8,506.9 by 16:01 (20:01 GMT) on the Investing.com Index, up 6.28% on the day. It was the largest one-day percentage gain since May 19.

The move upwards pushed Bitcoin's market cap up to $149.8B, or 57.46% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.

Bitcoin had traded in a range of $7,866.5 to $8,506.9 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a rise in value, as it gained 5.48%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $22.6B or 33.84% of the total volume of all cryptocurrencies. It has traded in a range of $7,486.7808 to $8,506.9629 in the past 7 days.

At its current price, Bitcoin is still down 57.19% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

Ethereum was last at $259.33 on the Investing.com Index, up 3.83% on the day.

XRP was trading at $0.39250 on the Investing.com Index, a gain of 2.79%.

Ethereum's market cap was last at $27.6B or 10.59% of the total cryptocurrency market cap, while XRP's market cap totaled $16.7B or 6.39% of the total cryptocurrency market value.

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