Bitcoin Up 11% in the Rally by

© Reuters. Bitcoin is up 11% in the rally – Bitcoin was trading at $24,694.7 by 01:11 (05:11 GMT) on the Index on Tuesday, up 10.60% on the day. It was the largest one-day percentage gain since November 10, 2022.

The upward move pushed Bitcoin’s market cap up to $472.8 billion, or 43.68% of the total cryptocurrency market cap. At its highest, Bitcoin’s market capitalization was $1,275.5 billion.

Bitcoin has been trading in a range from $23,994.6 to $24,705.2 in the last 24 hours.

Over the past seven days, Bitcoin has seen a surge in value, gaining 8.91%. Bitcoin trading volume in the twenty-four hours at the time of writing was $46.8 billion or 52.59% of the total volume of all cryptocurrencies. It traded in a range from $19,591.8281 to $24,705.2266 in the past seven days.

At its current price, bitcoin is still down 64.21% from its all-time high of $68,990.63 on November 10, 2021.

Elsewhere in cryptocurrency trading

Ethereum price was last at $1,681.28 on the Index, up 5.39% on the day.

Tether was trading at $1.0038 on the ticker, losing 0.06%.

Ethereum’s market capitalization was last at $205.6 billion or 19.00% of the total cryptocurrency market cap, while Tether’s total market capitalization was $73.3 billion or 6.77% of the total cryptocurrency market cap.

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