Bitcoin Climbs 10% As Investors Gain Confidence

Bitcoin was trading at $87,047.0 by 15:11 (20:11 GMT) on the Investing.com Index on Monday, up 10.21% on the day. It was the largest one-day percentage gain since August 8.

The move upwards pushed Bitcoin's market cap up to $1,706.6B, or 58.76% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,593.7B.

Bitcoin had traded in a range of $80,231.8 to $87,047.0 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a rise in value, as it gained 27.22%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $101.8B or 38.82% of the total volume of all cryptocurrencies. It has traded in a range of $67,473.5703 to $87,054.0547 in the past 7 days.

At its current price, Bitcoin is at a new all-time high. Elsewhere in cryptocurrency trading

Ethereum was last at $3,315.02 on the Investing.com Index, up 6.32% on the day.

Tether USDt was trading at $1.0020 on the Investing.com Index, a gain of 0.16%.

Ethereum's market cap was last at $398.0B or 13.71% of the total cryptocurrency market cap, while Tether USDt's market cap totaled $123.6B or 4.26% of the total cryptocurrency market value.

Source: Investing.com