Bitcoin Climbs 11% As Investors Gain Confidence

Bitcoin was trading at $55,305.3 by 08:15 (12:15 GMT) on the Investing.com Index on Tuesday, up 10.97% on the day. It was the largest one-day percentage gain since February 28, 2022.

The move upwards pushed Bitcoin's market cap up to $1,090.6B, or 57.25% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,435.8B.

Bitcoin had traded in a range of $53,998.2 to $56,228.6 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 17.03%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $70.8B or 29.72% of the total volume of all cryptocurrencies. It has traded in a range of $49,486.9102 to $66,825.5938 in the past 7 days.

At its current price, Bitcoin is still down 25.00% from its all-time high of $73,740.90 set on March 14. Elsewhere in cryptocurrency trading

Ethereum was last at $2,461.49 on the Investing.com Index, up 7.41% on the day.

Tether USDt was trading at $1.0004 on the Investing.com Index, a gain of 0.02%.

Ethereum's market cap was last at $295.8B or 15.53% of the total cryptocurrency market cap, while Tether USDt's market cap totaled $114.6B or 6.02% of the total cryptocurrency market value.

Source: Investing.com