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Back Above $4K: Bitcoin’s Price Hits a Two-Week High

The price of bitcoin, the world’s largest cryptocurrency by market capitalization, jumped 6.5 percent Sunday to rise back above $4,000, its highest point in two weeks. CoinDesk data shows bitcoin’s (BTC) price spiked $262 on Monday at 17:10 UTC to $4,063, a move accompanied by a large injection of volume. At press time, bitcoin is up…

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The value of bitcoin, the arena’s biggest cryptocurrency through marketplace capitalization, jumped 6.Five p.c Sunday to upward push again above $4,000, its very best level in two weeks.

CoinDesk knowledge presentations bitcoin’s (BTC) value spiked $262 on Monday at 17:10 UTC to $4,063, a transfer accompanied through a big injection of quantity.

At press time, bitcoin is up 5.95 p.c over the past seven days, regaining losses observed towards the tip of December.

Bitcoin’s marketplace capitalization has additionally risen considerably, up $Four billion at the day to $70.73 billion, its very best level since Dec. 25. The transfer alerts a spread past the once a year low of $3,650 and a possibility for the bulls to push upper this week, in line with present value motion and momentum.

Still, bitcoin is solely one of the cryptocurrencies playing robust upside momentum with litecoin (LTC), NEO (NEO) and Cardano (ADA) main the highest 25, up 12.16, 10.6 and 9.11 p.c respectively.

The general marketplace capitalization of all cryptocurrencies is up $6.1 billion from the day prior to this’s best of $132 billion and is these days sitting simply above $138.1 billion CoinMarketCap knowledge presentations.

Disclosure: The creator holds no cryptocurrencies on the time of writing.

BTC image by way of Shutterstock

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