The worth of bitcoin, the world’s largest cryptocurrency by market capitalization, jumped 6.5 p.c Sunday to rise again above $4,000, its highest level in two weeks.

CoinDesk information reveals bitcoin’s (BTC) worth spiked $262 on Monday at 17:10 UTC to $4,063, a transfer accompanied by a big injection of quantity.

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

Bitcoin’s market capitalization has additionally risen considerably, up $Four billion on the day to $70.73 billion, its highest level since Dec. 25. The transfer alerts an growth past the yearly low of $3,650 and a chance for the bulls to push increased this week, based mostly on present worth motion and momentum.

Nonetheless, bitcoin is only one of many cryptocurrencies having fun with sturdy 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 whole market capitalization of all cryptocurrencies is up $6.1 billion from yesterday’s high of $132 billion and is at the moment sitting simply above $138.1 billion CoinMarketCap information reveals.

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

BTC image through Shutterstock

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