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Bitcoin builds up by almost 1,000 for 24 hours

After a stormy August, the most famous digital currency, Bitcoin, seems to recover in September, jumping from $9,600 to $10,424 this month. As one can see, Bitcoin hovers above the $10,000 threshold—a value it achieved last time in July 2019.

Photo: Pixabay

Bitcoin leads the market in terms of its value increase, having thus added more than 5 percent in 24 hours. One should mention, that the other cryptocurrencies are also gaining in the range of 1-4 percent. 

Bitcoin increased its market capitalization by more than $10 billion in the last 24 hours to reach almost $187 billion. This growth period pushed Bitcoin to dominate the market already by 70.5 percent, surpassing the prior figure of 70.2 percent, recorded in March 2017.

In addition, Bitcoin trade volume picked up from $11 billion to $18.7 billion in the past 3 days. 

Being more precisely, one can talk about a 2.66 percent jump in Bitcoin’s value, to $10,684 at 13.16 GMT on Tuesday. The rates of other digital currencies are as follows: 

  • Ethereum went down by 0.44 percent, to $179.27;

  • Ripple advanced 0.15 percent, to $0.2633;

  • Bitcoin Cash gained 1.91 percent, to $1.91;

  •  Litecoin surged by 2.38 percent, to $69.33.

The Bitcoin growth can be a result of Bakkt’s launch of its physically settled Bitcoin futures platform, scheduled on September 23, 2019, consider some experts.