The bitcoin price has been trading just below $8,000 during the last couple of days, but during yesterday it made a move.
From having been trading as low as $7,874 early Sunday morning (CEST), the price soared yesterday evening – and peaked at $8,314, according to numbers from Bitstamp.
This is an increase of over 5.5 percent.
“Seen from a longer perspective, the increase of the last 24 hours is relatively small, and you should probably be careful to draw conclusions from it. Of course, on the other hand, it’s fun to see that things are moving again. It was almost as if one got a little worried”, says crypto expert Totte Löfström to Trijo News.
“It’s fun to see that things are moving again”
However, the price dropped slightly after the upturn and bitcoin is currently trading at around $8,200.
Bitcoin’s total market cap has also soared – from $143 billion to nearly $150 billion.
Bitcoin currently accounts for 66.7 percent of the total market cap for all cryptocurrencies, according to Coinmarketcap.
