Late Sunday evening (CEST), bitcoin made a jump. From having been traded around $8,000 lately, the price soared sharply in a short time – and topped out at $8,800, according to numbers from Bitstamp.
That is an increase of ten percent and the highest price so far in 2019.
“This is very positive for bitcoin and other cryptocurrencies. Prices that don’t move tend to lead to reduced interest, but a new strong upturn like the one we are seeing right now directs the media spotlight back on bitcoin again”, says crypto expert Totte Löfström to Trijo News.
Total market cap is rising
However, the price dropped slightly after the rally and a bitcoin is currently trading at around $8,650.
During the evening, bitcoin’s total market cap has risen from $142 billion to $152 billion – an increase of $10 billion.
Bitcoin currently represents 57.5 percent of the total market cap of all cryptocurrencies, according to Coinmarketcap.
