Bitcoin [BTC] peaks of 7.6%; close to bursting over the $ 4k sign again

The cryptocurrency market continues to ride the waves of the bull and the wrath of the bear. At the time of reporting, Bitcoin [BTC] traded at a price of $ 3930 with a market capitalization of $ 6.5 billion. Here, the total volume of currency exchanges in the last 24 hours was recorded at $ 5.68 billion.

Bitcoin 7 day price chart Source: CoinMarketCap

During the 7-day cycle, the price of BTC saw many fluctuations took place where the token acted unpredictably on the market front. At the beginning of the week, the currency was trading at a fair price of $ 3886, where its market capitalization was valued at $ 67.7 billion.

Bitcoin also surpassed the $ 4000 mark with a recovery and then went even higher to reach the peak of the week at $ 4271 with a market capitalization of $ 74.5 billion. However, within hours, Bitcoin collapsed to a high level and traded at $ 3768.

This was not the lowest coin of the week. The token hit the fund in 7 days at $ 3643 with a market cap of $ 63.5 billion.

In the 1-day price chart, BTC started trading at a low price of $ 3658 with a market capitalization of $ 63.8 billion. In one hour, the currency jumped from a low of $ 3685 up to $ 3095, with a market cap reaching $ 68.12 billion.

Bitcoin | 1 day price chart | Source: CoinMarketCap

This bull run has not only influenced Bitcoin but all the coins under it that behave in a related way, ie XRP, Ethereum [ETH], Bitcoin Cash [BCH], EOS, Litecoin [LTC] and Tron [TRX]. Among these, Ethereum won by peaking at 17.72% and is currently trading at $ 127.72 with a market capitalization of $ 14.3 billion.

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Priyamvada is a full-time journalist at AMBCrypto. A graduate in journalism and communication at Manipal University, she believes that blockchain technology is a revolutionary tool for advancing the future. Currently it has no value in cryptocurrencies.