2018-7-24 11:29 |
Bitcoin’s price has climbed back above $8,000 for the first time in two months, data shows.
According to CoinDesk’s Bitcoin Price Index, the price of the world’s largest cryptocurrency by market capitalization has jumped by $200 in two hours on Wednesday and is changing hands at $8,015 as of press time, a level not seen since May 24.
That said, bitcoin price is still down nearly 53 percent from this year’s high above $17,000 seen in January.
Meanwhile, data shows that bitcoin’s market capitalization dominance has also increased significantly over the past two months.
According to CoinMarketCap, bitcoin accounted for 37 percent of the total cryptocurrency market capitalization in mid-May.
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