Investing.com - Bitcoin was trading at $34,318.1 by 22:54 (12:54 GMT) on the Investing.com Index on Wednesday, up 24.39% on the day. It was the largest one-day percentage gain since Thursday, March 12, 2020.
The move upwards pushed Bitcoin's market cap up to $698.8B, or 41.61% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,184.9B.
Bitcoin had traded in a range of $34,296.9 to $43,516.6 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a drop in value, as it lost 33.74%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $78.7B or 31.38% of the total volume of all cryptocurrencies. It has traded in a range of $34,296.8828 to $51,459.1563 in the past 7 days.
At its current price, Bitcoin is still down 47.02% from its all-time high of $64,778.04 set on Wednesday, April 14, 2021.
Elsewhere in cryptocurrency trading
Ethereum was last at $2,053.26 on the Investing.com Index, down 39.87% on the day.
Tether was trading at $1.0044 on the Investing.com Index, a gain of 0.34%.
Ethereum's market cap was last at $289.6B or 17.25% of the total cryptocurrency market cap, while Tether's market cap totaled $58.3B or 3.47% of the total cryptocurrency market value.