The price of Bitcoin is back above $40,000 after leaping 8% in 24 hours.
BTC, the world’s most valuable digital currency, added $3,000 in value and is now up 30% in a week.
Rumours at the weekend of a potential move by Amazon to accept payments in BTC sent prices spiralling before they settled back leading into Tuesday morning. However, crypto enthusiasts will be pleased to see BTC bounce back again – particularly as there were fears in recent weeks that it would drop through the $30,000 trap door, seen as a benchmark sign of a potential crypto winter.
The cryptocurrency market gained almost 6% in value in the last 24 hours, with the 11,000 coins worth a collective $1.55 trillion at the time of writing (7am UK).
All the top 100 coins climbed in value. The world’s second most valuable crypto, Ether (ETH), is around $2,300 after a 4% rise which puts its seven-day price up 24%.
Ripple’s XRP coin is at 64 cents, up 2.5% in 24 hours and 18% in a week.
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Cardano (ADA) also rose 2.5% to $1.28, with a seven-day price which is up 14%.
Binance Coin (BNB) also rose 2.5% to $314 and is up 12% over seven days.
Meme coin Dogecoin (DOGE) is heading towards 21c following a 2% gain and is 14% higher than its price seven days ago.
Ankr (ANKR) and Axie Infinity (AXS) were the big winners among the top 100 coins, climbing 24% and 21% respectively in 24 hours. They are 55% and 162% up, respectively, in a week.
To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.
For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below.
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Cryptocurrency