The Bitcoin price (BTC/USD) over the weekend topped the $9,000 mark for the first in a month, as the wider cryptocurrency market continued to improve.
Yesterday, at roughly 12:50 BST, the original cryptocurrency reached $9,001.64, its highest price level since March 22. The digital coin saw some wild swings in the rest of the session, including drop to an intraday low of $8,779.61. It eventually finished the session at $8,802.46.
While the cryptocurrency has edged higher on Monday, it has remained below yesterday’s high. At the time of writing, the Bitcoin price was hovering around $8,900, according to data from cryptocurrency tracker Coinmarketcap.
Bitcoin’s recent gains are part of a wider cryptocurrency rebound that came after weeks of large sell-offs and steep declines. On April 1, the Bitcoin price fell to $6,526.87, its lowest level since early February. The digital coin has now rebounded more than 35% from the April 1 low, having amassed most of these gains in the past 10 days.
While Bitcoin’s performance has been impressive, the original cryptocurrency has been overshadowed by many of the major altcoins on the market. The EOS coin, for example, has more than doubled its price since the beginning of the month and is currently trading around $11.50. Thanks to this rapid advance, EOS has been able to overtake Litecoin (LTC) as the fifth-largest digital coin by market capitalisation. With major altcoins having outperformed Bitcoin so far this month, the Bitcoin dominance – the original cryptocurrency’s share of the total crypto market cap – has fallen to 38.2%.
In today’s trading, the Bitcoin price stood at $8,897, as of 08:14 BST. The digital currency has gained 0.3% in the past 24 hours. Its total market cap currently stands at $151.2 billion.
For further information on how to buy and trade Bitcoin, see our comprehensive Bitcoin guide.