The Bitcoin price (BTC/USD) has seen modest gains over the past 24 hours amid a broader recovery rally observed across the digital currency market.
The flagship cryptocurrency was relatively stable during yesterday’s morning session, resisting a broader slump that affected most major altcoins. The digital coin fell to an intraday low of $6,265.09 in this part of the session, but it managed to finish the day in the positive territory after steadying its performance in the afternoon. Bitcoin closed the session at $6,351.80, up from its opening level of $6,317.01.
Bitcoin’s advance accelerated in the early hours of today’s session, which allowed the digital currency to return to levels above the $6,400 mark for the first time in four days. After rising to a high of $6,437.24, Bitcoin pulled back to lower levels, but continued to hold above the $6,400 mark. At the time of writing, the Bitcoin price has hovering around $6,410, according to data from digital currency tracker Coinmarketcap.
Bitcoin’s resilient performance over the past few of days has allowed the coin to limit its losses during what has so far been a rather turbulent week for the broader crypto market. Consequently, the original cryptocoin is now less affected by an ongoing upward correction that has brought a much needed relief to the sector. Most major coins have outperformed Bitcoin over the past 24 hours. One of the biggest losers in previous sessions, Ethereum (ETH), has been the best performing coin in the top 10 over the most recent 24-hour period.
In today’s trading, the Bitcoin price stood at $6,417.55, as of 09:5 BST. The digital coin has gained 2.2% in the past 24 hours, Coinmarketcap data shows. The coin’s total market cap currently stands at $110.8 billion, which represents 56.9% of the combined value of all digital currencies.
For further information on how to buy and trade Bitcoin, see our comprehensive Bitcoin guide.