The Bitcoin price (BTC/USD) has held above the $6,400 level, despite seeing frequent fluctuations over the past 24 hours.
The original cryptocurrency broke through the $6,400 mark on Monday morning, as it benefited from a sharp uptick that came at the end of an otherwise disappointing Sunday session. The coin hit a four-day high of $6,480.59, before pulling back to lower levels. The coin continued to trade in a tight range above the $6,400 mark and eventually finished the session at $6,419.66. That was significantly higher than its opening level of $6,363.62.
Bitcoin has been hovering around the level of its Monday close for the better part of today’s session. The coin rose to an intraday high of $6,458.66 in late morning trading, but it hasn’t been able to build significant momentum amid frequent price fluctuations. At the time of writing, the Bitcoin price was hovering around the $6,420 level, according to data from digital currency tracker Coinmarketcap.
In the past 24 hours, the No 1. Digital currency has been outpaced by most of its major cryptocurrency rivals. The Bitcoin dominance, which tracks Bitcoin’s share of the total crypto market capitalisation, has fallen to 51.6% - its lowest level in more than a month – amid big rises in the prices of Bitcoin Cash (BCH), Stellar (XLM), Cardano (ADA) and Ripple (XRP). The total crypto market cap currently stands at nearly $216 billion.
In today’s trading, the Bitcoin price stood at $6,423.06, as of 14:02 GMT. The digital coin has lost 0.3% of its value in the past 24 hours, Coinmarketcap data shows. The coin’s total market cap currently stands at $111.5 billion.
For further information on how to buy and trade Bitcoin, see our comprehensive Bitcoin guide.