Real Time Cryptocurrency News & Analysis

Bitcoin price (BTC/USD) breaks above $6,500 on Wednesday morning

The Bitcoin price (BTC/USD) has broken through the $6,500 for the first time in nearly week, thanks to a sharp spice that occurred at the start of today’s trading session.

Bitcoin had a quiet session yesterday, trading in a tight range above the $6,400 mark. The No. 1 digital currency was outpaced by most of its chief crypto rivals, some of which enjoyed significant gains on Tuesday. Still, the digital coin finished the day in the positive territory, closing the session t $6,461.01, slightly above its opening price of $6,433.38.

Today’s session has already provided a big change of pace for Bitcoin. Shortly after the start of the session, the original cryptocurrency saw a big spike that lifted its price above the $6,500 mark for the first time in six days. The coin rose to an intraday high of $6,552.16 in recent trading, which was also its highest level since October 21, according to data from digital currency tracker Coinmarketcap. The coin has since pulled back to slightly lower levels and is currently hovering around $6,540.

The broader digital currency market has continued to improve, with most major coin having enjoyed solid gains in the past 24 hours. Bitcoin Cash (BCH) has been the only double-digit percentage gainer in the crypto top 10, replacing Ripple (XRP), which is having a quieter session after two days of monster gains. The total market value of all digital currencies has risen to around $220.2 billion.

In today’s trading, the Bitcoin price stood at $6,536.12, as of 10:00 GMT. The digital coin has gained 1.6% in the past 24 hour, Coinmarketcap data shows. The coin’s total market cap currently stands at nearly $113.5 billion, which represents 51.5% of the combined value of all digital coins.

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