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Bitcoin Shines This Week

weeklyroundupcrypto jan10 lt

The past week has been generally good for Bitcoin. In the last seven days the most popular cryptocurrency improved its value by more than $500, or 7 percent.

As of this writing, Bitcoin is trading at $7864.

The virtual currency showed signs of resurgence in the New Year after a relatively dull December.

After dipping below $7000 on January 2, the currency managed to rise from its slumber.

On Tuesday Bitcoin crossed $8000, for the first time since November 20. $8438 was the highest recorded in 48 days, and also of the year.

The 7-day period starting January 2 has been an unprecedented dream-run for Bitcoin, which saw a steep rise of $1338, or more than 20 percent in its value.

However, those gains fizzled in the latter half of the week with price falling back to the $7,000-$8,000 range.

As of today, Bitcoin has a market capitalization of $142.89 billion, and a 24-hour trade volume of $24 billion, according to CoinMarketCap.

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