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Christmas week trades add $77.89bn to bitcoin market cap - Punch Newspapers

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The market capitalisation of Bitcoin increased by $77.89bn during the week leading up to Christmas.

On December 19, BTC had a market cap of $883.01bn. It opened trading at $46,853.87, recorded a high of $48,089.66, but closed at $46,707.01. BTC’s price recovery continued through last week. It rose slightly last Monday to close trading at $46,880.28.The cryptocurrency jumped to $50,784.54 on Thursday and increased further on Friday to close at $50,822.20.

On Christmas Day, BTC slightly fell as it closed trading at $50,429.86 before recovering on boxing day to $50,809.52. Within the week, trading volumes fluctuated from $25.15bn on the 19th to $20.96bn on Boxing Day.

 

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