Africa-Press – Mauritius. The price of Bitcoin jumped more than 5% to over $73,000 on Tuesday, reaching its highest level in nearly eight months and close to a record high.
Bitcoin reached as high as $73,567, a daily increase of more than 5.3%. The world’s largest cryptocurrency was last trading above the $73,000 level in mid-March, when it hit an all-time record of $73,750.
Ethereum, the world’s largest altcoin, hit as high as $2,679 on Tuesday with a daily gain of over 6.2%. Some prices of altcoins rose by more than 20%.
The value of the cryptocurrency market stood at $2.45 trillion, up 7.16% from the previous session. Bitcoin’s share, known as dominance, was at 58.8%. Ethereum’s was at 13%, according to CoinMarketCap.
The rally in cryptocurrencies came a week before the highly anticipated US presidential election as investors’ optimism is building amid hopes of regulatory loosening on cryptos regardless of the race’s outcome.
For More News And Analysis About Mauritius Follow Africa-Press
