Bitcoin has since dipped to its current price, $27,977. Its price is still up 3.93% in the past 24 hours, according to metrics site CoinMarketCap, and 17.62% in the past week.
At its all-time high, Bitcoin has tripled in price since July and increased by more than five times since March. At its peak today, Bitcoin's market cap hit $528 billion, forming the lion's share of the entire market capitalization of cryptocurrencies, $740 billion.
Often, other coins track Bitcoin price. But in the past 24 hours, the largest coins by market did not uniformly follow Bitcoin’s success.
The second most popular coin, Ethereum, which has increased by the same amount as Bitcoin over the past week, rose by 0.23% in the past day.
And XRP, the coin beleaguered by a lawsuit the SEC slapped on its creators, is up 9% in the past day but down 38% in the past week.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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