The price of the digital currency "Bitcoin" rose during trading on Friday to maintain its gains for the second consecutive day, trading near a three-month high. It is on track to achieve a fourth consecutive weekly gain, thanks to the positive momentum currently dominating trading in the cryptocurrency market.
The currency aims to trade above $100,000 again, after MicroStrategy, the giant company, raised its Bitcoin holdings to a new record level, in addition to strong inflows into Bitcoin exchange-traded funds in the U.S., along with negative currency funding rates.
Price Overview
• Bitcoin price today: On the "Bitstamp" exchange, the price of the digital currency "Bitcoin" rose by about ($749), equivalent to a rate of 0.8% to ($97,306), from the opening price of today’s trading at ($96,557), and recorded a low of ($96,399).
• At the settlement on Thursday on the Bitstamp exchange, Bitcoin prices achieved an increase of 2.5%, marking the first gain in the last three days, reaching a three-month high of $97,470 per cryptocurrency unit.
Market Capitalization of Cryptocurrencies
The market capitalization of cryptocurrencies rose by nearly $20 billion on Friday to a total of $3.132 trillion, amid the current rise in Bitcoin prices and other major currencies.
Weekly Transactions
Throughout this week's transactions, which officially end when prices settle on Sunday, Bitcoin prices are up about 3.5% so far, on the verge of achieving a fourth consecutive weekly gain.
