Bitcoin rises to $30,682 as altcoins register hefty gains

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The cryptocurrency market bounced back on Monday as most of the altcoins registered hefty gains, with market capitalisation rising 5 percent to reach $1.33 trillion.

As of 1150 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price reached $30,682, reflecting an increase of 5 percent. With this increase in price, the market capitalisation of the biggest crypto has reached $584 billion.

Bitcoin has gained 1.1 percent of its value over the last seven days. Bitcoin’s price rose over the $30,000 mark even as the world’s most popular cryptocurrency registered a record ninth-weekly loss. This was the first time that Bitcoin went through more than six weeks in a row without a positive return.—TLTP

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