At the time of writing Friday morning, bitcoin was eyeing weekly returns of 18.1%, according to CoinMarketCap. The largest and most influential cryptocurrency peaked at $9,878.15 on Bitstamp, having gained more than 6% over the 24-hour trading cycle.
With the gain, bitcoin’s market cap has swelled past $175 billion for the first time since March 2018. As a reminder: bitcoin’s market cap plunged below $55 billion in December.
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