Christmas: Bitcoin Market Cap Increases By $77.89bn

Market capitalisation of Bitcoin has increased by $77.89bn during the week leading up to Christmas.

Gatekeepers News reports that on December 19, BTC had a market cap of $883.01bn, opened trading at $46,853.87, recorded a high of $48,089.66, but closed at $46,707.01.

BTC’s price recovery continued through last week as a slight rise was recorded last Monday to close trading at $46,880.28.

The cryptocurrency later increased to $48,936.61 last Tuesday but fell to $48,628.51 on Wednesday.

On Thursday, it jumped to $50,784.54 and increased further on Friday to close at $50,822.20.

However, BTC slightly fell as it closed trading at $50,429.86b on Christmas Day, before recovering on boxing day to $50,809.52.

Within the week, trading volumes fluctuated from $25.15bn on the 19th to $20.96bn on Boxing Day.

Before this Bitcoin had shelved $264.28bn from its market cap in 50 days. It had closed the month of October with a market cap of $1.16tn, then fell to $1.08tn by the end of November, before closing with a market cap of $886.33bn on December 19.