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Bitcoin climbs $4,000 in 24 hours

Bitcoin climbs $4,000 in 24 hours

In the morning of January 14, the price of the leading cryptocurrency reached $38,625. Over the last 24 hours, Bitcoin rose 10.2%, according to CoinGecko.

Data: CoinGecko.

Quotes rose above $38,600 (on Bitstamp).

Data: Bitstamp.

Market capitalization reached $1.045 trillion, per CoinGecko. The total value of the leading cryptocurrency surpassed $715 billion.

Analysts at Skew note Bitcoin’s recovery to $40,000 amid subdued spot volumes.

Earlier on January 11, the price temporarily fell below $31,000. By the end of the day (MSK), quotes had returned to $33,000.

Earlier, Guggenheim Partners urged selling Bitcoin. “The Bond King” Jeffrey Gundlach said that digital gold has entered a bubble zone.

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