Per CryptoCompare, at around 05:10 UTC on Wednesday (June 26), the Bitcoin price surged and reached to $12,829, a level not seen since January 2018.
Within eight hours, Bitcoin‘s price went from $11,369 to $12,829, for an increase of 12.84%. At press time on June 26th, BTC is trading around $12,558, up 10.74% in the past 24-hour period.
The total reported market cap for all coins/tokens is $341,94, while Bitcoin’s market cap is $222.93 billion making Bitcoin enjoy a dominance rate of 65.2%.
Although Bitcoin’s price is still down 38% from the all-time high (ATH) it reached in December 2017, it’s return on investment (ROI) is a very impressive 238.82% to date.
Facebook’s Unveiling of project Libra and the Fear of Missing Out (FOMO) have been named as the two factors driving up the price of Bitcoin, as well as a few other positive catalysts.