The price of Bitcoin has jumped 6% in the last 24 hours and has once again pierced the $40,000 level. Over the past week, the flagship cryptocurrency has increased its value by as much as 18%. Bitcoin at $40,000 is a fact! Bitcoin's great comeback Bitcoin has reached its highest price since its sudden drop to $31,500 on January 27. This drop occurred after the price reached ATH on January 8. Today's price is a continuation of the rally that began earlier this week. The price of BTC started to bounce from the level around $33,600 on Monday. Bitcoin's 24-hour trading volume was $74.3 billion today, up 17.34% from yesterday's $61 billion. ETH and XRP also up Other cryptocurrencies are also seeing increases. For Ethereum we have to pay $ 1687, which means that the second largest cryptocurrency is at 24% plus in seven days. Yesterday, the coin broke another all-time record, reaching a price just above $1,720. XRP reached $0.43 today, up 0.14% in the last 24 hours. The coin is up 44.91% this week. On February 1, the price of XRP jumped to a peak of $0.75 after 295,000 traders on the Telegram group "Pump and Hold XRP" announced that they were pumping the price. The pump and its success were short-lived, however. At this point, the group's membership has dropped to 165,000. Earlier this week, Bloomberg senior commodity strategist Mike McGlone said that bitcoin has entered a consolidating bull market. McGlone assessed that $50,000 is an "initial target resistance level." You can always check the current exchange rate of bitcoin and other cryptocurrencies at bitcoin.co.uk. Places where you can buy BTC and other coins include the BitBay.net cryptocurrency exchange. If you don't have an account on BitBay yet, this article will show you how you can create one efficiently: LINK. Tags bitcoin btc price
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