CoinDesk data shows bitcoin\u2019s (BTC) price spiked $262 on\u00a0Monday at 17:10 UTC to $4,063, a move accompanied by a large injection of volume.<\/p>\n
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At press time, bitcoin is up 5.95 percent over the last seven days, regaining losses seen toward the end of December.<\/p>\n
Bitcoin\u2019s market capitalization has also risen substantially, up $4 billion on the day to $70.73 billion, its highest point since Dec. 25.\u00a0The move signals an expansion beyond the yearly low of $3,650 and an opportunity for the bulls to push higher this week, based on current price action and momentum.<\/p>\n
Still, bitcoin is just one of many cryptocurrencies enjoying strong upside momentum with litecoin<\/a> (LTC), NEO<\/a> (NEO) and Cardano<\/a> (ADA) leading the top 25, up 12.16, 10.6 and 9.11 percent respectively.<\/p>\n The total market capitalization of all cryptocurrencies is up $6.1 billion from yesterday\u2019s top of $132 billion and is currently sitting just above $138.1 billion CoinMarketCap data shows.<\/p>\n<\/div>\n<\/section>\n<\/div>\n