The price of bitcoin (BTC) hit a 13-month high above $9,300 on Sunday.
The leading cryptocurrency by market capitalization rose to $9,325 at 05:45 UTC – the highest price since May 10, 2018, according to CoinDesk’s Bitcoin Price Index.
BTC was last seen trading at $9,295, representing 6 percent gains on the day. On a weekly basis, the cryptocurrency is up more than 16 percent.
More than $19 billion worth of bitcoin has been traded across cryptocurrency exchanges in the last 24 hours, according to Messari data. Meanwhile, major exchanges included in the calculation of Bitwise’s “real” bitcoin trading volume are currently reporting the 24-hour volume figure at $867,697,751.
With the price rise, Bitcoin’s dominance rate, or its share of the total cryptocurrency market, has ticked higher to 57.1 percent from lows near 55 percent see on Friday.