Bitcoin was seen trading slightly higher on Thursday morning, holding above the $113,000 mark as market sentiment steadied after a volatile few weeks.
The world’s largest cryptocurrency rose by $3.90 to $113,967 at around 9:40 AM UTC, briefly touching an intraday high of $114,438 at 6:51 AM before slipping back into the red moments later, dipping $123 to $113,838 by 9:45 AM.
Despite the back-and-forth movement, Bitcoin’s current level reflects a notable recovery from the $110,979 mark it hit around 1:30 AM UTC on Wednesday.
Even so, the token remains well below the $123,332 level seen a month ago on August 14.
Over a longer horizon, however, BTC’s rally remains impressive. It has surged by around $34,367, or 43 percent, in the past six months. Year to date, it is up 21.85 percent, or about $20,418.
In one-year terms, the gains are even sharper at over 100 percent, translating to an increase of $57,182.
