Bitcoin Up More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin's price has risen 3.88% to $26,337.00 in the past 24 hours, despite a negative trend over the past week. The trading volume has increased by 49.0%, while the circulating supply has decreased by 0.01%. The current market cap ranking for BTC is #1 at $511.55 billion.
June 16, 2023 | 7:00 pm
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Bitcoin's price has risen 3.88% in the past 24 hours, with increased trading volume and a slight decrease in circulating supply. The current market cap ranking for BTC is #1 at $511.55 billion.
The increase in Bitcoin's price and trading volume, along with its #1 market cap ranking, indicates a positive short-term impact on its value. The slight decrease in circulating supply may also contribute to the price increase, as it creates a perception of scarcity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100