Bitcoin Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin's price has decreased by 4.43% over the past 24 hours to $27,850.00, continuing its downward trend over the past week of -5.0%. The trading volume for the coin has increased 76.0% over the past week while the overall circulating supply of the coin has increased 0.05% to over 19.46 million.
August 17, 2023 | 7:00 pm
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NEGATIVE IMPACT
Bitcoin's price has decreased by 4.43% over the past 24 hours, continuing its downward trend over the past week. The trading volume has increased by 76.0% over the past week.
The decrease in Bitcoin's price over the past 24 hours and the past week indicates a bearish trend. The increase in trading volume suggests that more investors are selling their holdings, which could further drive down the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100