Bitcoin Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin's price has fallen 3.34% to $27,372.00 in the past 24 hours, contrasting its positive trend over the past week where it gained 5.0%. The trading volume for Bitcoin has increased 135.0% over the past week, while the overall circulating supply of the coin has decreased 0.02%. The current market cap ranking for BTC is #1 at $532.66 billion.
October 03, 2023 | 3:00 pm
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NEGATIVE IMPACT
Bitcoin's price has dropped 3.34% in the past 24 hours, despite a 5.0% gain over the past week. The trading volume has increased 135.0% over the past week.
The drop in Bitcoin's price in the past 24 hours, despite its positive trend over the past week, could potentially impact the short-term price of BTCUSD negatively. The increase in trading volume indicates a heightened interest in the asset, which could lead to increased volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100