Bitcoin Rises More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin (BTC) has seen a significant increase in value, rising 5.34% in the last 24 hours to $41,674.00, and a 14.0% gain over the past week. The coin's all-time high is $69,045.00. The trading volume for Bitcoin has surged by 89.0% over the past week, and the circulating supply has slightly increased to 19.56 million coins, which is 93.15% of the maximum supply. Bitcoin currently holds the #1 market cap ranking at $815.03 billion.
December 04, 2023 | 3:00 pm
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POSITIVE IMPACT
Bitcoin's price has experienced a notable increase, with a 5.34% rise in 24 hours and a 14% gain over the past week. The trading volume has also significantly increased by 89%, indicating heightened investor interest and potential for continued price momentum.
The sharp rise in Bitcoin's price and trading volume suggests strong market interest, which could lead to further short-term gains. The increase in circulating supply is minimal and unlikely to dampen the positive price momentum. As Bitcoin is the leading cryptocurrency, its price movements are highly influential in the crypto market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100