Bitcoin Rises More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin (BTC) has seen a significant increase of 6.06% in the past 24 hours, reaching a price of $45,203.00. Over the last week, it has gained 7.0%, rising from $42,592.36. Despite this growth, it remains below its all-time high of $69,045.00. The trading volume has increased by 21.0% over the past week, while the circulating supply has slightly decreased by 0.18% to 19.59 million coins, which is 93.27% of the maximum supply. Bitcoin currently holds the #1 market cap ranking at $888.67 billion.
January 02, 2024 | 3:00 pm
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Bitcoin's price surge and increased trading volume indicate strong market interest, which could lead to continued short-term positive momentum for BTCUSD.
The price increase and higher trading volume of Bitcoin typically signal a bullish sentiment among investors, which can lead to further short-term price increases. The reduction in circulating supply could also contribute to upward price pressure. However, the volatility of the cryptocurrency market should be considered, as it can lead to rapid price changes.
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