Bitcoin's Price Increased More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin (BTC) has seen a significant price increase of 6.37% in the last 24 hours, reaching $46,945. The past week also saw a rise of over 6% from $43,113.39. The trading volume surged by 89% over the week, while the circulating supply slightly decreased by 0.4%. Bitcoin's market cap remains at the top, currently valued at $919.10 billion.
January 08, 2024 | 7:00 pm
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Bitcoin's price surge and increased trading volume indicate strong market activity, which could lead to continued short-term bullish behavior for BTCUSD.
The price increase and higher trading volume typically suggest strong investor interest and potential for further price appreciation in the short term. The decrease in circulating supply could also contribute to upward price pressure due to the reduced availability of coins.
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