Bitcoin Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin (BTC) has seen a 4.15% decrease in price over the last 24 hours, continuing a negative trend with a 9% loss over the past week. The trading volume has decreased by 22%, and the circulating supply has slightly decreased. Bitcoin's market cap remains at $799.79 billion, maintaining its #1 ranking.
January 19, 2024 | 3:00 pm
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Bitcoin's price has fallen by over 4% in the last 24 hours and by 9% over the past week, indicating a bearish trend with decreased trading volume.
The decrease in Bitcoin's price and trading volume suggests a bearish sentiment in the market, which could lead to a short-term negative impact on BTCUSD. The continued downtrend and volatility indicated by the Bollinger Bands may cause concern among investors, potentially leading to further sell-offs.
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IMPORTANCE 75
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