Bitcoin Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin (BTC) has seen a 4.87% increase in its price over the last 24 hours, reaching $45,058.00. This rise is part of a positive trend over the past week, with a 6.0% gain from $42,580.47. The coin's all-time high is $69,045.00. Trading volume for Bitcoin has risen by 1.0% over the past week, and its circulating supply has slightly decreased, now at 93.44% of its max supply of 21.00 million. Bitcoin's market cap ranks it #1 at $884.39 billion.
February 08, 2024 | 3:00 pm
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Bitcoin's price has increased by 4.87% in the last 24 hours, reaching $45,058.00, and has shown a 6.0% gain over the past week. Its market cap is now $884.39 billion, maintaining its #1 ranking.
The positive price movement of Bitcoin over the past week, culminating in a 4.87% increase in the last 24 hours, indicates strong market momentum. This is further supported by a slight increase in trading volume and a stable circulating supply, which suggests continued investor interest and potential for further gains in the short term. The market cap ranking reinforces Bitcoin's dominant position in the cryptocurrency market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100