Bitcoin's Price Increased More Than 10% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin (BTC) experienced a significant price increase of 10.28% over the past 24 hours, reaching $57,004.00. This surge is part of a positive trend over the past week, with a 10.0% gain from $52,013.93. The coin's all-time high is $69,045.00. Trading volume for Bitcoin has risen 145.0% over the past week, while the circulating supply slightly decreased by 0.05% to 19.64 million, approximately 93.52% of its max supply. Bitcoin's market cap ranks #1 at $1.11 trillion.
February 27, 2024 | 3:00 pm
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Bitcoin's price surged by 10.28% in the last 24 hours, reaching $57,004, and has seen a 10% increase over the past week. The trading volume has significantly increased by 145%, and the circulating supply has slightly decreased.
The significant price increase of Bitcoin over the past 24 hours and the past week, coupled with a substantial rise in trading volume, indicates strong market interest and positive momentum. The slight decrease in circulating supply could also contribute to the price increase due to reduced availability. Given these factors, the short-term impact on BTCUSD is likely positive.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100