Bitcoin Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin (BTC) experienced a 3.7% decrease in price over the last 24 hours, falling to $69,121.00, despite a 6.0% increase over the past week. The trading volume has decreased by 36.0%, while the circulating supply rose by 0.16% to 19.68 million, approximately 93.7% of its max supply. Bitcoin's market cap remains #1 at $1.36 trillion.
April 09, 2024 | 3:02 pm
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NEGATIVE IMPACT
Bitcoin's price saw a 3.7% decrease to $69,121, with a 36% drop in trading volume and a slight increase in circulating supply to 19.68 million.
The decrease in Bitcoin's price over the last 24 hours, coupled with a significant drop in trading volume, suggests a short-term bearish outlook. The slight increase in circulating supply may also contribute to the price decrease. However, the overall market cap ranking and the recent weekly gain indicate underlying strength, moderating the impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100