Bitcoin Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin (BTC) experienced a 4.26% decrease in price over the last 24 hours, marking a 10% decline over the past week, with its price now at $60,165. Despite the price drop, trading volume for Bitcoin has increased by 82% over the past week. The circulating supply has slightly decreased to 19.69 million, representing 93.77% of its max supply. Bitcoin maintains its position with a market cap of $1.18 trillion.
April 30, 2024 | 7:00 pm
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Bitcoin's price has decreased by 4.26% in the last 24 hours, with a 10% decline over the week. The trading volume has increased by 82%, and the circulating supply has slightly decreased.
The significant decrease in Bitcoin's price over both the last 24 hours and the past week, combined with the increase in trading volume, suggests a heightened market activity possibly due to selling pressure. The slight decrease in circulating supply might not be enough to counteract the price drop in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100