Bitcoin's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin (BTC) experienced a 4.35% price increase over the last 24 hours, reaching $61,624, despite a weekly loss of 4.0%. Its trading volume rose by 14.0%, and the circulating supply increased to 19.69 million, about 93.78% of the max supply. Bitcoin's market cap remains #1 at $1.22 trillion.
May 03, 2024 | 3:00 pm
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Bitcoin's price increased by 4.35% in the last 24 hours, reaching $61,624, with a 14% rise in trading volume and an increase in circulating supply to 19.69 million.
The short-term price increase of Bitcoin, coupled with a significant rise in trading volume and a slight increase in circulating supply, indicates a positive market sentiment. The recovery from a weekly loss and the maintenance of its position with a $1.22 trillion market cap suggests strong investor confidence and potential for further gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100