Bitcoin Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin's price has decreased by 3.01% in the past 24 hours, continuing a negative trend with a 2.0% loss over the past week. Trading volume has also fallen by 27.0%, and the circulating supply has slightly decreased. Bitcoin's market cap remains at $1.33 trillion.
May 31, 2024 | 7:00 pm
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NEGATIVE IMPACT
Bitcoin's price has fallen by 3.01% in the past 24 hours, continuing a negative trend with a 2.0% loss over the past week. Trading volume has also decreased by 27.0%, indicating reduced market activity.
The 3.01% drop in Bitcoin's price within 24 hours, along with a 2.0% loss over the past week and a 27.0% decrease in trading volume, suggests a bearish sentiment in the market. This is likely to negatively impact Bitcoin's short-term price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100