Bitcoin Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin's price has fallen 4.09% in the past 24 hours to $66,787.00, continuing a negative trend over the past week with a 4.0% loss. Trading volume has increased by 19.0% while the circulating supply has decreased by 0.22%.
June 11, 2024 | 3:02 pm
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NEGATIVE IMPACT
Bitcoin's price has dropped 4.09% in the past 24 hours to $66,787.00, continuing a week-long decline of 4.0%. Trading volume has increased by 19.0%, while the circulating supply has decreased by 0.22%.
The significant drop in Bitcoin's price over the past 24 hours and the past week indicates a bearish trend. The increase in trading volume suggests heightened market activity, possibly due to selling pressure. The decrease in circulating supply could indicate reduced liquidity, further contributing to price volatility.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100