Bitcoin Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin's price has fallen 3.33% in the past 24 hours to $60,182.00, continuing a negative trend over the past week with a 1.0% loss. Trading volume has risen 21.0% over the past week, while circulating supply decreased by 0.38%.
July 05, 2024 | 2:59 pm
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NEGATIVE IMPACT
Bitcoin's price has fallen 3.33% in the past 24 hours to $60,182.00, continuing a negative trend over the past week with a 1.0% loss. Trading volume has risen 21.0% over the past week, while circulating supply decreased by 0.38%.
The 3.33% drop in Bitcoin's price over the past 24 hours, along with a 1.0% loss over the past week, indicates a negative trend. The increase in trading volume by 21.0% suggests heightened market activity, but the decrease in circulating supply by 0.38% could indicate reduced liquidity. Overall, these factors are likely to exert downward pressure on Bitcoin's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100