Bitcoin Decreases More Than 9% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin's price has fallen 9.2% in the past 24 hours to $54,076.00, continuing a week-long decline of 21.0%. Trading volume has surged 232.0% over the past week, while the circulating supply increased by 0.13%. Bitcoin's market cap stands at $1.07 trillion.
August 05, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bitcoin's price has dropped 9.2% in the past 24 hours to $54,076.00, continuing a 21.0% decline over the past week. Trading volume has increased by 232.0% over the past week, while the circulating supply has grown by 0.13%.
The significant drop in Bitcoin's price over the past 24 hours and week, combined with a substantial increase in trading volume, indicates heightened market volatility and potential investor concern. This is likely to negatively impact Bitcoin's short-term price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100