Bitcoin (BTC) has undergone a moderate price correction, decreasing by 3.85% over the past 24 hours to reach $64,222.00. This decline is in contrast to the coin’s performance over the past week, where it has exhibited an upward trend of 5.0%, climbing from $61,469.74 to its current level. A comparison of the price movements and volatility over the past 24 hours (left) and the past week (right) highlights the varying market conditions. The gray bands, known as Bollinger Bands, indicate the volatility of the daily and weekly price movements. Wider bands or larger gray areas signify increased volatility. In terms of trading volume, BTC has experienced a decrease of 48.0% over the past week. This change aligns with the reduction in the coin’s circulating supply, which has declined by 0.18% to 19.69 million. This circulating supply represents approximately 93.76% of the maximum supply of 21.00 million BTC. According to the latest market data, BTC maintains its position as the leading cryptocurrency by market capitalization, with a current valuation of $1.27 trillion.
Bitcoin’s Price Dips 3.85%, Weekly Gains Offset
