Bitcoin, an electronic coin that uses encryption techniques to regulate and verify the transfer of funds, has experienced a 4.42% increase in its price against the US dollar over the last 24 hours. Currently, its price stands at $26,724.00, which is a complete reversal of its trend over the previous week, where it faced a 4.0% loss moving from $27,825.40. Bitcoin’s all-time high remains at $69,045.00.
The chart below shows the price movement and volatility of Bitcoin over the past day (left) and week (right). The gray bands indicate Bollinger Bands, that measure the volatility for both daily and weekly price movements. The larger the gray area, or the wider the bands are at any given moment, the higher the volatility.
In the past week, Bitcoin’s trading volume has seen an increase of 22.0%. Meanwhile, the overall circulating supply of Bitcoin has increased by 0.02%, and now, 19.39 million coins are available, which make up an estimated 92.36% of its max supply, which stands at 21.00 million. Bitcoin is currently ranked #1 in terms of market capitalization with a value of $518.30 billion.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
