Welcome to another daily analysis of the Bitcoin market. Bitcoin‘s price has been maintaining a steady flow today, with an average price of $26,426.
The BTC touched a high of $26,494 and a low of $26,089 in the last 24 hours, with a trading volume of approximately 13,182,747,693 units. Its market capitalization stands at a whopping $514,960,854,214, securing its number 1 rank amongst the top 50 Cryptos.
In terms of market cap dominance, Bitcoin is currently reigning at 42913.4045%, being the leader in the cryptocurrency market.
24-Hour Price Prediction
Given its consistent trend over the past 24 hours, the BTC price is expected to hold steady with minor fluctuations between $26,089 – $26,494.
7-Day Price Prediction
Over the past 7 days, Bitcoin has seen a price range of 2.8579%, with an apparent downtrend of -9.90347%. Considering these factors, it’s predicted that in the coming week, Bitcoin could potentially see a small dip before stabilizing.
The all-time high for Bitcoin is at $69,045 with an all-time low at $67.81. Currently, the circulating supply of Bitcoin is about 19,485,131 BTC against a max supply of 21,000,000 BTC.
Regarding market sentiment, it seems investors are still bullish on Bitcoin with a favorable sentiment of 73.68% despite the recent price drop. As always, since Bitcoin’s price movements set the trend for other cryptocurrencies, this positive sentiment is a good sign for the broader crypto market as well.
Stay tuned for more daily market analysis and don’t forget to keep an eye on the top 50 Crypto.
Remember, the market is susceptible to sudden changes and this analysis is meant to aid your own research, not replace it. Always trade responsibly!