Time period | Change amount | % Change |
---|---|---|
1H | $ 132.66 | 0.35% |
24H | $ 414.15 | 1.08% |
7D | $ 917.36 | 2.4% |
14D | $ 1991.29 | 5.2% |
30D | $ 4287.95 | 11.2% |
1Y | $ 47237.86 | 123.42% |
Bitcoin price today is $38275 with a 24-hour trading volume of 17.82B, and as such Bitcoin has a market cap of 750.11B, giving it a market dominance of 49.58%. The Bitcoin price moved 1.08% in the last 24 hours.
Bitcoin reached its highest price on 2021-11-10 when it was trading at its all-time high of $69045, while its lowest price was recorded on 2013-07-06 when it was trading at its all-time low of $67.81. The current lowest price since the last cycle high was $67.81, and the highest price since the last cycle low was $69045. The social sentiment of Bitcoin is currently Positive.
The current circulating supply of Bitcoin is 19.56M BTC. In terms of market cap, Bitcoin is currently ranked 1.
Bitcoin originated from a financial crisis in the United States in 2008. At that time, a large number of U.S. borrowers were unable to repay on time, causing banks to fall into a liquidity crisis. The U.S. government continued to print dollars to try to rescue the market, which eventually intensified the collapse of the "trust foam", leading to the outbreak of the financial crisis. The event fully exposed the fatal shortcomings of the centralized model: the central institution between the two parties to the transaction may not always play a positive role.
There are two schools of thought in determining the price of Bitcoin.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Bitcoin, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Bitcoin from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Bitcoin on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Bitcoin as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Bitcoin and the cryptocurrency market as a whole.
Date | Market Cap | Volume | Open | Close |
---|---|---|---|---|
2023-12-01 | $16.56B | $737.65B | $37711.82 | N/A |
2023-11-30 | $20.96B | $740.49B | $37810.35 | $37711.82 |
2023-11-29 | $19.71B | $738.81B | $37802.24 | $37810.35 |
2023-11-28 | $17.97B | $728.04B | $37250.17 | $37802.24 |
2023-11-27 | $10.22B | $733.37B | $37491.84 | $37250.17 |
2023-11-26 | $7.5B | $739.53B | $37809.85 | $37491.84 |
2023-11-25 | $22.99B | $737.61B | $37738.93 | $37809.85 |
2023-11-24 | $11.95B | $728.81B | $37293.32 | $37738.93 |
Website | bitcoin.org |
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Explorers | https://blockchair.com/bitcoin/ |
Community | |
Tags | Cryptocurrency Layer 1 (L1) |