$62365.6
Time period | Change amount | % Change |
---|---|---|
1H | $-3.12 | -0.0050% |
24H | $-483.94 | -0.77% |
7D | $+2850.76 | +4.79% |
30D | $-5957.8 | -8.72% |
1Y | $+33807.31 | +118.38% |
Bitcoin price today is $62365.6 with a 24-hour trading volume of $12.91 B, and as such Bitcoin has a market cap of $1227.32 B, giving it a market dominance of 51.038%. The Bitcoin price moved -0.7700% in the last 24 hours.
Bitcoin reached its highest price on 2024-03-14 when it was trading at its all-time high of $73738, 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 $73738. The social sentiment of Bitcoin is currently Negative.
The current circulating supply of Bitcoin is $19.68 M BTC. In terms of market cap, Bitcoin is currently ranked 1.
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.
Transfer time | Transfer Volume | Transfer address | Transfer ID |
---|---|---|---|
2024-05-08 06:29:18 2024-05-08 06:29:18 | 727.08 BTC ≈$45.81 M | 3MqU...xXFd | ffac...50a5 |
2024-05-08 06:29:18 2024-05-08 06:29:18 | 734.3 BTC ≈$46.27 M | 3MqU...xXFd | 7f6e...283c |
2024-05-08 06:29:18 2024-05-08 06:29:18 | 200.32 BTC ≈$12.62 M | bc1q...rq64 | cfd4...6ee0 |
2024-05-08 06:29:18 2024-05-08 06:29:18 | 125 BTC ≈$7.88 M | 36eM...fKMm | 5cb6...3734 |
2024-05-08 06:29:18 2024-05-08 06:29:18 | 756.44 BTC ≈$47.66 M | 3MqU...xXFd | e585...ad55 |
2024-05-08 05:44:56 2024-05-08 05:44:56 | 160 BTC ≈$10.06 M | bc1q...266z | 114f...c9af |
2024-05-08 05:39:10 2024-05-08 05:39:10 | 107.51 BTC ≈$6.76 M | bc1q...d60m | 26e3...a162 |
2024-05-08 05:39:10 2024-05-08 05:39:10 | 157.3 BTC ≈$9.89 M | bc1q...y722 | 1899...b673 |
2024-05-08 05:39:10 2024-05-08 05:39:10 | 384.7 BTC ≈$24.19 M | 3MqU...xXFd | 7b1a...58db |
2024-05-08 05:22:49 2024-05-08 05:22:49 | 213.13 BTC ≈$13.4 M | 3MqU...xXFd | 90d3...b5a1 |
Bitcoin exchanges are seeing the kind of daily inflows more associated with BTC prices under $1,000.
A Trump election win could be positive for crypto as his administration would likely push for a more supportive regulatory environment, the report said.
The latest price moves in bitcoin (BTC) and crypto markets in context for May 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
BTC price eats away at positions as Bitcoin bulls attempt to carve a path higher.
GBTC has recorded inflows for two consecutive days — bringing its total inflows to $66.9 million.
The number of active bitcoin call contracts is significantly higher than puts, indicating bullish market sentiment.
Date | Market Cap | Volume | Open | Close |
---|---|---|---|---|
2024-05-07 | $1254.85 B | 463530.34 BTC | $63714.44 | N/A |
2024-05-06 | $1267.58 B | 278205.59 BTC | $64362.2 | $63714.44 |
2024-05-05 | $1245.47 B | 324489.99 BTC | $63240.5 | $64362.2 |
2024-05-04 | $1238.6 B | 327876.29 BTC | $62891.03 | $63240.5 |
2024-05-03 | $1164.36 B | 561074.63 BTC | $59122.3 | $62891.03 |
2024-05-02 | $1132.61 B | 859962.72 BTC | $57514.05 | $59122.3 |
2024-05-01 | $1182.16 B | 628331.16 BTC | $60031.39 | $57514.05 |
2024-04-30 | $1255.79 B | 416535.51 BTC | $63771.87 | $60031.39 |