Bitcoin (BTC) is a decentralized cryptocurrency that's currently trading at $95,379, with a market capitalization of $1.89 trillion. Here's a breakdown of its recent performance:
Price Movement: Bitcoin's price has seen a slight decrease of 0.86% to $95,379, with a 24-hour trading range of $95,338.90 to $96,533.23.
Market Performance: Over the past year, Bitcoin has delivered an impressive return of 54.09%, outperforming the S&P 500 benchmark. Volatility: Bitcoin's volatility stands at 15.17%, representing the average percentage change in its value over the past month.
Key Statistics
Market Capitalization*: $1.89 trillion
24-Hour Trading Volume: $15.44 billion
Circulating Supply: 19.85 million BTC
Max Supply: 21 million BTC
Recent Developments
Mining Firm Expansion: Bit Digital, a Bitcoin mining firm, has filed to raise up to $500 million for expansion into high-performance computing and cloud services.
Support and Resistance Levels: Traders are watching key support levels around $94,000 and resistance levels at $97,700.
Performance Comparison Year-to-Date (YTD) Return: 3.73%
1-Year Return: 54.09%
10-Year Annualized Return: 83.05%, significantly outperforming the S&P 500 benchmark.