Bitcoin price $BTC
seems relatively stable with an increase of 2.19% reaching about 96,476 USD. This reflects a normal fluctuation in the market, while other cryptocurrencies are affected by different volatilities.
*Bitcoin performance against other cryptocurrencies:*
- *Bitcoin Cash (BCH)*: The price of Bitcoin Cash increased by 6.34% reaching about 377.20 USD.
- *Wrapped Bitcoin (WBTC)*: The price of Wrapped Bitcoin increased by 2.20% reaching about 96,497 USD.
*Factors affecting Bitcoin price:*
- *Supply and demand*: The price of Bitcoin is affected by supply and demand in the market.
- *Changes in government policies*: Changes in government policies can affect the price of Bitcoin.
- *General economy*: The price of Bitcoin is influenced by the general economy, including unemployment rates, inflation, and economic growth ¹ ² ³.
*Comparison between Bitcoin and other cryptocurrencies:*
- *Market capitalization*: The market capitalization of Bitcoin is about 1.91 trillion USD, while the market capitalization of Bitcoin Cash is about 7.15 billion USD.
- *Trading volume*: The trading volume for Bitcoin is about 30.78 billion USD in the last 24 hours ⁴ ¹.