Bitcoin $BTC is currently trading at around $108,287, with a 0.6% decrease in the last 24 hours. The cryptocurrency's market capitalization stands at approximately $2.15 trillion, maintaining its position as the largest cryptocurrency by market cap.
*Key Statistics:*
- *Current Price*: $108,287
- *Market Capitalization*: $2.15 trillion
- *24-hour Trading Volume*: $26.4 billion
- *Circulating Supply*: 19.89 million BTC
- *Maximum Supply*: 21 million BTC
*Recent Price Movement:*
- *24-hour High*: $108,960
- *24-hour Low*: $107,591
- *7-day Price Change*: +1.29%
- *30-day Price Change*: +2.69%
*What's Behind the Price Movement?*
Bitcoin's price is influenced by various factors, including demand and supply, market sentiment, and global economic conditions. The recent halving event, which reduced the block reward for miners, has also impacted the price ¹ ².
*Expert Insights:*
Some analysts believe that Bitcoin's current price is undervalued, with one analysis suggesting that the Mayer Multiple indicator shows a price of $108,000 is undervalued. Additionally, there are predictions that Bitcoin's price could fluctuate in the coming months, with some forecasts suggesting a potential increase ¹.
*Staying Up-to-Date:*
To stay informed about Bitcoin's price and market trends, it's essential to follow reputable sources and stay up-to-date with the latest news and analysis ³.