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Bitcoin Decreases More Than 6% Within 24 hours

Stock Markets Jun 14, 2022 15:42
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© Reuters. Bitcoin Decreases More Than 6% Within 24 hours

Over the past 24 hours, Bitcoin's (CRYPTO: BTC) price has fallen 6.01% to $22,231.00. This continues its negative trend over the past week where it has experienced a 25.0% loss, moving from $29,616.46 to its current price.

The chart below compares the price movement and volatility for Bitcoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Bitcoin's trading volume has climbed 95.0% over the past week along with the circulating supply of the coin, which has increased 0.58%. This brings the circulating supply to 19.07 million, which makes up an estimated 90.8% of its max supply of 21.00 million. According to our data, the current market cap ranking for BTC is #1 at $423.88 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Bitcoin Decreases More Than 6% Within 24 hours
 

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