As of May 20, 2024, Bitcoin is trading at $67,224, indicating strong market performance. Over the past 24 hours, it has ranged between $66,000 and $67,431. The cryptocurrency’s market capitalization stands at $1.32 trillion, with a trading volume of $21.18 billion
Bitcoin
Bitcoin (BTC) in a prolonged uptrend, recently hitting a high of $67,654. Key support is found around $56,500, a level tested during the latest dip. Despite strong bullish momentum with multiple large upswings, there is noticeable selling pressure near the recent highs, indicated by subsequent dips. Volume fluctuations correspond with significant price movements, suggesting active market participation.
On March 12, 2024, Bitcoin hit a new All-time High of $73,000. In the sane week Bitcoin retraced to $65,000 in a quick nosedive.
The bears gained much advantage after some news headline about war rumors, bringing Bitcoin price to $57,000 on 1st May, 2024.
Bitcoin price rallied to $65,150 after the Wall Street open on May 15, as markets reacted to the Consumer Price Index (CPI) data and its implications for potential interest rate cuts in 2024.
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