(VIANEWS – Following a major sell-off, Bitcoin and other digital cryptocurrencies were able to rebound on Wednesday. The world’s largest digital currency has reclaimed its previous high of $30,000.
According to CNBC, bitcoin’s price has risen roughly 4% in the last 24 hours to $30,798 as of 5:25 a.m. ET, according to Coin Metrics statistics. Smaller cryptocurrencies, such as ether and XRP, are also rebounding, with gains of approximately 7% and 3%, respectively.
The crypto market saw heavy selling on Tuesday. For the first time since June 22nd, Bitcoin dropped below $30,000 for the first time.
Bitcoin (BTC-USD) Cryptocurrency is currently on bullish momentum by 5.50% in the last 24 hours. At 16:40 EST on Wednesday, 21 July, Bitcoin (BTC-USD) is at $31,647.0000.
Today’s last reported volume for Bitcoin is 27948016372, 44.15% below its average volume of 50041807623.3.
All-Time High and Low
Bitcoin’s current value is at $31647, 51.17% below its all-time high of $64805 on Wednesday, 14 April.
Bitcoin’s current value is at $31647, 46570.1% above its all time low of $64805 on Saturday, 6 July.
Market Cap and Supply
Bitcoin’s current market cap is at 593493468350. The total supply is 21,000,000.00, maximum supply is 21,000,000.00, and the circulating supply is 18,762,825.00.
Bitcoin (BTC-USD) Range
Concerning Bitcoin’s daily highs and lows, it’s 6.77% up from its trailing 24 hours low of $29,640.0000 and 1.86% down from its trailing 24 hours high of $32,248.0000.
Currently, Bitcoin (BTC-USD) has 2934207 Twitter followers and 3205831 Reddit subscribers.
As of now, on Github, there are 29428 forks, 55689 stars, and 3826 subscribers.
Bitcoin’s last week, last month’s, and last quarter’s current volatility was a negative 1.16%, a negative 0.54%, and a positive 3.78%, respectively.
Bitcoin’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.85% (last week), 2.91% (last month), and 3.78% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Bitcoin’s crypto is considered to be overbought (>=80).
Other News About Bitcoin (BTC-USD)
Btc/usd forecast: Bitcoin pierces $30,000 level again – 21 July 2021. According to DailyForex on Wednesday, 21 July, “The Bitcoin market fell again during the trading session on Tuesday to pierce the $30,000 level, the bottom of the most recent consolidation area, which has the $40,000 level as a massive resistance barrier. “, “If you are a longer-term trader, then you can start looking to the idea of some type of significant breakdown in order to accumulate little bits and pieces to build up a larger Bitcoin position. ”
Musk says spacex owns Bitcoin, wood touts balance-sheet benefits. According to Bloomberg Quint on Wednesday, 21 July, “Hydroelectric, geothermal and nuclear energy could all be good sources of power for Bitcoin mining, he noted.”, “Speaking at “The B Word” conference hosted by the Crypto Council for Innovation, Musk discussed the outlook for Bitcoin with fellow backers Cathie Wood, head of Ark Investment Management, and Jack Dorsey, chief executive officer of Twitter Inc. and Square Inc.”
Bitcoin breaks $30,000 level, falls 2.7%. According to Bloomberg Quint on Tuesday, 20 July, “Bitcoin Dipped to 3-Week Low’I Put £2M Into Bitcoin’Ethereum Co-Founder Abandons CryptoMalaysian Seized 1,000 Bitcoin Mining RigsBitcoin Mining Difficulty Drops”
More news about Bitcoin (BTC-USD).