(VIANEWS) – On Monday, bitcoin prices soared to six weeks high. Some investors attributed the rise to liquidating short positions and speculation about Amazon. com Inc. might be looking into digital currencies.
The Wall Street Journal reports that bitcoin rose to $39,112.05. This is more than 20% higher than its Friday 5 pm EDT level. CoinDesk also reported that it reached its highest point since June. Ether, the rival currency to bitcoin, rose more than 16%.
Bitcoin (BTC-USD) Cryptocurrency is currently on bearish momentum by 5.71% in the last 6 hours. At 18:40 EST on Monday, 26 July, Bitcoin (BTC-USD) is at $37,186.0000.
Today’s last reported volume for Bitcoin is 52806336831, 6.46% above its average volume of 49601506899.44.
All-Time High and Low
Bitcoin’s current value is at $37186, 42.57% below its all-time high of $64805 on Wednesday, 14 April.
Bitcoin’s current value is at $37186, 54786.41% above its all time low of $64805 on Saturday, 6 July.
Market Cap and Supply
Bitcoin’s current market cap is at 697884004070. The total supply is 21,000,000.00, maximum supply is 21,000,000.00, and the circulating supply is 18,767,562.00.
Currently, Bitcoin (BTC-USD) has 2963492 Twitter followers and 3218540 Reddit subscribers.
As of now, on Github, there are 29452 forks, 55769 stars, and 3827 subscribers.
Bitcoin’s last week, last month’s, and last quarter’s current volatility was 0.34%, 0.02%, and 3.81%, 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 2.25% (last week), 2.84% (last month), and 3.81% (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 oversold (<=20).
Other News About Bitcoin (BTC-USD)
Bitcoin surges amid short covering, speculation over Amazon plan. According to Bloomberg Quint on Monday, 26 July, “Musk, chief executive officer of Tesla Inc. — which already owns Bitcoin — revealed at a conference last week that his space exploration company SpaceX also does. “, “More than $700 million of Bitcoin shorts were liquidated on Monday, the most of any day in at least the past three months, according to data from Bybt.com.”
AMZN news: Amazon sends Bitcoin price soaring as it plans to begin accepting crypto payment. According to FXStreet on Monday, 26 July, “Amazon sent the price of Bitcoin soaring on Monday as reports hit the wires that it plans to start accepting Bitcoin for payment by the end of the year. “, “City AM reported that Amazon is looking to start accepting payments in Bitcoin by the end of the year and is also looking to launch its own token in 2022. ”
Bitcoin miner crusoe energy seeks new loan to expand operations. According to Bloomberg Quint on Monday, 26 July, “After months of slumping prices, Bitcoin surged close to $40,000 on Monday, buoyed by short-covering and speculation over Amazon.com Inc.’s involvement in the crypto industry.”, “Data center company Crusoe Energy Systems Inc. is sounding out investor interest in a potential debt deal that would help grow the firm’s Bitcoin mining business, according to people with knowledge of the mater.”
More news about Bitcoin (BTC-USD).