(VIANEWS) – As Bitcoin looks to continue its recent rally, the largest digital currency has surged 15% to reach $40,000. Any breakout above the top suggests further gains.
As the largest digital token rose on speculation, investors scrambling to cover negative bets fuelled the surge, with the currency reaching a high of US$40,545, its highest level since June 15. According to Bybt.com statistics, more than US$950 million in crypto shorts were liquidated on Monday, the highest since May 19.
Amazon revealed on Friday that it is looking to hire a digital currency and blockchain specialist to its payments team, implying that it is interested in bitcoin and other cryptocurrencies.
Bitcoin (BTC-USD) Cryptocurrency is currently on bullish momentum by 5.86% in the last 24 hours. At 11:40 EST on Saturday, 31 July, Bitcoin (BTC-USD) is at $41,418.0000.
Today’s last reported volume for Bitcoin is 34675430687, 29.77% below its average volume of 49375497524.36.
All-Time High and Low
Bitcoin’s current value is at $41418, 35.76% below its all-time high of $64805 on Wednesday, 14 April.
Bitcoin’s current value is at $41418, 61296.48% above its all time low of $64805 on Saturday, 6 July.
Market Cap and Supply
Bitcoin’s current market cap is at 778950724362. The total supply is 21,000,000.00, maximum supply is 21,000,000.00, and the circulating supply is 18,772,325.00.
Bitcoin (BTC-USD) Range
Concerning Bitcoin’s daily highs and lows, it’s 6.14% up from its trailing 24 hours low of $39,023.0000 and 1.65% down from its trailing 24 hours high of $42,114.0000.
Currently, Bitcoin (BTC-USD) has 2986868 Twitter followers and 3229917 Reddit subscribers.
As of now, on Github, there are 29494 forks, 55888 stars, and 3836 subscribers.
Bitcoin’s last week, last month’s, and last quarter’s current volatility was 3.65%, 0.61%, and 3.95%, 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 4.78% (last week), 3.06% (last month), and 3.95% (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)
Microstrategy Bitcoin bet is a win and a loss at the same time. According to Bloomberg Quint on Friday, 30 July, “The tech company’s 105,085 Bitcoin would produce a paper gain of about $1.4 billion if sold at Friday’s prices — that’s more than double what MicroStrategy has posted in cumulative earnings in the last 25 years, data compiled by Bloomberg show. “, “While MicroStrategy shares are up 60% this year they have shed half their value from a February record amid Bitcoin volatility. ”
Bitcoin in longest winning streak in 2021 as crypto rebounds. According to Bloomberg Quint on Wednesday, 28 July, “A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year.”, “Now there are signs retail investors are starting to pile back into cryptocurrencies, according to Ben Onatibia and Giacomo Pierantoni of VandaTrack Research, citing a rise in Bitcoin trading volumes across major exchanges.”
Bitcoin eyes longest winning streak in 2021 amid crypto rebound. According to Bloomberg Quint on Wednesday, 28 July, “A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year.”, “For now these narratives have taken the focus away from criticism of Bitcoin for the environmental cost of the energy consumed by the servers underpinning it. ”
More news about Bitcoin (BTC-USD).