Bitcoin price recorded as of August 10 at $ 29,589, an increase of 1.32% compared to 24 hours ago.
Bitcoin's market cap is at $575 billion. The 24-hour trading volume in the market fell nearly 4.7% to $18.3 billion.
The whole market is divided. Specifically: ETH down 0.1%, BNB down 0.7%, SOL down 0.03...
Bulls include XRP up 0.3%, ADA up 0.7%, DOGE up 0.13%...
Bitcoin price is experiencing an unusually calm period, with several volatility indicators hitting near-record lows. Although Bitcoin has been showing signs of upside since last night, Bitcoin's uptrend is still within a sideways market trend where the price has been trading between $28,670 - $31,000.
While Bitcoin experienced similar periods of sideways trading in the 2016 and 2019 cycles, the actual volatility of 2023 has hit multi-year lows. The 1-year actual volatility metric reached levels not seen for the Bitcoin price since December 2016.
Bitcoin's market cap is at $575 billion. The 24-hour trading volume in the market fell nearly 4.7% to $18.3 billion.
The whole market is divided. Specifically: ETH down 0.1%, BNB down 0.7%, SOL down 0.03...
Bulls include XRP up 0.3%, ADA up 0.7%, DOGE up 0.13%...
Bitcoin price is experiencing an unusually calm period, with several volatility indicators hitting near-record lows. Although Bitcoin has been showing signs of upside since last night, Bitcoin's uptrend is still within a sideways market trend where the price has been trading between $28,670 - $31,000.
While Bitcoin experienced similar periods of sideways trading in the 2016 and 2019 cycles, the actual volatility of 2023 has hit multi-year lows. The 1-year actual volatility metric reached levels not seen for the Bitcoin price since December 2016.
Comment:
“Market depth for Bitcoin is at yearly lows and during periods of low liquidity we tend to see more volatility shortened, both bullish and bearish. As always, we must step back and look at the bigger picture."
