Bitcoin Breaks the 42K Barrier

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The price of Bitcoin (CRYPTO: BTC) is up 1.44% in the past 24 hours to $42,318. Over the past week, BTC has seen an increase of more than 8.0% from $39,138.18 to its current price. As it stands, the all-time high is $69,045.

The chart below compares the price movement and volatility for Bitcoin over the past 24 hours (left) with price movement over the past week (right). The gray bands are bollinger bands and measure volatility for both the daily and weekly price movements. The wider the bands, or the larger the gray area at any given time, the greater the volatility.

price chart

Bitcoin’s trading volume is up 275.0% in the past week, moving in tandem, directionally, with the coin’s total circulating supply rising 0.03%. This brings the circulating supply to 18.99 million, which is an estimated 90.42% of the maximum supply of 21.00 million. According to our data, the current market cap for BTC ranks #1 at 803.10 billion.

supply_and_vol


This post Bitcoin Breaks the 42K Barrier was original published at “https://www.benzinga.com/markets/cryptocurrency/22/03/26211594/bitcoin-breaks-the-42k-barrier”

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