Crypto update: Bitcoin drops 1.13% during midday trading
The leading cryptocurrency saw a daily range of $85,516.05 - $89,277.48, reflecting ongoing market fluctuations.
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The leading cryptocurrency saw a daily range of $85,516.05 - $89,277.48, reflecting ongoing market fluctuations.
Bitcoin’s price action suggests continued volatility, with key resistance near $90,000. A break above this level could push BTC higher, while further corrections might test support around $85,000.
The cryptocurrency’s 24-hour trading volume has surged to $86.48 billion, indicating strong market activity despite the downturn.
U.S. Bitcoin ETFs saw $956 million in February outflows, the largest monthly exodus on record.
Bitcoin has traded within a 52-week range of $49,121.24 to $109,114.88, showcasing its volatility.
The decline in Bitcoin’s price aligns with mixed global market trends. In the U.S. pre-market session, major equity index futures are showing signs of recovery after Friday’s losses.
Bitcoin’s 24-hour trading volume has surged to $29.57 billion, reflecting strong market participation.
With a market capitalization of $1.92 trillion, Bitcoin continues to dominate the cryptocurrency market. The current circulating supply stands at 19.83 million BTC, with a 52-week range between $49,121.24 and $109,114.88.
Bitcoin's market capitalization currently stands at $1.907 trillion, with a circulating supply of 19.83 million BTC.
Bitcoin opened at $96,619.47 and fluctuated within a day’s range of $96,385.23 to $97,654.91.
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