In the crypto realm, what's the current value of Bitcoin (BTC)? As of today, Bitcoin is priced at $42,640, boasting a 24-hour trading volume of $24 billion. Its market capitalization sits at $887 billion, commanding a formidable 54% of the market share. Over the past day, BTC experienced a slight 0.85% decrease in price. In terms of circulating supply, 19.46 million BTC are in circulation out of a maximum possible supply of 21 million BTC.
Bitcoin's market analysis reveals a persistent bearish trend as it dipped below 42K. TL;DR Breakdown:
Bitcoin faced robust selling pressure, dropping to $41,700 after rejection above 43K. Resistance for BTC is holding strong at $43,666. Support for BTC/USD is found at $41,737. On January 15, the BTC price analysis confirms a solid selling pressure by bears, shaking buyers' confidence with a rejection at $43,000. However, BTC later rebounded, surging back above 42K.
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