What is happening to BTC?🙊#Writing2Earn
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Bitcoin (BTC), the pioneer of cryptocurrencies, has witnessed significant fluctuations over time. Here are some key insights:
Price Movement:
1 day: Bitcoin experienced a -4.93% decline.1 week: The price dropped by -5.20%.1 month: A positive trend of 6.81% was observed.6 months: Remarkably, the value surged by 138.45%.Year to date: A substantial growth of 56.79% occurred.1 year: The price soared by 135.13%.5 years: Over this period, Bitcoin skyrocketed by an astonishing 1232.40%.All time: The cumulative growth stands at an astounding 607771.56%1.
Market Capitalization:
Current market cap: $1.30 trillion (fully diluted market cap: $1.39 trillion).24-hour trading volume: $43.22 billion.
Volume-to-market cap ratio: 0.0308.All-time high: $73,794.Circulating supply: 19.67 million BTC.
Max supply: 21.00 million BTC1.
Bitcoin’s Significance:
Bitcoin remains the most traded cryptocurrency globally.
It was the first digital coin, paving the way for an entirely new asset class.
Advocates believe it could revolutionize the global financial system, although this remains speculative1.
Bitcoin’s journey from its inception to its current status as a financial disruptor has been nothing short of remarkable. Whether it will fulfill its potential as a transformative force remains to be seen, but its impact on the world of finance is undeniable.