Bitcoin weakly updates: Will Bitcoin Continue To Rally?
There’s been a little relief in the market and we’re gonna break down exactly what’s happening.
Bitcoin now trading at just below 24,000 dollars.
Bitcoin’s market cap is about 450 billion dollars
We have the inflation rate at 1.76 percent much lower than the 8.5% in US
90% of bitcoin has been issued into the circulating supply
and the real exchange volume in the last 24 hours is up significantly
now to over 26 billion dollars. We know that miners in the last 24 hours
have been paid 21.8 million dollars and GBTC is at a discount of 24.5%.
Bitcoin is still about 65% below its all-time high of 69,000 back in 2021
We probably saw the bottom somewhere in that 17,000 range, that doesn’t guarantee
that’s what happened but the market seems to be pricing in a lot more optimism than they
were just a few weeks ago. Bitcoin trading between 22k and 25k ends up being pretty healthy.