• Bitcoin’s price is $21,854.50, with a decrease of $800 in the last 24 hours.
• The crypto markets‘ overall price graph since July 2022 shows a slow increase in Bitcoin’s price over the last month.
• Bitcoin’s recent surge was due to Jerome Powell’s comments on inflation at an economic forum in Washington.
Just under $22000, Bitcoin’s current price is $21,854.50, with a decrease of $800 in the last 24 hours.
Analyzing Bitcoin’s Behavior
The cryptocurrency market has the better part of the investing world in its clutch and is known for its volatile tendencies. Despite being the consistently top-performing asset in the crypto world, Bitcoin is known for its fluctuations over the years. The investors and corporations in the crypto world wait with anticipation as they keep their eye on the Bitcoin price graph.
Bitcoin’s total supply is around 19.28M while its max supply is at 21M and its 30D volatility is at 0.51. The token’s 24-hour value transaction is over $2 Billion and its 24H transaction count is 363,667.
Price Graph Since July 2022
The overall price graph since July 2022 shows a rugged gain tendency despite frequent sharp slumps, projecting a slow increase in Bitcoin’s price over the last month from around $23,723 to above $23000 at start of this week before dropping back to around 22K .
Reason For Recent Surge
The recent surge was due to Jerome Powell’s comments on inflation at an economic forum in Washington which caused bitcoin’s prices to skyrocket above 23K although it eventually dropped again below 22K soon after