Previous close | 0.503727 |
Open | 0.503727 |
Day's range | 0.500006 - 0.524494 |
52-week range | 0.412962 - 0.887511 |
Start date | 2013-08-04 |
Algorithm | N/A |
Market cap | 28.485B |
Circulating supply | 55.13B |
Max supply | N/A |
Volume | |
Volume (24 hrs) | 1.40B |
Volume (24 hrs) all currencies | 1.40B |
Crypto bulls are hoping that Bitcoin’s ‘halving’ will be a catalyst for further gains in the world’s largest cryptocurrency.
The crypto has fallen this week ahead of a key catalyst. Traders are bracing for more declines but the longer-term outlook is stronger.
and other cryptocurrencies were little changed Friday, hovering at levels that have held for much of this week as Bitcoin’s halving—which will reduce token supply—looms as a key catalyst for cryptos. The price of has hovered around flat over the past 24 hours at $70,800, levels around which the largest digital asset has traded for much of the past week and within striking distance of its mid-March all-time high near $74,000. Bitcoin has recovered from a brief selloff on Wednesday, when data showed persistent inflation that could stop the Federal Reserve from cutting interest rates—which should be supportive for cryptos—as soon as once expected.