Bitcoin Price Analysis: Current Trends and Historical Context
Bitcoin is currently valued at $97,344, with a market cap of $1.93 trillion and a market dominance of 60.47%. The cryptocurrency has seen a 118% price increase in the past year and is actively traded across various exchanges. Bitcoin’s circulating supply is 19.81 million, with an inflation rate of 0.98% per year.
As of today, Bitcoin’s price stands at $97,344, accompanied by a 24-hour trading volume of $69.62 billion. The cryptocurrency boasts a market capitalization of $1.93 trillion, with a market dominance of 60.47%. Notably, Bitcoin’s price has experienced a slight decrease of 0.50% in the past 24 hours.
Bitcoin achieved its all-time high on January 20, 2025, reaching a valuation of $109,079. Conversely, the lowest recorded price occurred on July 17, 2010, at merely $0.05. The lowest Bitcoin price following its peak stands at $92,692, while the highest price observed since that cycle achieved $102,289. Currently, market sentiment regarding Bitcoin remains neutral, with the Fear & Greed Index reflecting a score of 44, indicative of fear in the market.
Currently, Bitcoin’s circulating supply reaches 19.81 million coins, out of a maximum supply limit of 21 million. In the last year, the yearly supply inflation rate has been measured at 0.98%, leading to the creation of 193,011 BTC during this period. Bitcoin maintains its position as the top asset within the Proof-of-Work and Layer 1 categories in the cryptocurrency market.
Over the past year, Bitcoin has experienced a remarkable price increase of 118%, outperforming 78% of the top 100 cryptocurrencies, including Ethereum. At present, Bitcoin is trading above its 200-day simple moving average, indicating robust performance, and is approaching its cycle highs. The Bitcoin market is active on various exchanges, including Binance, and allows trades with the Pakistani Rupee.
Bitcoin, created in 2009, is the first and most widely recognized cryptocurrency, serving as both a speculative asset and a medium of exchange. The cryptocurrency’s price has experienced significant fluctuations throughout its history, influenced by market conditions, investor sentiment, and technological developments. Understanding Bitcoin’s price dynamics, including highs and lows, helps to gauge investor behavior and market trends, making it a critical asset within the cryptocurrency landscape.
In summary, Bitcoin remains a dominant asset in the cryptocurrency market with a current price of $97,344, reflecting slight daily losses but significant annual gains. Its prevailing market conditions exhibit a neutral sentiment amid growing trading volume, highlighting its resilience and steady supply dynamics. Investors should remain aware of the historical context of Bitcoin’s price movements to make informed decisions regarding their cryptocurrency investments.
Original Source: www.binance.com
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