Image Source: Upsplash
Bitcoin's (BITCOMP) price has increased approximately 0.75% over the past 24 hours to around $42,016. Over the past week, BTC has experienced an uptick of over 7.0%, moving from $39,126.97 to its recent price. As it stands right now, the coin's all-time high is $69,045.
The chart below compares the price movement and volatility for Bitcoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has increased 244% over the past week. Meanwhile, the overall circulating supply of the coin has increased 0.14% to over 18.99 million, which makes up an estimated 90.42% of its max supply, which is 21.00 million. The current market cap ranking for BTC is #1 at 795.29 billion.
The 42 thousand barrier is still a strong resistance level that the coin keeps bouncing around. Bitcoin recently managed to hit it, but it once again dropped below the barrier. Everything is in place for BTC to imminently break this barrier.
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