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Analyst Believes BTC’s Latest Pump Is Part of a Corrective Wave

Published 2022-12-05, 07:41 a/m
© Reuters.  Analyst Believes BTC’s Latest Pump Is Part of a Corrective Wave

  • BTC is currently trading at $17,323.03 after a 24-hour increase in price.
  • Trading volume for the crypto market leader has surged as well.
  • The crypto analyst, Bluntz, believes that BTC’s pump is part of a corrective wave.

The price of the crypto market leader, Bitcoin (BTC), has risen 1.69% over the last 24 hours according to the crypto market tracker, CoinMarketCap. This has also added to its positive weekly performance, taking its gain over the last 7 days to 6.81%. As a result, the price of BTC now stands at $17,323.03 at press time.

The 24-hour trading volume for BTC has also increased over the last 24 hours, as the total trade volume now stands at $21,349,841,284 – a 33.36% increase.

BTC’s total market cap has also risen over the last 24 hours as a result of its price increase over the time period. At press time, the market cap for BTC stands at approximately $333,114,660,427.

It does, however, look like altcoins outperformed BTC slightly as BTC’s dominance has dropped 0.04% over the last day.

The post Analyst Believes BTC’s Latest Pump Is Part of a Corrective Wave appeared first on Coin Edition.

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