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Price of Bitcoin (BTC) Is Now Trading Above the 20-Day EMA Line

Published 01/07/2023, 03:48 AM
Updated 01/07/2023, 04:00 AM
© Reuters Price of Bitcoin (BTC) Is Now Trading Above the 20-Day EMA Line
BTC/USD
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  • BTC’s price has risen 2.35% over the last 24 hours.
  • The market leader is also second on CoinMarketCap’s trending list.
  • The daily RSI indicator suggests that BTC’s price has peaked in its latest move up.

Bitcoin (BTC), the crypto market leader, has gained some strength against the US Dollar over the last 24 hours, according to CoinMarketCap. At press time, BTC’s price has risen 0.86%. This has also added to its positive weekly performance, which now stands at 2.35%. As a result, BTC’s price currently stands at $16,942.91.

Bitcoin also occupies the number 2 spot on CoinMarketCap’s list of trending projects, placing it behind Solana (SOL and above Shiba Inu (SHIB).

The daily trading volume for BTC has dropped as we head into the weekend. At press time, total trading volume for BTC over the last 24 hours is down 2.67% – taking the total to $13,650,132,963.

The post Price of Bitcoin (BTC) Is Now Trading Above the 20-Day EMA Line appeared first on Coin Edition.

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