BTCUSD Going Down??
If I'm going to trade BTC i will pay attention to the market capitalization. It is the total amount of BTC in circulation. In other words, the total amount of BTC currently being hold by HODLERS.
The 69,000 level all-time high of BTC had a market cap of 1.27T usd, then price went to 16,000 level reducing the market cap to 329B usd.
In this week (Feb 10-17, 2024), the BTC reached it peak at close to 53,000 level with a market cap of 1.04T usd, then liquidated 20B usd immediately.
The 69,000 level all-time high of BTC had a market cap of 1.27T usd, then price went to 16,000 level reducing the market cap to 329B usd.
In this week (Feb 10-17, 2024), the BTC reached it peak at close to 53,000 level with a market cap of 1.04T usd, then liquidated 20B usd immediately.
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