Bitcoin Presents Stalled Price Movement Even on Fourth of July
The Independence Day has brought a lull in the overall crypto trading activity. In this respect, over the past 24 hours, Bitcoin has recorded a 0.78% dip in terms of price. As a result of this, its current price has reached $108,221.43. At the same time, the market capitalization of the flagship cryptocurrency has plunged by 0.72% to touch $215T.
Simultaneously, the 24-hour volume of Bitcoin stands at $43.4B, presenting a 9.49% decrease in the meantime. However, the 7-day performance of Bitcoin shows a 0.87% increase. Moreover, in line with Bitcoin’s 30-day price movement, it has seen a 2.82% upsurge. Even then, the 24-hour market outlook of Bitcoin displays a slowed momentum. Apart from that, the market dominance of the top crypto asset has reached 64.7%.
$BTC HODLers Keep Speculating Upward Trajectory in Near Future
Although Bitcoin’s price kept showing slight fluctuations, it hovered around the $108K mark. Thus, the overall muted performance has not fulfilled the hopes of the long-term $BTC HODLers. Nevertheless, they speculate significant price action in the near term.
Along with that, the open interest in Bitcoin ($BTC) has also slumped by 4.26% to reach the $73.20B spot. Moreover, the cumulative $BTC liquidations touched $47.22M. Particularly, Bitcoin bulls bore the brunt as $42.66M was wiped out in long positions while shorts recorded just $4.56M. Keeping this in view, the ongoing price stagnation of Bitcoin ($BTC) could push it toward a potential upward trajectory.
