Bitcoin Mirrors September 2023 Levels, Trader Curious If This Could Be 'Turning Point'

On-chain analysis firm CryptoQuant pointed out how Bitcoin's (CRYPTO: BTC BTC - $62990.592 short-term Sharpe ratio has plummeted to levels unseen since September-October 2023. Such periods have typically signaled substantial turning points in the market.

Source: benzinga.com

Related symbols: BTCUSD

2024-09-03 18:38:01 GMT.

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Price & Market Data

Price: $62990.592

Volume 24h: $43,766,824,588.73

Market Cap: $1,244,460,211,210.10

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 63,126.50068882 USD and is up 4.91 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,776,767,928.81 traded over the last 24 hours. More information can be found at https://bitcoin.org/.