Huge Bullish Momentum Pushes Bitcoin Above 20k

Bitcoin's BTC/USD price has increased 3.4% over the past hour to $20,171. Over the past week, BTC has experienced an uptick of over 6.0%, moving from $18,783.83 to its current price. As it stands right now, the coin's all-time high is $69,045.

The chart below compares the price movement and volatility for Bitcoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has risen 8.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.22%. This brings the circulating supply to 19.16 million, which makes up an estimated 91.26% of its max supply of 21.00 million. According to our data, the current market cap ranking for BTC is #1 at 385.57 billion.

Disclaimer: Author may enter a short position