Crypto trends
Bitcoin (BTC) price changes and trading data analysis of the first week of August 2023
Beginner
2023-08-25 | 5m
How to analyze a
BTC price chart? We will assist Bitgetters in gaining a better grasp of the
cryptocurrency market trends and understanding
Bitcoin price movements through the use of price charts and analysis. This series will provide weekly analyses of
BTC prices and trading data. Below is an analysis of Bitcoin (BTC) price fluctuations and trading data for the first week (July 31 – August 6) of August 2023.
Bitcoin (BTC) trading data analysis
The analysis is based on the Bitcoin (BTC) trading data from
Bitget, a cryptocurrency exchange, in the first week of August 2023 (July 31 – August 6). The
BTC average price for the week was US$29,185 (around CNY¥ 208,380.9), reflecting a 1.67% decrease compared to the previous week. Meanwhile, this week's
BTC trading volume was about 31,901 BTC, or about US$927,722,551, marking a 19.66% decrease from the previous week. As of August 6, 2023, 12:00 AM, BTC price was US$29,081, down 0.68% from the previous week compared to the closing price of US$29,281 on July 30, 2023, 12:00 AM.
Global 24-hour trading volume of Bitcoin (BTC): 388,361 BTC, or US$11,294,034,620.
Average Bitcoin market cap: US$567,800,000,000, accounting for 46.78% (of the total cryptocurrency market capitalization), up 0.56% from the previous week.
As of today, the Bitcoin (BTC)
in circulation is
19,454,306 BTC, and the block reward is 6.25 BTC, with 272 days
left until the next Bitcoin halving.
Bitcoin (BTC) price change
Price of Bitcoin
for the week (July 31 – August 6)
Bitcoin (BTC) price
|
Opening price for the week
|
Closing price for the week
|
Highes t price of the week
|
Lowest price of the week
|
US$29,281
|
US$29,089
|
US$30,036
|
US$28,588
|
|
BTC to CNY
|
CNY¥209066.34
|
CNY¥207695.46
|
CNY¥214457.04
|
CNY¥204118.32
|
This week's BTC opening price was US$29,281, and the closing price was US$29,089, representing a decrease of US$192, or 0.66% from the previous week.
This week's lowest BTC price appeared on August 1 at US$28,588, and this week's highest was US$30,036 on August 2 (about 1 BTC = CNY¥214457.04). The spread between the lowest and highest prices was US$1448.
-
As of August 6, Bitcoin was trading at US$29,043 against the USD, down 57.78% from its all-time high of US$68,789.
-
Bitcoin's all-time low is US$0.048 and has risen 605,062 times from its all-time low.
-
This week's Bitcoin high of US$30,036 is below Bitcoin's 2023 yearly high of US$31,809, and is up about 88.22% from the yearly low of US$15,958.
This week's Bitcoin (BTC) price details are as follows:
Date
|
Opening price
|
Closing price
|
Highest price
|
Lowest price
|
August 6, 2023
|
US$29,067.90
|
US$29,041.86
|
US$29,198.90
|
US$28,987.40
|
August 5, 2023
|
US$29,105.60
|
US$29,042.13
|
US$29,139.30
|
US$28,983.00
|
August 4, 2023
|
US$29,189.10
|
US$29,074.09
|
US$29,319.10
|
US$28,875.80
|
August 3, 2023
|
US$29,180.90
|
US$29,178.68
|
US$29,409.80
|
US$28,981.00
|
August 2, 2023
|
US$29,711.80
|
US$29,151.96
|
US$30,025.90
|
US$28,961.60
|
August 1, 2023
|
US$29,232.30
|
US$29,675.73
|
US$29,712.20
|
US$28,611.00
|
July 31, 2023
|
US$29,282.00
|
US$29,230.11
|
US$29,502.30
|
US$29,128.30
|
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Disclaimer and risk warning: The contents of this article are provided on an "as-is" basis and are for general information and educational purposes only and do not constitute any representation or warranty. It should not be construed as investment advice, nor is it intended to recommend specific products or services. Digital asset prices can be volatile. The value of your investment can go up or down and you may not recover your investment amount.
You are solely responsible for your investment decisions and Bitget Academy is not liable for any losses you may suffer.
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