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Bitcoin (BTC) price changes and trading data analysis of the first week of June 2023

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2023-09-04
Bitcoin (BTC) price changes and trading data analysis of the first week of June 2023

We are publishing a weekly analysis of BTC price trends to help Bitgetters gain more insight into the crypto market and Bitcoin's price trends. Below is an analysis report of Bitcoin price changes in the first week of June 2023 (June 5 – June 11):

Bitcoin (BTC) trading data analysis

The analysis is based on the Bitcoin (BTC) trading data on the Bitget exchange in the first week of June 2023 (June 5 – June 11). The BTC average price for the week was US$26,522 (around CNY¥189,101.86), reflecting a 3.85% decrease compared to the previous week. This week's BTC trading volume was about 71,159 BTC, or about US$1,844,797,075, up 44.13% from the previous week. As of June 12, 2023, 12:00 AM, the BTC price was US$25,925, down 4.34% from the previous week compared to the closing price of US$27,102 on June 4, 2023.

Global 24h trading volume of Bitcoin (BTC): 521,482 BTC, or US$13,519,424,244. Average Bitcoin market cap: US$513,900,000,000, accounting for 45.69% (of total crypto market capitalization).

As of today (June 12, 2023, 12:00 AM), the Bitcoin (BTC) in circulation is 19,403,906 BTC, and the block reward is 6.25 BTC, with 328 days left until the next Bitcoin halving.

Bitcoin (BTC) price change

Bitcoin (BTC) price changes and trading data analysis of the first week of June 2023 image 0

Price of Bitcoin for the week (June 5 – June 11)

Bitcoin (BTC) price

Opening price

Closing price

Highes t price

Lowest price

BTC to USD

US$27,119

US$25,925

US$27,384

US$25,355

BTC to CNY

CNY¥193,358.47

CNY¥184,845.25

CNY¥195,247.92

CNY¥180,781.15

This week's BTC opening price was US$27,119, and the closing price was US$25,925, representing a decrease of 4.40%.

This week's lowest BTC price was US$25,355 on June 6, and this week's highest was US$27,384 on June 7 (1 BTC ≈ CNY¥195,247.92). The spread ratio between the lowest and highest prices was 6.78%.

  • As of June 12, 12:00 AM, Bitcoin was trading at US$25,926.2 against the USD, down 62.31% from its all-time high of US$68,789.

  • Bitcoin's all-time low was US$0.048, meaning that the current price is 540,128 times its all-time low.

  • This week's Bitcoin high of US$27,384 is US$4425 below Bitcoin's 2023 high, and is up about 71.60% from its 2023 low of US$15,958.

This week's Bitcoin (BTC) price details are as follows:

(Data from the Bitget trading platform)

Date

Closing price

Opening price

Highest price

Lowest price

June 11, 2023

US$25,940.17

US$25,928.40

US$25,843

US$26,190

June 10, 2023

US$25,851.24

US$25,844.00

US$26,479

US$26,525

June 9, 2023

US$26,480.38

US$26,479.30

US$26,501

US$26,774

June 8, 2023

US$26,508.22

US$26,501.10

US$26,342

US$26,784

June 7, 2023

US$26,346

US$26,342.50

US$27,230

US$27,342

June 6, 2023

US$27,238.78

US$27,230.20

US$25,746

US$27,325

June 5, 2023

US$25,760.10

US$25,747.40

US$27,122

US$27,126

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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.