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Bitcoin (BTC) price changes and trading data analysis of the third week of July 2023

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2023-08-31
Bitcoin (BTC) price changes and trading data analysis of the third week of July 2023

How to analyze a BTC price chart? We will assist Bitgetters in gaining a better grasp of cryptocurrency market trends and understanding Bitcoin price movements through the use of price charts and analysis. This series will analyze BTC price changes and trading data on a weekly basis. Below is an analysis of Bitcoin (BTC) price changes and trading data for the third week (July 17 – July 23) of July 2023.

Bitcoin (BTC) trading data analysis

The analysis is based on the Bitcoin (BTC) trading data on the Bitget exchange in the third week of July 2023 (July 17 – July 23). The BTC average price of the week was US$30,157 (around CNY¥21,6828.83), down 0.13% from the previous week. This week's BTC trading volume was about 50,205 BTC, or about US$1,510,266,810, down 2.64% from the previous week. As of July 24, 2023, 12:00 AM, the BTC price was US$30,082, down 0.5% from the previous week compared to the closing price of US$30,232 on July 17, 2023, 12:00 AM.

Global 24h trading volume of Bitcoin (BTC): 320,005 BTC, or US$9,626,399,875. Average Bitcoin market cap: US$581,500,000,000, accounting for 46.91% (of the total cryptocurrency market capitalization), up 0.17% from the previous week.

As of today (July 24, 2023, 12:00 AM), the Bitcoin (BTC) in circulation is 19,441,706 BTC, and the block reward is 6.25 BTC, with 286 days left until the next Bitcoin halving.

Bitcoin (BTC) price change

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

Bitcoin price chart of the week (July 17 – July 23)

Bitcoin (BTC) price

Opening price

Closing price

Highes t price

Lowest price

BTC to USD

US$30,232

US$30,082

US$30,413

US$29,520

BTC to CNY

CNY¥217,368.08

CNY¥216,289.58

CNY¥218,669.47

CNY¥212,248.8

This week's BTC opening price was US$30,232, and the closing price was US$30,082, representing a decrease of US$150, or 0.5% from the previous week.

This week's lowest BTC price was US$29,520 on July 18, and this week's highest was US$30,413 on July 20 (about 1 BTC = CNY¥218,669.47). The spread ratio between the lowest and highest prices was 3.03%.

  • As of July 24, 12:00 AM, Bitcoin was trading at US$30,081.6 against the USD, down 56.27% from its all-time high of US$68,789.

  • Bitcoin's all-time low was US$0.048, meaning that the current price is 626,699 times its all-time low.

  • This week's Bitcoin high of US$30,413 is below Bitcoin's 2023 high of US$31,809, and is up about 90.58% 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

Opening price

Closing price

Highest price

Lowest price

July 23, 2023

US$29,789

US$30,085

US$30,337

US$29,736

July 22, 2023

US$29,905

US$29,772

US$29,988

US$29,657

July 21, 2023

US$29,801

US$29,909

US$30,059

US$29,740

July 20, 2023

US$29,910

US$29,792

US$30,408

US$29,621

July 19, 2023

US$29,867

US$29,914

US$30,186

US$29,789

July 18, 2023

US$30,140

US$29,857

US$30,242

US$29,625

July 17, 2023

US$30,236

US$30,146

US$30,336

US$29,693



Older Bitcoin price analysis reports:



Bitcoin (BTC) price changes and trading data analysis of the second week of July 2023

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

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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.