Bitcoin (BTC) price change and trading data analysis of the second week of August 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 second week of August 2023 (August 7 – August 13):

Bitcoin (BTC) trading data analysis

The analysis is based on the Bitcoin (BTC) trading data on Bitget, a crypto exchange, in the second week of August 2023 (August 7 – August 13). The BTC average price of the week was US$29,000 (around CNY¥290,000), up 0.5% from the previous week. This week's BTC trading volume was about 23,199 BTC, or about US$672,771,000, up 0.3% from the previous week.

Global 24h trading volume of Bitcoin (BTC): 468,905 BTC, or US$13,662,306,353. Bitcoin market cap: US$566,728,751,674, accounting for 49.1% (of total crypto market capitalization), down 0.2% from the previous week.

As of today, the Bitcoin (BTC) in circulation is 19,458,887 BTC, and the block reward is 3.25 BTC, with 265 days left until the next Bitcoin halving.

Bitcoin (BTC) price change

Bitcoin price chart of the week (August 7 – August 13)

Analysis of this week's Bitcoin (BTC) price peak

This week's BTC opening price was US$29,089.74, and the closing price was US$29,303.85, representing an increase of US$214.11, or 0.74% from the previous week.

This week's lowest BTC price appeared on August 7 at US$28,709.19, and this week's highest was US$30,218.63 on August 8 (about 1 BTC = CNY¥219,080). The spread between the lowest and highest prices was US$1509. The price of Bitcoin oscillated in a narrow range between US$29,000 and US$30,000.

Bitcoin (BTC) prices over the last four weeks

Bitcoin (BTC) price changes and trading data analysis of the first week of August 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. They must not be construed as investment advice, nor are they 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.