Bitcoin price trend trading volume & market cap analysis report for Week 2, August 2023
Bitcoin price trend
According to the cryptocurrency trading platform Bitget, during the second week of August 2023 (from Aug. 7 to Aug. 13), the average price of BTC was US$29,196 (1 BTC = 218,970 CNY), reflecting a 0.1% increase. The opening price was US$29,071, and the closing price was US$29,296, representing a 0.78% increase.
Price of Bitcoin for the week of August 7 to August 13
The lowes t price point of the week was recorded on August 7 at US$28,691, while the highest price of the week was reached on August 8 at US$30,244. This resulted in a spread of 5.4%.
Bitcoin trading volume
During this past week, the average daily trading volume of BTC was US$9,228,835,855, or about 316,099 BTC, down 18.3% YoY. BTC trading on August 9 was the most active, with BTC's single-day volume reaching US$14.6 billion. Conversely, the trading volume on August 13th was the lowest of the week, at approximately US$3.99 billion. Refer to the table below for detailed data:
| Date |
BTC trading volume |
| August 13 |
US$3,994,297,895 |
| August 12 |
US$4,651,950,358 |
| August 11 |
US$8,106,253,519 |
| August 10 |
US$14,633,310,097 |
| August 9 |
US$14,603,570,419 |
| August 8 |
US$13,252,185,122 |
| August 7 |
US$5,360,283,576 |
Bitcoin Market Cap
During this past week, as of 12:00 PM on August 13, BTC's circulating market capitalization stood at US$572,257,798,804, while the total BTC market cap amounted to US$617,652,000,000. On August 9th, BTC achieved its highest circulating market cap at US$579.2 billion, marking a 1.18% increase from the previous week's peak. Conversely, BTC recorded its lowest circulating market cap on August 7th, hovering around US$564.9 billion, which remained virtually unchanged from the previous week.
Refer to the table below for detailed data:
| Date |
BTC market cap in circulation |
Total market share |
| August 13 |
US$572,257,798,804 |
46.90% |
| August 12 |
US$571,976,559,046 |
46.91% |
| August 11 |
US$572,414,205,818 |
46.91% |
| August 10 |
US$575,535,414,817 |
46.96% |
| August 9 |
US$579,214,283,624 |
47.08% |
| August 8 |
US$567,529,179,866 |
46.96% |
| August 7 |
US$564,947,914,083 |
46.85% |
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Disclaimer 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.
