Bitcoin (BTC) price change and trading data analysis of the fourth 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 fourth week (July 24 – July 30) of July 2023.

Bitcoin (BTC) trading data analysis

The analysis is based on the Bitcoin (BTC) trading data on the Bitget exchange in the fourth week of July 2023 (July 24 – July 30). The BTC average price for the week was US$29,682 (around CNY¥211,035.47), down 1.58% from the previous week. This week's BTC trading volume was about 39,439 BTC, or about US$1,154,813,359, down 23.54% from the previous week. As of July 31, 2023, 12:00 AM, the BTC price was US$29,281.0, down 2.66% from the previous week compared to the closing price of US$30,082.0 on July 24, 2023, 12:00 AM.

Global 24h trading volume of Bitcoin (BTC): 318,365 BTC, or US$9,322,045,055. Average Bitcoin market cap: US$571,100,000,000, accounting for 46.22% (of total crypto market capitalization), down 0.69% from the previous week.

As of today, the Bitcoin (BTC) in circulation is 19,448,006 BTC, and the block reward is 6.25 BTC, with 279 days left until the next Bitcoin halving.

Bitcoin (BTC) price change

Bitcoin price chart of the week (July 24 – July 30)

This week's BTC opening price was US$30,082, and the closing price was US$29,281, representing a decrease of US$802, or 2.66% from the previous week.

This week's lowest BTC price was US$28,869 on July 24, and this week's highest was US$30,082 on July 24 (about 1 BTC = CNY¥213,883.02). The spread between the lowest and highest prices was US$1448 (representing a 4.25% spread ratio).

• As of July 31, 12:00 AM, Bitcoin was trading at US$29,281.3 against the USD, down 57.43% from its all-time high of US$68,789.

• Bitcoin's all-time low was US$0.048, meaning that the current price is 610,026 times its all-time low.

• This week's high of US$30,082 is below Bitcoin's 2023 high of US$31,809, and is up about 88.6% from its 2023 low of US$15,958.

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

(Data from the Bitget trading platform)

Older Bitcoin price analysis reports:

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

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.