23% during the week

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It is evident how the price of this asset has been increasing rapidly in recent days. To do this, market capitalization and daily trade volume will be taken into account, which have also been positively boosted in recent days in the bitcoin market.

Regarding mining on the Bitcoin network, the processing speed on the blockchain remains more or less at the same levels as in March. In this sense, we can see how this metric continues to drop since last April 15. Also, if you take a look at the number of transactions to be confirmed, it is noticeable that the network is a bit congested.

Market

From April 22 to 29, the bullish momentum seen since last week has taken more strength. The minimum price recorded on the 22nd was USD 7,126. While, as of this writing, BTC is trading at $ 8,761, representing an increase of 23%. Market capitalization increased from USD 130,692 million to USD 162,424 million, which means that during the last week the growth of capitalization registered an increase of 24.28%.

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Bitcoin's daily traded volume has also seen remarkable growth. On April 22, a trade volume of USD 32,042 million was recorded, as of today the amount is around USD 59,306 million. This means that this metric has increased by 81.27%. Such fact clearly reflects how the movement in the bitcoin market has grown rapidly at the same time as the price.

On the other hand, you can see how the volatility of the bitcoin price has been constantly falling. It is worth remembering that last week the volatility was 18.86%, and currently it is around 13.4%. It is important to take into account that in March volatility reached values that exceeded 23%, so this metric has decreased considerably. Last but not least, bitcoin's dominance is currently at 65%, a 1.5% advance from last week.

Posted Using LeoFinance



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