On the celebration of U.S. Independence Day on July 4th, Bitcoin ($BTC) has shown little change, remaining around $108K. This article explores the current state of the crypto market and investor expectations.
Stalled Performance of Bitcoin on July 4th
On Independence Day, Bitcoin demonstrated minimal price changes. Over the past 24 hours, its price dipped by 0.78% to $108,221.43. The market capitalization also decreased by 0.72%, reaching $215 trillion.
HODLers' Position and Growth Expectations
Despite the price stagnation, long-term Bitcoin holders (HODLers) remain hopeful for significant moves in the future. The open interest in Bitcoin also dropped by 4.26% to $73.20 billion.
Trading Activity and Market Overview
The total trading volume over the past 24 hours was $43.4 billion, a decrease of 9.49%. Nonetheless, over the past week, Bitcoin showed a 0.87% increase, with a 2.82% rise over 30 days. However, the current market outlook indicates slowed momentum.
Amid investor expectations and a general slowdown in trading activity, Bitcoin remains at $108K. Future movements of the cryptocurrency may hinge on changes in market dynamics in the coming days.
