Bitcoin (BTC) prices rose back above $37,000 on Nov 10 but face potential resistance around the $40,000 level amid declining trading volumes.
BTC gained over 6% in the past 24 hours to reach an intraday high of $37,400. The leading cryptocurrency has added nearly 30% over the past month as part of a broader recovery in crypto markets. However, BTC remains down nearly 70% from its record high of around $69,000 set in November 2021.
Keypoints
- The current bitcoin price is $36,934.73, which is down 1.3% over the past 24 hours.
- The 24 hour high was $37,935.55 and the low was $36,018.89, so the price has traded in a relatively wide range over the past day.
- The trading volume over the past 24 hours was $32.96 billion, which is quite high compared to recent days/weeks. This indicates significant trading activity in bitcoin over the past day.
- Looking at longer term price trends, bitcoin is up 7% over the past 7 days and up over…
