From its all-time high of $69,200, Bitcoin crashed to $15,474 establishing a 2-year low. This massive fall halted in November 2022. A bounce from the low started in 2023, as the price of Bitcoin rallied to $31,989 in July 2023. This price is the highest price $BTCUSD has hit this year.
As of the time of this writing, the market cap of Bitcoin stands at $515billion and the price is at $26,440. BTC has rallied by 1.95% in the last 7 days. We might be seeing the price of Bitcoin fall to the psychological level of $25,000 in the coming weeks.
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