Should You Buy Bitcoin (BTC) Friday?
- December 30, 2022
- No Comment
Bitcoin receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.
The risk gauge rank for BTC shows the coin is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
BTC has traded -0.45% lower over the past 24 hours to its current price of $16,547.17. This shift has occurred while volume is below its average level and the coin’s market capitalization has fallen. The cryptocurrency now has a market capitalization of $318,489,987,604.47 while $15,258,434,097.25 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Bitcoin a low risk rating.
The price volatility of BTC over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the coin’s manipulability as of now.
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