Bitcoin (BTC), the crypto market leader, reached a new 1-month high in its Realized Price, according to data from on-chain analytics platform Glassnode Alerts. This is calculated by dividing the Realized Cap - its on-chain support or resistance price - by the total coin supply. Presently, its Realized Price stands at $19,994.95.

At press time, Coin MarketCap stated BTC was trading at over $29k, meaning the market price was higher than its Realized Value, which is a positive sign for the king of crypto. It is noteworthy to understand that the market price is usually above the Realized Price, and very rarely goes under.

BTC set a 24-hour high of $29,488.16, and a daily low of $28,694.04, as well as increasing its market value by 0.10% since last 24-hours. Consequently, it gained against its major competitor, Ethereum (ETH), by 0.16%. Unfortunately, this increase was not enough to represent a positive growth in the weekly performance of BTC, with a 0.57% decrease in the past seven days, and 0.04% price drop in the hour before press time.

The 24-hour trading volume of BTC was also in the red zone, indicating a downfall of more than 13%. In late 2020, BTC has gone beyond the expectations, reaching an all-time high of $42,000, so investors and traders entered this new year with high hopes.

It is important to consider that despite any price increases and updates, successful Bitcoin investments require more than just knowledge of current developments. Investors should always remember their own risk parameters, aware of their personal strategy, and stick to their limits.



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