Bitcoin Drops Over 3% in 24 Hours, Continuing Weekly Decline

Bitcoin (BTC) has experienced a significant dip in the past 24 hours, falling 3.56% to $64,662.00. This continues a negative trend observed over the past week, with a total loss of 4.0% from $67,230.37. The price volatility is evident in the Bollinger Bands, with wider bands indicating increased volatility. Trading volume for Bitcoin has increased 3.0% over the past week, while the circulating supply has grown slightly to 19.71 million, representing 93.88% of its maximum supply. Despite the recent dip, Bitcoin maintains its #1 position in market cap ranking, currently valued at $1.28 trillion.