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 <p class="is-style-lead">The Bitcoin (BTC) <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> has been consolidating between $29,000 and $29,600 over the past day. The amount of BTC outside <a rel="noopener noreferrer nofollow" title="exchanges" href="https://thebittimes.com/tag/exchanges.html">exchanges</a> has reached a new all-time high (ATH).</p> 
 <p>According to data from Santiment, Bitcoin supply on self-custodial wallets has reached 18.39 BTC, marking a new ATH. Per the market intelligence platform, this amount has been constantly rising since December 2018 with a few declines in October 2019 and February 2021.</p> 
 <figure class="wp-block-image size-full"> 
  <img decoding="async" loading="lazy" width="3840" height="1300" src="https://cdn.thebittimes.com/images/2023/08/03/533d29383948c2df68c3e2f6dc81b182.webp" alt="Bitcoin outside exchanges hits new ATH, price still down - 1" class="wp-image-14182848"> 
  <figcaption class="wp-element-caption">
    BTC price, weekly volatility and supply outside exchanges – Aug. 3 | Source: Santiment 
  </figcaption> 
 </figure> 
 <p>However, Bitcoin is down by 1.3% in the past 24 hours and trading at around $29,030 when writing. The asset’s 24-hour trading volume is also down by 24%, currently at $15.5 billion, with a total market capitalization of over $564 billion.</p> 
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 <p>Moreover, the one-week <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> volatility of Bitcoin has been consistently rising since August 1, suggesting a spike in short-term traders. Per Santiment, on a seven-day average, BTC’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> volatility rose from 0.0034 on August 1 to 0.0062 at the time of writing.</p> 
 <p>According to a report on August 2, the flagship cryptocurrency briefly touched the $30,000 mark as the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> drop below the $29,000 mark sparked a significant rise in whale transactions — each consisting of over $1 million worth of BTC.</p> 
 <p>Furthermore, the business intelligence company MicroStrategy reportedly prepares to accumulate more Bitcoins while selling 750 million shares of its stock.</p> 
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Bitcoin outside exchanges hits new ATH, price still down

TheBitTimes

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