2024-05-21 Bitcoin News
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2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
This data is time series data of the Bitcoin exchange rate currency on 20th May 2024. I have analyzed the data with the following points,Overall Trend of The Exchange Rates
From the dataset provided, the Bitcoin exchange rate experienced slight fluctuation in the early hours (00:00 to 06:20) on May 20, 2024. Despite minor fluctuations, the rate generally increases from 91250.42557 at 00:00 to a peak at 91656.7349 at 06:25. However, the exchange rate decreases again to around 91291.29436 at 08:00 and it oscillates in the consequent hours. The rate starts to pick up significantly after 13:00 and reaches a peak of 97238.07878 at 19:20. Thereafter, the exchange rate stabilizes and maintains itself around 96500 with slight fluctuations until the end of this period.
Seasonality and Recurring Patterns
There were no clear indications of seasonality or recurring patterns within the span of this one-day data. The fluctuations can potentially be attributed to real-time trading behavior rather than a seasonality effect within a day.
Noting Any Outliers
Several apparent outliers were observed in the dataset. A sharp increase was observed at 16:30, where the rate jumped from about 93614.8757 to 96809.16039 at 18:40, and then it dropped to around 92600 at approximately 21:00. These patterns suggest that some significant events could have happened during these periods, which lead to these drastic changes.
Please note that the above results are obtained based on the assumption that there are no external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news influencing the Bitcoin exchange rate on May 20, 2024.![Unprecedented BTC Exchange Rate Swing Stirs Market](http://currencymart.net/images/news/bitcoin/2024-05-21/img-3UmKYgr8vHhCVX9MIHkQmFim.webp)