One BTC represents one bitcoin, which is currently valued at $68,235.83. While global central banks often increase the supply of fiat currencies like the U.S. dollar, the supply of bitcoin is capped at 21 million BTC.

BTC dropped below $50,000 but rebounded above $54,000. Resistance was confirmed at $61,400, leading to a pullback. Overbought RSI hints at a limited upside before

Many signs are pointing to BTC hitting $70K in the near future, from technical market data to prediction market betting.Inflows into the U.S. BTC

Bitcoin’s all-time high was on March 14, 2024, trading at $73,750.07 per bitcoin. The lowest intraday price that the crypto traded in the past year was $27,130.47 on Oct. 16, 2023. The original crypto is up by 139% year over year.

A widely-tracked momentum indicator has flipped bullish for the first time since April. A similar bullish flip happened at the onset of the late 2023 rally and in late 2022, marking the end of a brutal downtrend.

On October 21, open interest in Bitcoin derivatives reached an unprecedented high, indicating a robust engagement in the market as the price of Bitcoin approached the $70,000 threshold. CoinGlass reported that the open interest (OI) on Bitcoin futures contracts had escalated to a record $40.

A group of BTC miners, including Riot Platforms, Clean Spark, and Mara Holdings, is throwing their weight behind the new Bitcoin Voter PAC, as competition intensifies to influence the outcome of the 2024 election.