Bitcoin (BTC) price today trades at $67,913.0 as of 11 AM. BTC price hit a daily high of $68,821.0 today after sliding 1.09% on October 25.
Why Is Bitcoin Price is Sinking Today?
Although Bitcoin price saw a good run up on the weekend, the selling pressure throughout the week caused BTC to slide lower. This has been the main reason for Bitcoin crashing today. With the price of BTC down 1.20% and trading at $67,430, investors can expect New York open to restart the selloff.
Bitcoin Price Outlook Remains Bearish
*bitcoin price updated as of 11 AM.
Price of BTC exchanges hands at $67,430, which is far lower than $69,000, a level seen at the start of the week. This short-term bearish outlook in Bitcoin price has brought the year-to-date gain down from 56% on October 20 to 52% as of October 25.
Still, Bitcoin remains one of the largest cryptocurrency by market capitalization and its popularity can be attributed to the first-mover advantage. Furthermore, the BTC blockchain remaining a secure, decentralized and relatively scalable network has kept it at the forefront as the king of cryptocurrencies.
Other narratives like digital gold, inflation hedge, uncorrelated asset, have also helped gain widespread adoption for BTC.
Bitcoin Price Eyes Bullish End to 2024
Last week, it seemed as though Bitcoin price was ready to end its seven-month consolidation. But massive selling pressure above $69,000 led to a reversal. Since then, BTC has dropped roughly $2,000 of its value and currently trades at $67,430.
Its YTD returns are diminishing but the fourth quarter outlook remains bullish. Historical data hints that Bitcoin price has rallied an average of 82% in the fourth quarter. So far, BTC has only shot up 11% in the first month of Q4, which promises that the outlook remains bullish in the long-term for BTC.
With the US presidential elections coming to a conclusion in the first week of November, investors can expect a massive spike in volatility that leads to the start of a bull run. Regardless of who wins, markets have responded on a bullish notep.
With that said, if Bitcoin price hits a new ATH in December, Bitcoin’s market capitalization, which stands at $1,342.8 billion could push toward the $2 trillion mark.
Bitcoin: The Largest Cryptocurrency
While Bitcoin’s market cap hovers around $1,342.8 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization which stands at $2.40 trillion. Despite the seven-month consolidation, Bitcoin’s $1.3 trillion market cap remains strong with anticipation of it reaching $2 trillion in 2025.
BTC’s 24-hour Trading Volume
Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $34.8 billion. With a major portion of this volume being contributed by Binance, one of the largest cryptocurrency exchanges. Binance’s share of BTC’s 24-hour trading volume is made up of spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume stands at 41%. Exchanges like OKX, Bitget, etc, follow Binance.
Bitcoin Blockchain Upgrades
With a market cap of $1.3 trillion, it is necessary for the network to remain secure, decentralized and scalable. This is possible by upgrading the Bitcoin network on a regular basis.
Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009.
Bitcoin Network Upgrades Since 2009
Here are some key milestone upgrades to the Bitcoin network over the past decade.
2017-2019
2015-2016
2013-2014
2010-2012
2009-2010
Bitcoin Price Prediction & Trends
The seve-month consolidation could come to an end soon. The end of US presidential elections could kickstart the BTC bull rally by November second week. Investors expect the uptrend to be extremely bullish if Donald Trump wins.
However, data shows, regardless of who wins, conclusion of the US elections are bullish for markets, be it crypto or stocks. So, Bitcoin price hitting a new ATH before 2024 is not unlikely. As a result, the next few weeks are critical in setting the tone for Bitcoin and the rest of the crypto markets.
Bitcoin Price Outlook For Next 30 Days
| Date | Price | Change |
|---|---|---|
| October 16, 2024 | $68,424 | 3.04% |
| October 17, 2024 | $73,885 | 11.26% |
| October 18, 2024 | $76,476 | 15.16% |
| October 19, 2024 | $77,293 | 16.39% |
| October 20, 2024 | $78,415 | 18.08% |
| October 21, 2024 | $79,327 | 19.45% |
| October 22, 2024 | $80,179 | 20.74% |
| October 23, 2024 | $80,978 | 21.94% |
| October 24, 2024 | $80,840 | 21.73% |
| October 25, 2024 | $79,470 | 19.67% |
| October 26, 2024 | $77,725 | 17.04% |
| October 27, 2024 | $76,910 | 15.81% |
| October 28, 2024 | $77,225 | 16.29% |
| October 29, 2024 | $79,982 | 20.44% |
| October 30, 2024 | $85,101 | 28.15% |
| October 31, 2024 | $87,093 | 31.15% |
| November 01, 2024 | $87,885 | 32.34% |
| November 02, 2024 | $87,902 | 32.37% |
| November 03, 2024 | $87,406 | 31.62% |
| November 04, 2024 | $87,216 | 31.33% |
| November 05, 2024 | $87,399 | 31.61% |
| November 06, 2024 | $87,871 | 32.32% |
| November 07, 2024 | $87,962 | 32.46% |
| November 08, 2024 | $88,423 | 33.15% |
| November 09, 2024 | $89,098 | 34.17% |
| November 10, 2024 | $89,912 | 35.39% |
| November 11, 2024 | $89,276 | 34.44% |
| November 12, 2024 | $89,923 | 35.41% |
| November 13, 2024 | $91,603 | 37.94% |
| November 14, 2024 | $92,226 | 38.88% |
While BTC’s short-term outlook is uncertain investors can anticipate BTC to rally 38% on November 14 and hit $92,226.
Bitcoin Price Forecast From 2025 and 2029
| January | $64,079.99 | $96,011.97 | $80,045.98 | 28.7% |
| February | $67,376.97 | $96,338.54 | $81,857.76 | 31.7% |
| March | $70,673.96 | $96,665.12 | $83,669.54 | 34.6% |
| April | $73,970.94 | $96,991.69 | $85,481.32 | 37.5% |
| May | $77,267.93 | $97,318.26 | $87,293.10 | 40.4% |
| June | $80,564.92 | $97,644.83 | $89,104.88 | 43.3% |
| July | $83,861.90 | $97,971.40 | $90,916.65 | 46.2% |
| August | $87,158.89 | $98,297.97 | $92,728.43 | 49.1% |
| September | $90,455.87 | $98,624.55 | $94,540.21 | 52.1% |
| October | $93,752.86 | $98,951.12 | $96,351.99 | 55% |
| November | $97,049.84 | $99,277.69 | $98,163.77 | 57.9% |
| December | $100,346.83 | $99,604.26 | $99,975.55 | 60.8% |
| All Time | $82,213.41 | $97,808.12 | $90,010.76 | 44.8% |
| January | $103,147.68 | $102,868.91 | $105,266.25 | 69.3% |
| February | $105,948.53 | $106,133.55 | $110,556.96 | 77.8% |
| March | $108,749.37 | $109,398.20 | $115,847.66 | 86.3% |
| April | $111,550.22 | $112,662.84 | $121,138.37 | 94.8% |
| May | $114,351.07 | $115,927.49 | $126,429.07 | 103.4% |
| June | $117,151.92 | $119,192.13 | $131,719.78 | 111.9% |
| July | $119,952.76 | $122,456.78 | $137,010.48 | 120.4% |
| August | $122,753.61 | $125,721.42 | $142,301.18 | 128.9% |
| September | $125,554.46 | $128,986.07 | $147,591.89 | 137.4% |
| October | $128,355.31 | $132,250.71 | $152,882.59 | 145.9% |
| November | $131,156.15 | $135,515.36 | $158,173.30 | 154.4% |
| December | $133,957 | $138,780 | $163,464 | 162.9% |
| All Time | $118,552.34 | $120,824.45 | $134,365.13 | 116.1% |
| January | $139,801.17 | $144,684.75 | $169,276.92 | 172.3% |
| February | $145,645.33 | $150,589.50 | $175,089.83 | 181.6% |
| March | $151,489.50 | $156,494.25 | $180,902.75 | 191% |
| April | $157,333.67 | $162,399 | $186,715.67 | 200.3% |
| May | $163,177.83 | $168,303.75 | $192,528.58 | 209.7% |
| June | $169,022 | $174,208.50 | $198,341.50 | 219% |
| July | $174,866.17 | $180,113.25 | $204,154.42 | 228.4% |
| August | $180,710.33 | $186,018 | $209,967.33 | 237.7% |
| September | $186,554.50 | $191,922.75 | $215,780.25 | 247.1% |
| October | $192,398.67 | $197,827.50 | $221,593.17 | 256.4% |
| November | $198,242.83 | $203,732.25 | $227,406.08 | 265.8% |
| December | $204,087 | $209,637 | $233,219 | 275.1% |
| All Time | $171,944.08 | $177,160.88 | $201,247.96 | 223.7% |
| January | $212,511.67 | $218,298 | $243,655 | 291.9% |
| February | $220,936.33 | $226,959 | $254,091 | 308.7% |
| March | $229,361 | $235,620 | $264,527 | 325.5% |
| April | $237,785.67 | $244,281 | $274,963 | 342.3% |
| May | $246,210.33 | $252,942 | $285,399 | 359% |
| June | $254,635 | $261,603 | $295,835 | 375.8% |
| July | $263,059.67 | $270,264 | $306,271 | 392.6% |
| August | $271,484.33 | $278,925 | $316,707 | 409.4% |
| September | $279,909 | $287,586 | $327,143 | 426.2% |
| October | $288,333.67 | $296,247 | $337,579 | 443% |
| November | $296,758.33 | $304,908 | $348,015 | 459.8% |
| December | $305,183 | $313,569 | $358,451 | 476.5% |
| All Time | $258,847.33 | $265,933.50 | $301,053 | 384.2% |
| January | $317,150.58 | $326,144.33 | $372,391.92 | 499% |
| February | $329,118.17 | $338,719.67 | $386,332.83 | 521.4% |
| March | $341,085.75 | $351,295 | $400,273.75 | 543.8% |
| April | $353,053.33 | $363,870.33 | $414,214.67 | 566.2% |
| May | $365,020.92 | $376,445.67 | $428,155.58 | 588.7% |
| June | $376,988.50 | $389,021 | $442,096.50 | 611.1% |
| July | $388,956.08 | $401,596.33 | $456,037.42 | 633.5% |
| August | $400,923.67 | $414,171.67 | $469,978.33 | 655.9% |
| September | $412,891.25 | $426,747 | $483,919.25 | 678.4% |
| October | $424,858.83 | $439,322.33 | $497,860.17 | 700.8% |
| November | $436,826.42 | $451,897.67 | $511,801.08 | 723.2% |
| December | $448,794 | $464,473 | $525,742 | 745.6% |
| All Time | $382,972.29 | $395,308.67 | $449,066.96 | 622.3% |
While 2023 and 2024 have been good years for crypto investors, the next five years are going to be even better based on Coingape’s Bitcoin price prediction. Between 2025 and 2029, BTC will restart the bull run and touch the six-digit territory. To be precise, BTC could valued between $82,213.41 in 2025 and $660,471.83 by 2029.
Bitcoin Price Remains Massively Bullish Between 2030 & 2050
2030
2031
2032
2033
2040
2050
| January | $465,154.42 | $481,462.17 | $546,469.67 | 779% |
| February | $481,514.83 | $498,451.33 | $567,197.33 | 812.3% |
| March | $497,875.25 | $515,440.50 | $587,925 | 845.6% |
| April | $514,235.67 | $532,429.67 | $608,652.67 | 879% |
| May | $530,596.08 | $549,418.83 | $629,380.33 | 912.3% |
| June | $546,956.50 | $566,408 | $650,108 | 945.7% |
| July | $563,316.92 | $583,397.17 | $670,835.67 | 979% |
| August | $579,677.33 | $600,386.33 | $691,563.33 | 1012.3% |
| September | $596,037.75 | $617,375.50 | $712,291 | 1045.7% |
| October | $612,398.17 | $634,364.67 | $733,018.67 | 1079% |
| November | $628,758.58 | $651,353.83 | $753,746.33 | 1112.4% |
| December | $645,119 | $668,343 | $774,474 | 1145.7% |
| All Time | $555,136.71 | $574,902.58 | $660,471.83 | 962.3% |
| January | $667,167.08 | $691,240.58 | $802,526.58 | 1190.8% |
| February | $689,215.17 | $714,138.17 | $830,579.17 | 1235.9% |
| March | $711,263.25 | $737,035.75 | $858,631.75 | 1281.1% |
| April | $733,311.33 | $759,933.33 | $886,684.33 | 1326.2% |
| May | $755,359.42 | $782,830.92 | $914,736.92 | 1371.3% |
| June | $777,407.50 | $805,728.50 | $942,789.50 | 1416.4% |
| July | $799,455.58 | $828,626.08 | $970,842.08 | 1461.5% |
| August | $821,503.67 | $851,523.67 | $998,894.67 | 1506.7% |
| September | $843,551.75 | $874,421.25 | $1,026,947.25 | 1551.8% |
| October | $865,599.83 | $897,318.83 | $1,054,999.83 | 1596.9% |
| November | $887,647.92 | $920,216.42 | $1,083,052.42 | 1642% |
| December | $909,696 | $943,114 | $1,111,105 | 1687.1% |
| All Time | $788,431.54 | $817,177.29 | $956,815.79 | 1439% |
| January | $946,061.92 | $979,838.83 | $1,150,786.08 | 1751% |
| February | $982,427.83 | $1,016,563.67 | $1,190,467.17 | 1814.8% |
| March | $1,018,793.75 | $1,053,288.50 | $1,230,148.25 | 1878.6% |
| April | $1,055,159.67 | $1,090,013.33 | $1,269,829.33 | 1942.4% |
| May | $1,091,525.58 | $1,126,738.17 | $1,309,510.42 | 2006.3% |
| June | $1,127,891.50 | $1,163,463 | $1,349,191.50 | 2070.1% |
| July | $1,164,257.42 | $1,200,187.83 | $1,388,872.58 | 2133.9% |
| August | $1,200,623.33 | $1,236,912.67 | $1,428,553.67 | 2197.7% |
| September | $1,236,989.25 | $1,273,637.50 | $1,468,234.75 | 2261.6% |
| October | $1,273,355.17 | $1,310,362.33 | $1,507,915.83 | 2325.4% |
| November | $1,309,721.08 | $1,347,087.17 | $1,547,596.92 | 2389.2% |
| December | $1,346,087 | $1,383,812 | $1,587,278 | 2453% |
| All Time | $1,146,074.46 | $1,181,825.42 | $1,369,032.04 | 2102% |
| January | $1,387,378.67 | $1,426,572.58 | $1,647,465.92 | 2549.9% |
| February | $1,428,670.33 | $1,469,333.17 | $1,707,653.83 | 2646.7% |
| March | $1,469,962 | $1,512,093.75 | $1,767,841.75 | 2743.5% |
| April | $1,511,253.67 | $1,554,854.33 | $1,828,029.67 | 2840.3% |
| May | $1,552,545.33 | $1,597,614.92 | $1,888,217.58 | 2937.1% |
| June | $1,593,837 | $1,640,375.50 | $1,948,405.50 | 3033.9% |
| July | $1,635,128.67 | $1,683,136.08 | $2,008,593.42 | 3130.7% |
| August | $1,676,420.33 | $1,725,896.67 | $2,068,781.33 | 3227.5% |
| September | $1,717,712 | $1,768,657.25 | $2,128,969.25 | 3324.3% |
| October | $1,759,003.67 | $1,811,417.83 | $2,189,157.17 | 3421.1% |
| November | $1,800,295.33 | $1,854,178.42 | $2,249,345.08 | 3517.9% |
| December | $1,841,587 | $1,896,939 | $2,309,533 | 3614.7% |
| All Time | $1,614,482.83 | $1,661,755.79 | $1,978,499.46 | 3082.3% |
| January | $1,912,592.58 | $1,975,978.17 | $2,362,093.25 | 3699.3% |
| February | $1,983,598.17 | $2,055,017.33 | $2,414,653.50 | 3783.8% |
| March | $2,054,603.75 | $2,134,056.50 | $2,467,213.75 | 3868.4% |
| April | $2,125,609.33 | $2,213,095.67 | $2,519,774 | 3952.9% |
| May | $2,196,614.92 | $2,292,134.83 | $2,572,334.25 | 4037.4% |
| June | $2,267,620.50 | $2,371,174 | $2,624,894.50 | 4122% |
| July | $2,338,626.08 | $2,450,213.17 | $2,677,454.75 | 4206.5% |
| August | $2,409,631.67 | $2,529,252.33 | $2,730,015 | 4291.1% |
| September | $2,480,637.25 | $2,608,291.50 | $2,782,575.25 | 4375.6% |
| October | $2,551,642.83 | $2,687,330.67 | $2,835,135.50 | 4460.1% |
| November | $2,622,648.42 | $2,766,369.83 | $2,887,695.75 | 4544.7% |
| December | $2,693,654 | $2,845,409 | $2,940,256 | 4629.2% |
| All Time | $2,303,123.29 | $2,410,693.58 | $2,651,174.63 | 4164.3% |
| January | $2,753,723.75 | $2,916,544.25 | $3,019,295.17 | 4756.4% |
| February | $2,813,793.50 | $2,987,679.50 | $3,098,334.33 | 4883.5% |
| March | $2,873,863.25 | $3,058,814.75 | $3,177,373.50 | 5010.6% |
| April | $2,933,933 | $3,129,950 | $3,256,412.67 | 5137.7% |
| May | $2,994,002.75 | $3,201,085.25 | $3,335,451.83 | 5264.9% |
| June | $3,054,072.50 | $3,272,220.50 | $3,414,491 | 5392% |
| July | $3,114,142.25 | $3,343,355.75 | $3,493,530.17 | 5519.1% |
| August | $3,174,212 | $3,414,491 | $3,572,569.33 | 5646.3% |
| September | $3,234,281.75 | $3,485,626.25 | $3,651,608.50 | 5773.4% |
| October | $3,294,351.50 | $3,556,761.50 | $3,730,647.67 | 5900.5% |
| November | $3,354,421.25 | $3,627,896.75 | $3,809,686.83 | 6027.7% |
| December | $3,414,491 | $3,699,032 | $3,888,726 | 6154.8% |
| All Time | $3,084,107.38 | $3,307,788.13 | $3,454,010.58 | 5455.6% |
The forecasts hint at a common bullish trend for Bitcoin in the long term, similar to what was obsered betwene 2025 and 2029. Between the next two decades, BTC will note a bullish explosive trend that pushes it up to have an average price between $2.9 million and $3.3 million per coin.
Disclaimer:
Investors should take these long-term predictions with a grain of salt and consider that these forecasts are bound to change depending on the macroeconomic and geopolitical landscape at the time.
Bitcoin Price Outperforms ETH, Contends With SOL
In 2024, Bitcoin price has returned nearly 52% which is just below Solana’s 56%. ETH, on the other hand, hovers around 6%. With the start of a bull run in November, this outlook will likely continue, with SOL maintaining a strong lead against BTC & ETH. Other top altcoins are likely going to parabolic as some already have.
How Spot Bitcoin ETF Helped BTC Kickstart Bull Run
The main reason for Bitcoin price surging 52% in the past year is due to the approval of a spot BTC ETF. The rally, to be precise, began after trillion-dollar asset manager BlackRock filed a spot ETF application on June 14, 2023.
The bull run that begain since then has failed to disappoint investors. With the expection of a short-term pressure form Grayscale outflows, the net flow for BTC stands in the billions. This suggests that institutional investors have been accumulating BTC via the ETF instrument.
As of October 25, the cumulative net flow stands around $21.53 billion with $188 million inflow seen on Thursday.
Source: https://coingape.com/markets/bitcoin-btc-price-today-25-october-2024/