As of 8 a.m. ET, the price of bitcoin, or 1 BTC, was $67,341.34. The crypto’s highest intraday price in the past year was $73,750.07 on March 14, 2024. The chart above pulls data as of 8 a.m. ET daily and doesn’t display intraday highs or lows.

Institutional investors have doubled down their Bitcoin purchases in the recent past in a bid to hedge against global inflation.

The potential impact of a stock market crash on Bitcoin's price. Will Bitcoin rise as a safe-haven asset, or follow traditional markets down? Find out what experts are predicting.

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.

On Monday, the price of bitcoin shot up past $69,000, before correcting to $67,510, where it is currently sitting at the time of writing. While this sharp plunge worried many in the crypto space, others say that the bitcoin market simply overheated and there is no reason to worry.

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.

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