Bitcoin Surpasses $120,000 Amidst Market Gains
Bitcoin, the world's largest cryptocurrency, has hit a significant milestone, surpassing $120,000. This comes amidst a 12.10% gain over the past 90 days and a 2.88% increase in the last 24 hours. The coin's trading volume has reached $71.51 billion globally.
Bitcoin's circulating supply currently stands at 19,928,203 BTC, with a maximum limit of 21,000,000 BTC. The cryptocurrency's price has been on an upward trajectory, with a 4.47% increase within 24 hours, pushing it past $118,000. This growth can be attributed to technological advancements, as highlighted by the Coincu research team. Meanwhile, Pacifica's trading volume on Solana peaked at $1.75 billion, drawing substantial attention to the platform.
U.S. stock index futures also ticked upward, driven by technology stocks and global indices, following OpenAI's equity sale. Ongoing expectations of regulatory clarity could potentially influence cryptocurrency valuations favorably in the coming months. Sophia Panel, a female Web3 content strategist and blockchain journalist, covers these market trends for Coincu.com. Historically, Bitcoin has maintained an average return of 21.89% in October since 2013.
Bitcoin's current price stands at $120,741.70, with a market cap of $2.41 trillion. Despite recent gains, the cryptocurrency market remains volatile, with future performance subject to various factors, including technological advancements and regulatory clarity.
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