BTC (Bitcoin) increased by 0.09% in the last 24 hours

Gate News Bot Message, November 11th, according to CoinMarketCap data, at the time of press, BTC (Bitcoin) is priced at $105,773.90, up 0.09% in the past 24 hours, with a high of $107,264.88 and a low of $98,962.06. The 24-hour trading volume reached $6.752 billion. The current market capitalization is approximately $2.11 trillion, an increase of $1.906 billion from yesterday.

Bitcoin is a decentralized digital currency first proposed by Satoshi Nakamoto in 2008. It operates using peer-to-peer technology without the need for a central authority or bank. Transactions and currency issuance are collectively managed by the network. Bitcoin’s design is open-source, with no individual ownership or control, allowing anyone to participate.

Recent important news about BTC:

1️⃣ BlackRock Bitcoin ETF Holdings Surpass $82 Billion BlackRock’s iShares Bitcoin Trust (IBIT) holdings have reached 797,013.76 BTC, corresponding to a market value of $82.41 billion. This indicates strong ongoing demand from institutional investors for Bitcoin, providing solid support for BTC prices.

2️⃣ El Salvador’s Bitcoin Holdings Increase to 6,375 BTC The Salvadoran government currently holds 6,375.18 BTC, worth approximately $66 million at current prices. As the first country to adopt Bitcoin as legal tender, El Salvador’s continued accumulation reflects confidence in Bitcoin’s long-term value.

3️⃣ Square Launches Bitcoin Payment Feature Square officially introduced Bitcoin payment functionality, allowing merchants to choose from four payment methods: BTC→BTC, BTC→Fiat, Fiat→BTC, or Fiat→Fiat. This marks Bitcoin payments becoming integrated into mainstream merchant systems, potentially further promoting practical use and adoption of Bitcoin.

From a technical perspective, BTC has recently been oscillating near the $100,000 mark, with multiple breakthroughs above $104,000 indicating upward momentum. However, early investors taking profits also exert downward pressure, which could increase short-term volatility. Market sentiment indicators show mixed opinions among investors regarding future trends.

This message is not investment advice. Please be aware of market volatility risks when investing.