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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Was $74K a bull trap? Bitcoin traders diverge on 2022 crash replay
Bitcoin (CRYPTO: BTC) cooled after marching toward a fresh high near $74,000 earlier in the week, setting up a critical debate among traders about whether the rally marks a local top or the next leg in a larger bullish sequence. The pullback comes as market participants weigh whether the current
CryptoBreaking4m ago
4 Bitcoin Charts Show BTC Price Forming a Bottom
Bitcoin has cooled from its all-time high and is tracing a defined range, yet several technical signals point to a potential bottom and a renewed ascent. The asset remains roughly 42% below its peak of around $126,000, with price action compressing in the $60,000 to $72,000 zone. After a dip to $60,
CryptoBreaking24m ago
Jiuzi Holdings raises $80 million through a rights issue to support the development of the crypto asset treasury
Jiuzi Holdings has signed an agreement with strategic investment institutions to subscribe for 40 million shares at $2 per share, raising $80 million. The funds will be used to expand cash reserves, build a crypto asset treasury, and develop an asset allocation strategy. The treasury will include various cryptocurrencies such as Bitcoin and Ethereum.
GateNews29m ago
