BTC (Bitcoin) fell 0.91% in the last 24 hours.

Gate News Bot news, on October 28, according to CoinMarketCap data, as of the time of writing, BTC (Bitcoin) is currently reported at $113,900, with a 0.91% fall in the last 24 hours, reaching a high of $116,300 and a low of $106,800. The 24-hour volume has reached $59.029 billion. The current market capitalization is approximately $2.27 trillion, a decrease of $20.926 billion compared to yesterday.

Bitcoin is an innovative payment network and a new type of currency. Bitcoin operates on a peer-to-peer technology without the need for a central authority or bank; transaction management and the issuance of Bitcoin are collectively executed by the network. Bitcoin is open-source; its design is public, and no one owns or controls Bitcoin, allowing everyone to participate. Through its many unique properties, Bitcoin enables exciting use cases that previous payment systems could not cover.

Important recent news about BTC:

1️⃣ Institutions continue to increase their holdings of Bitcoin Strategy increased its holdings by 390 BTC last week, valued at $43.4 million, with an average purchase price of $111,053. After this increase, Strategy's total Bitcoin holdings reached 640,808 BTC. At the same time, the Spanish listed company VANADITreasury also added 3 BTC, bringing its total holdings to 115 BTC. This indicates that institutional investors still have strong long-term confidence in Bitcoin.

2️⃣ Bitcoin volatility converges with gold The quarterly volatility of Bitcoin is nearly on par with gold, with a difference of only 0.2%. This data indicates that Bitcoin is gradually exhibiting characteristics similar to gold and may be becoming real “digital gold”. The convergence of volatility also signifies that the Bitcoin market is maturing, which helps attract more institutional investors.

3️⃣ Mt. Gox creditors' payments postponed again The once-largest Bitcoin exchange Mt. Gox has postponed the repayment date for creditors to October 2026. The exchange still holds 34,689 BTC awaiting distribution. This delay may temporarily alleviate market concerns about a large-scale sell-off of Bitcoin, but it also extends the waiting time for creditors.

From a technical perspective, although the price of Bitcoin has experienced a slight pullback, it still remains above the high range of $110,000. In terms of market heat, Bitcoin ranks first among mainstream cryptocurrencies, indicating that investor attention remains high. However, the market also needs to be cautious of potential short-term adjustment risks.

This message is not an investment advice, and investors should be aware of market volatility risks.