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Current news and today's latest news on the current Bitcoin price at a glance.
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Investors are investing more in Bitcoin again. After a weak phase, spot ETFs are recording higher inflows - especially from professionals. Today's latest news in the Bitcoin news blog.
Here you can see the current Bitcoin price in US dollars and in real time. The actual value may therefore differ from the prices mentioned in the text. In addition, you can also view historical prices and developments in different time periods, as well as the entire BTC chart.
October 17, 2024 – Institutional interest in Bitcoin increases
After Larry Fink, CEO of the world's largest asset manager BlackRock, was skeptical about Bitcoin for a long time, he has recently spoken positively about the cryptocurrency. Most recently he described it as an independent asset class that he sees as an alternative to commodities such as gold. Now BlackRock is launching a campaign to make Bitcoin attractive to institutional investors.
In the third quarter report, Fink further emphasized that the development of Bitcoin does not depend on regulations or the next US president. Above all, the increasing interest in Bitcoin investments is leading to more liquidity.
Meanwhile, institutional interest in Bitcoin is growing again. Bitcoin ETFs in the US recently recorded a significant net inflow, which exceeded $555 million on Monday alone, according to data from the analysis firm Coinglass. This was the highest net inflow since the beginning of June. And this trend continues: New data from Farside Investors shows that it was already the third successful day in a row for the spot Bitcoin ETFs. HODL15Capital announced on the social media platform X that 5,650 Bitcoin were bought by ETFs on Tuesday, while at the same time only 450 new Bitcoin were added to the market through mining.
On Monday, 8,358 Bitcoin were even accumulated. In the last two trading days, a total of more than 14,000 Bitcoin were purchased via the ETFs, while only 900 new Bitcoin were added to the inventory. Demand therefore currently significantly exceeds supply.
BlackRock's IBIT fund recently took the lead again, ahead of Fidelity's FBTC fund, as the best-performing Bitcoin ETF. It was also BlackRock's best day since July 22, with an inflow of $288.8 million. Fidelity, on the other hand, recorded a rather small inflow of $35 million. Grayscale's GBTC fund also recorded capital inflows for the second day in a row. On Tuesday, $8 million flowed into the fund, which has lost almost $21 billion since its launch in January.
According to the analysis portal Coinmarketcap, the most recent price of the most important cryptocurrency was around 67,400 dollars (as of 10:50 a.m.) . Bitcoin has recorded a price gain of around 59 percent since the beginning of the year.
October 15, 2024 – Bitcoin price rises above the $67,000 mark
Bitcoin prices rose to their highest level in two weeks at the start of the week as China's latest stimulus measures sparked mixed reactions and fueled speculation that investors might invest in bitcoin rather than Chinese stocks, Bloomberg reported.
China is trying to get its economy back on track, but a much-anticipated government press conference over the weekend left open the extent of the planned fiscal stimulus. Economists doubt that the measures will be enough to stop deflation. Meanwhile, the rally on Chinese stock markets is beginning to weaken. Bitcoin recorded further gains on Tuesday.
"Markets may be viewing China's disappointing stimulus measures as a good sign for Bitcoin. Previously, a rotation of capital from Bitcoin to Chinese equities was seen as a drag on crypto prices," explained Caroline Mauron, co-founder of Orbit Markets, a liquidity provider for trading derivatives on digital assets.
The US presidential election campaign could also give digital currencies a further boost. Prediction markets have seen a turnaround in recent days, giving crypto-friendly Republican candidate Donald Trump a higher chance of winning than his Democratic rival, Vice President Kamala Harris.
At the same time, the insolvent crypto exchange Mt. Gox postponed the deadline for repaying the remaining assets to creditors to October 31, 2025. Arkham Intelligence estimates the value of these assets at about $2.9 billion.
The delay alleviates fears of a sudden oversupply if creditors sell their recovered Bitcoin. "The recent rise in Trump polls will further boost market sentiment and reinforce the positive price reaction to good news," said Benjamin Celermajer, co-chief investment officer at Magnet Capital. "This will make news like Mt. Gox's postponed repayment plan even more positive."
In October, the price of Bitcoin remained largely stable after a weak start to the month. Bloomberg data shows that October has seen an average increase of 20 percent over the past decade. "Historical data suggests that crypto markets typically do not develop their seasonal strength in October until the second half of the month," wrote Sean Farrell, head of digital asset strategy at Fundstrat Global Advisors LLC, in a statement.
October 9, 2024 – Inflation rate in the US falls
Inflation in the US has continued to weaken. In September, the inflation rate fell to 2.4 percent, according to the latest data from the US Department of Labor. However, this figure was slightly above expectations, as economists had expected 2.3 percent. In August, the inflation rate had already almost reached the US Federal Reserve's target of two percent. At that time, consumer prices rose by 2.5 percent compared to the same month last year.
Core inflation, which excludes volatile energy and food prices, recently rose slightly year-on-year to 3.3 percent. In contrast to Europe, where inflation is often viewed year-on-year, the US prefers to analyze the change compared to the previous month in order to better capture current price trends. According to the latest data, prices in this comparison rose by 0.2 percent in September compared to August.
In addition to the inflation data, weak figures from the US labor market were published in the USA. Initial applications for unemployment benefits unexpectedly rose to 258,000 last week, while analysts had only predicted 225,000 applications. In recent months, the labor market has shown a mixed picture: While the situation initially worsened in the summer, the labor market data for September was unexpectedly positive.
September 19, 2024 – Fed cuts key interest rate by 0.5 percent; Bitcoin above the $62,000 mark
The US Federal Reserve has initiated a new phase of its monetary policy and implemented this with a significant step: On Wednesday, the committee led by Fed Chairman Jerome Powell lowered the key interest rate by half a percentage point. Interest rate hikes usually occur in quarter-percentage points. "We are determined to preserve the strength of our economy," Powell emphasized in a press conference after the decision.
With the significant interest rate cut, the Fed wants to "recalibrate" the monetary policy course in order to support the labor market. However, Powell rejected accusations that the Fed reacted too late and therefore chose such a big step. "We are not too slow," he clarified.
According to Powell, the central bank now has "more certainty" that inflation will continue to move toward the two percent target, as the Fed's statement shows. In August, inflation was 2.5 percent. Experts on the market were divided on how to assess Powell's move. Some welcomed the unusually large interest rate cut, which many had called for beforehand.
September 12, 2024 – US inflation rate approaches Fed’s target of two percent
In August, consumer prices rose by 2.5 percent compared to the same month last year, according to the US Department of Labor. This means that the inflation rate was just below forecasts. Experts had previously expected an overall rate of 2.6 percent for August.
In July, the overall rate was still 2.9 percent. In 2023, consumer prices in the US were heavily influenced by the effects of the corona pandemic and the Russian war of aggression against Ukraine. In June 2022, the inflation rate in the US reached 9.1 percent, its highest level in 40 years.
September 4, 2024 – Bitcoin price continues to fall
Bitcoin prices are falling to their lowest level in a month as investors around the world are becoming increasingly cautious about risky assets amid growing concerns about the economic situation, Bloomberg news agency reports. Weak economic data from the US and China have unsettled markets and ushered in the worst period for global equities since early August.
This negative sentiment is now spilling over into the crypto market. Many traders are eagerly awaiting the US jobs report, which will be released on Friday and may provide clues as to whether a deeper economic slowdown is imminent.
The options market is also seeing increased interest in hedging against a potential Bitcoin decline. This is not only related to the upcoming labor market data, but also to the US presidential election in November, explains Sean McNulty, head of trading at Arbelos Markets. "We are seeing growing interest in put options on Bitcoin, especially at prices below $55,000 after the payroll data is released," says McNulty. A larger position has also been opened for options expiring on November 29 with a strike price of $35,000, he adds.
This hedge could be particularly useful if Donald Trump, who is considered crypto-friendly, wins the election. However, if Kamala Harris, the Democratic vice president, wins the election - she has not yet commented on cryptocurrencies - that could put pressure on the market.
Another sign of increasing investor caution is the decline in open interest in Bitcoin futures on the CME Group, which has fallen to its lowest level since May. At the same time, Bitcoin exchange-traded funds in the US are experiencing the longest streak of net outflows since June, Bloomberg data shows.
Katie Stockton, technical analyst at Fairlead Strategies LLC, sees a "long-term neutral bias" for Bitcoin in her latest analysis. Tony Sycamore, market analyst at IG Australia Pty, expects a possible test of the price range between $52,000 and $50,000.
August 29, 2024 – Bitcoin price gives up recent gains
The Bitcoin price has once again recorded a sharp decline. Within a few hours, Bitcoin, the largest and best-known digital currency, lost more than six percent and fell below the 60,000 dollar mark. Investors were particularly alarmed by the interest rate hikes in Japan at the beginning of August. However, the market quickly recovered from this shock.
Bitcoin, for example, increased in value by almost 18 percent from then until the most recent price dip. The Bitcoin price is thus giving up the gains it received at the end of last week from the clearest indications yet from the chairman of the US Federal Reserve, Jerome Powell, that the central bank is on the way to lowering key interest rates from a level that has been high for more than two decades.
August 26, 2024 – US Federal Reserve Chairman Jerome Powell announces interest rate cut, Bitcoin price increases
The latest statements by the US Federal Reserve (Fed) have created a positive mood on stock markets on both sides of the Atlantic. In a speech at the Federal Reserve Forum in Jackson Hole last Friday, Fed Chairman Jerome Powell gave the financial markets the hoped-for signal of a possible interest rate turnaround in September. Analysts and investors firmly believe that the Fed will cut interest rates at its meeting on September 18, although the exact amount of the interest rate cut is still unclear.
The long-awaited speech by Federal Reserve Chairman Jerome Powell on Friday finally brought the hoped-for clarity: "The time has come," he declared. "It is time to adjust monetary policy." Powell thus set the course for the Fed meeting on September 18, but stressed that the extent and speed of the interest rate cuts would depend on the upcoming data, the economic outlook and the risk assessment. Most observers had already expected this step.
So far, the Fed is one of the few central banks that has not changed its key interest rate and continues to keep it in a range of 5.25 to 5.5 percent. In contrast, the European Central Bank (ECB) already lowered the key interest rate at its meeting in June to take account of the declining inflation figures. The key interest rate at which banks can borrow money from the ECB is now 4.25 percent.
August 15, 2024 – Inflation in the US slows down
In the US, price increases slowed unexpectedly in July. According to data from the US Department of Labor on Wednesday, consumer prices rose by 2.9 percent compared to the same month last year. This is the lowest inflation rate since March 2021, after it was 3.0 percent in the previous month. Economists had on average expected the rate to remain unchanged. Month-on-month, prices rose by 0.2 percent, which was also in line with economists' forecasts.
The core inflation rate, which excludes energy and food, fell to 3.2 percent in July from 3.3 percent in the previous month, as also expected. Core consumer prices also rose by 0.2 percent month-on-month, as forecast. The US Federal Reserve (Fed) is paying particular attention to the core inflation rate, as experts believe it reflects the general price trend better than the headline rate.
It is expected that the Fed could loosen its monetary policy. Financial markets consider an interest rate cut in September to be likely, although a larger rate hike of 50 basis points is not being ruled out.
The Fed is aiming for an inflation rate of two percent. In addition to the declining inflation, weaker labor market and economic data also point to a possible interest rate cut. The US Federal Reserve has indicated such a cut, but has tied it to further data. In the meantime, concerns about the US economy led to turbulence on the financial markets.
August 5, 2024 – Bitcoin price falls to lowest level since February
On Monday night, Bitcoin also entered a critical phase on the international financial markets. The price of the largest and oldest cryptocurrency collapsed by more than 100 percent within a few hours and in the morning temporarily fell below the $50,000 mark, the lowest level since February. Within one day, the total market capitalization of the crypto market fell by 14 percent to $1.85 trillion, wiping out around $250 billion in investor money.
For comparison: This corresponds to slightly more than the market value of SAP, Germany's most valuable company. A specific trigger for the drastic price drop was initially not apparent.
July 22, 2024 – After Biden’s withdrawal: Bitcoin rises to monthly high
The Bitcoin price has reached its highest level in more than a month at over $68,000. Last night, the oldest and best-known cryptocurrency was temporarily trading at just under $68,500 on the Bitstamp trading platform. Immediately after the announcement of Joe Biden's resignation as the Democratic candidate for the US presidency, Bitcoin initially fell below $66,000 on Sunday evening before rising again, according to the DPA.
After withdrawing as a presidential candidate, Joe Biden proposed his running mate Kamala Harris as the frontrunner in the race for the White House. Analyst Tony Sycamore of trading house IG Australia believes that the market expects Harris to lose the presidential election to Trump. Sycamore also sees Trump as a "crypto-friendly US president."
The prospect of a possible Donald Trump presidency appears to be boosting the Bitcoin price. Benjamin Celermajer, who is responsible for investment business at Magnet Capital, told Bloomberg that the market would likely become more investable under a Trump administration.
This positive expectation was reflected in the Bitcoin price: After the assassination attempt on Donald Trump, the cryptocurrency had increased in price by around 17 percent. After President Biden announced his withdrawal from the candidacy after weeks of criticism, the Bitcoin price temporarily rose above $68,000, the highest level in a month.
March 5, 2024 – Bitcoin hits new all-time high for the first time before halving
Bitcoin rose above the $69,000 mark, marking a new all-time high for the first time in its history before the so-called halving.