BTC (Bitcoin) rose 4.50% in the last 24 hours.

Gate News Bot news, on October 13, according to CoinMarketCap, as of the time of writing, BTC (Bitcoin) is currently reported at $115,500, rising 4.50% in 24 hours, with a high of $126,200 and a low of $104,600. The 24-hour volume reached $93.672 billion. The current market capitalization is approximately $2.30 trillion, an increase of $99.128 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 Bitcoin issuance 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. With many unique properties, Bitcoin enables exciting use cases that were previously unachievable by any payment system.

Important news about BTC recently:

1️⃣ Trump has become one of the largest Bitcoin investors in the United States through indirect holdings.

Former U.S. President Donald Trump indirectly holds about $870 million in Bitcoin through his ownership of shares in Trump Media & Technology Group. The company purchased $2 billion worth of Bitcoin this July. Trump owns 41% of the company, making him one of the largest Bitcoin investors in the U.S. This massive investment could enhance Bitcoin's recognition among mainstream investors.

Institutional investors continue to increase their holdings of BTC

Two large addresses opened BTC longs worth tens of millions of dollars respectively. One address deposited 1 million USDC as margin and opened a 25x leveraged BTC long position, holding 125.73 BTC, valued at approximately 14.06 million dollars, with an opening price of 111,593.4 dollars. This indicates that institutional investors' long-term bullish sentiment towards Bitcoin remains strong.

3️⃣ Bitcoin's technical indicators show positive signals.

Cryptocurrency market analysts point out that Bitcoin is retesting the "golden cross," which is a technical pattern that historically signals a price rise. The current Bitcoin price is hovering around $110,000, and if it can hold above this level, it may trigger a new round of upward momentum.

From a technical perspective, Bitcoin has recently broken through several key levels, showing strong upward momentum. However, there are also certain volatility risks in the market, and some analysts warn of a potential pullback. Investors need to closely monitor market trends and view short-term price fluctuations rationally.

This message does not constitute investment advice; investors should be aware of the risks of market volatility.