BTC (Bitcoin) fell 3.63% in the last 24 hours.

Gate News Bot news, on October 30, according to CoinMarketCap data, as of the time of writing, BTC (Bitcoin) is currently priced at $108,900, down 3.63% in the last 24 hours, with a high of $116,300 and a low of $108,100. The 24-hour volume reached $66.73 billion. The current market capitalization is approximately $2.17 trillion, a decrease of $81.754 billion compared to yesterday.

Bitcoin is an innovative payment network and a new kind of currency. Bitcoin operates on a peer-to-peer technology, without a central authority or bank managing it; transaction management and the issuance of Bitcoin are executed collectively by the network. Bitcoin is open-source; its design is public, no one owns or controls Bitcoin, and everyone can participate. Through its many unique properties, Bitcoin allows for exciting uses that were not possible with any previous payment system.

Important news about BTC recently:

1️⃣ Institutional investors continue to increase their holdings, bullish sentiment remains strong Multiple well-known investors and institutions have recently increased their allocation to Bitcoin. An investor known as the “100% win rate whale” has opened a 13x leveraged long position in BTC, currently valued at 9.86 million dollars, with an opening price of 111,099.2 dollars. In addition, three large investors have collectively opened long positions in BTC and ETH worth 45.53 million dollars. This reflects that institutional investors' confidence in the long-term value of Bitcoin remains strong.

2️⃣ SpaceX transfers Bitcoin holdings again SpaceX executed a transfer of 281 BTC (worth approximately 31.28 million USD) to a new wallet address. This is the third adjustment of its Bitcoin holdings by SpaceX within 10 days. As a company with high market attention, its continued focus and operations regarding Bitcoin may have a certain impact on market sentiment.

3️⃣ Hong Kong regulators focus on listed companies participating in cryptocurrency investments The Chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, stated that there are currently no regulations in Hong Kong governing listed companies' participation in cryptocurrency investments, but the regulatory authority will closely monitor market conditions and consider providing relevant guidelines for the market. This statement indicates that Hong Kong's regulatory authorities are actively responding to the penetration of cryptocurrency investments in the traditional financial market, which may lay the foundation for future regulatory policy formulation.

From a technical perspective, the price of Bitcoin has experienced a pullback in the short term, but it remains in an upward channel overall. The current support level is around $108,000, while the resistance level is approximately $112,000. Market volatility has increased, indicating that significant price fluctuations may occur in the short term.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.