BTC (Bitcoin) fell 3.67% in 24 hours.

Gate News Bot news, on September 26, according to CoinMarketCap data, as of the time of writing, BTC (Bitcoin) is currently reported at $109,300, falling 3.67% in the last 24 hours, with a high of $117,500 and a low of $108,900. The 24-hour volume reached $75.58 billion. The current market capitalization is approximately $2.18 trillion, a decrease of $83.07 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 executed collectively by the network. Bitcoin is open-source; its design is public, and no one owns or controls Bitcoin, allowing everyone to participate. Through its unique properties, Bitcoin enables exciting use cases that are not covered by any previous payment system.

Important recent news about BTC:

1️⃣ BlackRock launches Bitcoin-related ETF products The world's largest asset management company, BlackRock, has submitted new registration documents for a Bitcoin Premium Income ETF in the state of Delaware. This is another significant move by BlackRock in the field of Bitcoin-related products, following its application for a spot Bitcoin ETF in June. At the same time, the net inflow for BlackRock's Bitcoin ETF reached 1,135 BTC (approximately $126 million) that day, bringing the total holdings to 768,285 BTC (approximately $85.28 billion). This indicates a growing interest from institutional investors in Bitcoin.

2️⃣ Large institutions continue to increase their holdings of Bitcoin Australia's Monochrome spot Bitcoin ETF has disclosed that its holdings have reached 1,051 BTC, with a market capitalization of approximately 180 million AUD. Additionally, a new cryptocurrency wallet address has cumulatively withdrawn 1,524 BTC (approximately 171 million USD) from exchanges within three days. These large-scale institutional purchases demonstrate confidence in the long-term value of Bitcoin, which may have a positive impact on the market.

3️⃣ Market sentiment is diverging, Bitcoin's dominance may increase Cryptocurrency analysts predict that Bitcoin's market dominance is expected to break 60%. The view suggests that in the coming month, altcoins may weaken in comparison to Bitcoin, and market liquidity is flowing back to Bitcoin. Meanwhile, traders have strong bearish sentiment towards Ethereum, believing its upside potential above $4,100 is limited. This divergence in market sentiment may further drive funds towards Bitcoin.

From a technical perspective, Bitcoin has fallen below the key risk zone that typically indicates a profit-taking range. If it fails to return to that range, it may drop to the support range of $90,000-105,000. Investors should closely monitor changes in this technical indicator.

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