$BTC
As of October 28, 2024, Bitcoin (BTC) is trading around $67,600, recovering from a recent drop after peaking at $69,110 earlier this month. The cryptocurrency is currently showing a market dominance of about 58.37%, reflecting strong investor confidence.
Open interest in Bitcoin futures has surged to nearly $39 billion, indicating heightened market activity despite a mixed sentiment among traders, with 51% holding short positions. Analysts predict that Bitcoin could reach $73,000 by the U.S. elections on November 5, with the potential for further highs depending on the election outcomes.
