Price Analysis

Bitcoin Price is Up 0.80% Today as BTC Trades at $67,000

Explore what to expect from Bitcoin price today as BTC is up 0.03% after a weekend rally followed by a brutal sell-off.

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Published 24 Oct, 2024 | 11:00:10 AM UTC

Bitcoin Price is Up 0.80% Today as BTC Trades at $67,000

Highlights

Bitcoin price today is up 0.80% after rallying in the late New York session on Thursday.
BTC could restart its 2023 bull run after the US presidential elections end on November 5.
Investors can expect Bitcoin to remain uncertain in the short-term outlook.

Bitcoin (BTC) price today trades at $68,101.0 as of 11 PM. BTC price hit a daily high of $68,821.0 today after sliding 2.09% on October 9.

Why Bitcoin Price is Rising Today?

Bitcoin price dropped 0.04% today and currently auctions around $66,890 on October 24, 2024. Since the weekend rally, BTC has been on a downtrend and continues to shed as investors sell. Although there was a brief rally to $67,600 in the late New York trading session, the overall trend remains bearish.

Bitcoin Price Today

Short-term Bitcoin Price Performance is Bearish

*bitcoin price updated as of 11 PM.

Price of BTC trades at $66,990, bringing the year-to-date gain from 56% on October 20 to 52% as of October 24. Although many altcoins have shot up in excess of triple digits, Bitcoin has yet to do the same. Ethereum price’s YTD performance stands at 7.13% and is well below BTC.

Although Bitcoin is the largest cryptocurrency by market capitalization, Bitcoin’s popularity is due to its first-mover advantage and its being a secure, decentralized network. In addition, many narratives like digital gold, inflation hedge, uncorrelated asset, have kept BTC at the forefront of the crypto market since its inception in 2009.

Bullish Historical Bitcoin Price Action to Continue in Q4, 2024

As Bitcoin price continues its seven-month consolidation, investors need to focus on diminishing YTD returns for BTC that has dropped from 56% on October 20 to 52% as of this writing. Investors can expect this number to remain uncertain in the short term. However, the first of November could bring with it massive volatility due to the conclusion of the US presidential elections. Many industry veterans speculate that cryptocurrencies will likely rally regardless of who wins the elections. Regardless, if the bull run kickstarts in November, investors can expect a new ATH by December and Bitcoin’s market capitalization, which stands at $1,346.3 billion, to push toward the $2 trillion mark.

This confidence comes due to the fact that Bitcoin is currently in the fourth quarter, which is the most bullish phase through the year.

Historical Bitcoin Price Performance

Bitcoin: The Largest Cryptocurrency

Together with Ethereum, the duo constitutes nearly 70% of the total cryptocurrency market capitalization which stands at $2.40 trillion. Out of that, Bitcoin’s market cap stands at $1,346.3 billion, significantly higher than Ethereum’s $314 billion.

Despite the seven-month consolidation, Bitcoin’s $1.3 trillion market cap continues to dominate popular cryptos like Solana (SOL) and Ripple (XRP), whose market capitalization hovers around $78 billion and $30 billion.

BTC Trading Volume

The short-term outlook for BTC is bearish, but Wednesday’s late New York session rally promises a potential pullback to the upside. A closer look at BTC’s trading volume shows that it is $36.4 billion, and most of this is contributed by Binance, one of the largest cryptocurrency exchanges. This platform alone contributes about 11% to the spot trading volume and nearly 41% to the perpetual trading volume. Other exchanges, like OKX, Bitget, etc, follow Binance.

Major Bitcoin Upgrades

With a market cap of $1.3 trillion, it is necessary for the network to remain secure, decentralized and scalable. This is possible by upgrading the Bitcoin network on a regular basis.

Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009.

Bitcoin Network Upgrades Since 2009

Here are some key milestone upgrades to the Bitcoin network over the past decade.

2020-2024

Taproot Upgrade (November 2021)

Muir Glacier Upgrade (January 2020)

2017-2019

Schnorr/Tapscript Upgrade (proposed, not activated)

SegWit2x (canceled)

Segregated Witness (SegWit) Upgrade (August 2017)

2015-2016

Bitcoin Core 0.12.0 Upgrade (February 2016)

BIP66 Upgrade (July 2015)

2013-2014

Bitcoin Core 0.9.0 Upgrade (March 2014)

BIP0016 Upgrade (May 2013)

2010-2012

Pay-to-Script-Hash (P2SH) Upgrade (April 2012)

Bitcoin Core 0.6.0 Upgrade (June 2011)

2009-2010

Bitcoin Core 0.3.0 Upgrade (October 2009)

Bitcoin Price Prediction & Trends

The recent downtrend in Bitcoin price can be attributed to the ongoing seven-month consolidation. With the US presidential election coming to an end, investors can expect a breakout from this rangebound movement. A conclusion to this sideways move will be massive and highly volatile and could target liquidity on either side before heading to a new all-time high (ATH).

As a result, the next few weeks are critical in setting the tone for Bitcoin and the rest of the crypto markets.

Bitcoin Price Forecast For Next Month

Date	Price	Change
October 08, 2025	124839.94	0.1%
October 09, 2025	126379.41	1.33%
October 10, 2025	128187.38	2.78%
October 11, 2025	130337.07	4.51%
October 12, 2025	131989.06	5.83%
October 13, 2025	132877.24	6.54%
October 14, 2025	132286.54	6.07%
October 15, 2025	131358.03	5.33%
October 16, 2025	130589.68	4.71%
October 17, 2025	130888.72	4.95%
October 18, 2025	131347.40	5.32%
October 19, 2025	131845.94	5.72%
October 20, 2025	131769.98	5.66%
October 21, 2025	131576.94	5.5%
October 22, 2025	131275.83	5.26%
October 23, 2025	131019.87	5.05%
October 24, 2025	130877.54	4.94%
October 25, 2025	130902.84	4.96%
October 26, 2025	129723.76	4.02%
October 27, 2025	128600.27	3.11%
October 28, 2025	128209.64	2.8%
October 29, 2025	127924.88	2.57%
October 30, 2025	127590.00	2.3%
October 31, 2025	126775.80	1.65%
November 01, 2025	126721.48	1.61%
November 02, 2025	127158.11	1.96%
November 03, 2025	127219.69	2.01%
November 04, 2025	127461.03	2.2%
November 05, 2025	127897.11	2.55%
November 06, 2025	127691.77	2.39%

Based on Coingape’s Bitcoin price prediction, investors can expect a 31.15% rally from BTC in the next week, hinting that BTC price would trade around $87,093 on October 31. In a month, however, the largest crypto by market cap, could be exchanging hands at around $92k.

What to Expect From Bitcoin Price Between 2025 and 2029

2025

Month	Minimum Price	Average Price	Maximum Price	Potential ROI
January	$108,521.31	$130,128.33	$119,324.83	-4.5%
February	$107,757.66	$127,379.42	$117,568.54	-5.9%
March	$106,994	$124,630.51	$115,812.26	-7.4%
April	$106,230.35	$121,881.59	$114,055.97	-8.8%
May	$105,466.69	$119,132.68	$112,299.69	-10.2%
June	$104,703.04	$116,383.77	$110,543.41	-11.6%
July	$103,939.38	$113,634.86	$108,787.12	-13%
August	$103,175.72	$110,885.95	$107,030.84	-14.4%
September	$102,412.07	$108,137.04	$105,274.55	-15.8%
October	$101,648.41	$105,388.12	$103,518.27	-17.2%
November	$100,884.76	$102,639.21	$101,761.98	-18.6%
December	$100,121.10	$99,890.30	$100,005.70	-20%
All Time	$104,321.21	$115,009.31	$109,665.26	-12.3%

2026

Month	Minimum Price	Average Price	Maximum Price	Potential ROI
January	$115,367.76	$115,837.44	$120,186.14	-3.9%
February	$130,614.42	$131,784.58	$140,366.58	12.3%
March	$145,861.08	$147,731.73	$160,547.03	28.4%
April	$161,107.73	$163,678.87	$180,727.47	44.6%
May	$176,354.39	$179,626.01	$200,907.91	60.7%
June	$191,601.05	$195,573.15	$221,088.35	76.9%
July	$206,847.71	$211,520.29	$241,268.79	93%
August	$222,094.37	$227,467.43	$261,449.23	109.2%
September	$237,341.03	$243,414.58	$281,629.68	125.3%
October	$252,587.68	$259,361.72	$301,810.12	141.4%
November	$267,834.34	$275,308.86	$321,990.56	157.6%
December	$283,081	$291,256	$342,171	173.7%
All Time	$199,224.38	$203,546.72	$231,178.57	84.9%

2027

Month	Minimum Price	Average Price	Maximum Price	Potential ROI
January	$293,105.67	$301,570.33	$354,786.17	183.8%
February	$303,130.33	$311,884.67	$367,401.33	193.9%
March	$313,155	$322,199	$380,016.50	204%
April	$323,179.67	$332,513.33	$392,631.67	214.1%
May	$333,204.33	$342,827.67	$405,246.83	224.2%
June	$343,229	$353,142	$417,862	234.3%
July	$353,253.67	$363,456.33	$430,477.17	244.4%
August	$363,278.33	$373,770.67	$443,092.33	254.5%
September	$373,303	$384,085	$455,707.50	264.6%
October	$383,327.67	$394,399.33	$468,322.67	274.6%
November	$393,352.33	$404,713.67	$480,937.83	284.7%
December	$403,377	$415,028	$493,553	294.8%
All Time	$348,241.33	$358,299.17	$424,169.58	239.3%

2028

Month	Minimum Price	Average Price	Maximum Price	Potential ROI
January	$417,320.67	$429,730	$511,190.25	308.9%
February	$431,264.33	$444,432	$528,827.50	323%
March	$445,208	$459,134	$546,464.75	337.2%
April	$459,151.67	$473,836	$564,102	351.3%
May	$473,095.33	$488,538	$581,739.25	365.4%
June	$487,039	$503,240	$599,376.50	379.5%
July	$500,982.67	$517,942	$617,013.75	393.6%
August	$514,926.33	$532,644	$634,651	407.7%
September	$528,870	$547,346	$652,288.25	421.8%
October	$542,813.67	$562,048	$669,925.50	435.9%
November	$556,757.33	$576,750	$687,562.75	450%
December	$570,701	$591,452	$705,200	464.1%
All Time	$494,010.83	$510,591	$608,195.13	386.5%

2029

Month	Minimum Price	Average Price	Maximum Price	Potential ROI
January	$592,288.17	$613,774.33	$729,717.58	483.8%
February	$613,875.33	$636,096.67	$754,235.17	503.4%
March	$635,462.50	$658,419	$778,752.75	523%
April	$657,049.67	$680,741.33	$803,270.33	542.6%
May	$678,636.83	$703,063.67	$827,787.92	562.2%
June	$700,224	$725,386	$852,305.50	581.8%
July	$721,811.17	$747,708.33	$876,823.08	601.4%
August	$743,398.33	$770,030.67	$901,340.67	621%
September	$764,985.50	$792,353	$925,858.25	640.7%
October	$786,572.67	$814,675.33	$950,375.83	660.3%
November	$808,159.83	$836,997.67	$974,893.42	679.9%
December	$829,747	$859,320	$999,411	699.5%
All Time	$711,017.58	$736,547.17	$864,564.29	591.6%

By 2025, Bitcoin price could hit the six-digit territory and expect a massive bull run to kickstart in the years leading up to 2029. Coingape’s Bitcoin price prediction notes that BTC could trade between $82,213.41 and $660,471.83 by 2029.

Bitcoin Price Outlook between 2030 and 2050

2030

Month	Minimum Price	Average Price	Maximum Price	Potential ROI
January	$860,788.25	$890,761.25	$1,035,646.25	728.5%
February	$891,829.50	$922,202.50	$1,071,881.50	757.5%
March	$922,870.75	$953,643.75	$1,108,116.75	786.5%
April	$953,912	$985,085	$1,144,352	815.5%
May	$984,953.25	$1,016,526.25	$1,180,587.25	844.4%
June	$1,015,994.50	$1,047,967.50	$1,216,822.50	873.4%
July	$1,047,035.75	$1,079,408.75	$1,253,057.75	902.4%
August	$1,078,077	$1,110,850	$1,289,293	931.4%
September	$1,109,118.25	$1,142,291.25	$1,325,528.25	960.4%
October	$1,140,159.50	$1,173,732.50	$1,361,763.50	989.4%
November	$1,171,200.75	$1,205,173.75	$1,397,998.75	1018.4%
December	$1,202,242	$1,236,615	$1,434,234	1047.4%
All Time	$1,031,515.13	$1,063,688.13	$1,234,940.13	887.9%

2031

Month	Minimum Price	Average Price	Maximum Price	Potential ROI
January	$1,255,606.58	$1,292,267.75	$1,489,974.50	1091.9%
February	$1,308,971.17	$1,347,920.50	$1,545,715	1136.5%
March	$1,362,335.75	$1,403,573.25	$1,601,455.50	1181.1%
April	$1,415,700.33	$1,459,226	$1,657,196	1225.7%
May	$1,469,064.92	$1,514,878.75	$1,712,936.50	1270.3%
June	$1,522,429.50	$1,570,531.50	$1,768,677	1314.9%
July	$1,575,794.08	$1,626,184.25	$1,824,417.50	1359.5%
August	$1,629,158.67	$1,681,837	$1,880,158	1404.1%
September	$1,682,523.25	$1,737,489.75	$1,935,898.50	1448.7%
October	$1,735,887.83	$1,793,142.50	$1,991,639	1493.3%
November	$1,789,252.42	$1,848,795.25	$2,047,379.50	1537.9%
December	$1,842,617	$1,904,448	$2,103,120	1582.4%
All Time	$1,549,111.79	$1,598,357.88	$1,796,547.25	1337.2%

2032

Month	Minimum Price	Average Price	Maximum Price	Potential ROI
January	$1,915,558.67	$1,978,585.25	$2,194,599.50	1655.6%
February	$1,988,500.33	$2,052,722.50	$2,286,079	1728.8%
March	$2,061,442	$2,126,859.75	$2,377,558.50	1802%
April	$2,134,383.67	$2,200,997	$2,469,038	1875.2%
May	$2,207,325.33	$2,275,134.25	$2,560,517.50	1948.3%
June	$2,280,267	$2,349,271.50	$2,651,997	2021.5%
July	$2,353,208.67	$2,423,408.75	$2,743,476.50	2094.7%
August	$2,426,150.33	$2,497,546	$2,834,956	2167.9%
September	$2,499,092	$2,571,683.25	$2,926,435.50	2241.1%
October	$2,572,033.67	$2,645,820.50	$3,017,915	2314.3%
November	$2,644,975.33	$2,719,957.75	$3,109,394.50	2387.4%
December	$2,717,917	$2,794,095	$3,200,874	2460.6%
All Time	$2,316,737.83	$2,386,340.13	$2,697,736.75	2058.1%

2033

Month	Minimum Price	Average Price	Maximum Price	Potential ROI
January	$2,817,183.50	$2,896,327	$3,323,170.25	2558.5%
February	$2,916,450	$2,998,559	$3,445,466.50	2656.3%
March	$3,015,716.50	$3,100,791	$3,567,762.75	2754.1%
April	$3,114,983	$3,203,023	$3,690,059	2852%
May	$3,214,249.50	$3,305,255	$3,812,355.25	2949.8%
June	$3,313,516	$3,407,487	$3,934,651.50	3047.6%
July	$3,412,782.50	$3,509,719	$4,056,947.75	3145.5%
August	$3,512,049	$3,611,951	$4,179,244	3243.3%
September	$3,611,315.50	$3,714,183	$4,301,540.25	3341.1%
October	$3,710,582	$3,816,415	$4,423,836.50	3439%
November	$3,809,848.50	$3,918,647	$4,546,132.75	3536.8%
December	$3,909,115	$4,020,879	$4,668,429	3634.6%
All Time	$3,363,149.25	$3,458,603	$3,995,799.63	3096.5%

2040

Month	Minimum Price	Average Price	Maximum Price	Potential ROI
January	$5,501,903.50	$6,011,214.58	$6,285,974.17	4928.6%
February	$5,495,202	$5,991,110.17	$6,259,168.33	4907.2%
March	$5,488,500.50	$5,971,005.75	$6,232,362.50	4885.7%
April	$5,481,799	$5,950,901.33	$6,205,556.67	4864.3%
May	$5,475,097.50	$5,930,796.92	$6,178,750.83	4842.8%
June	$5,468,396	$5,910,692.50	$6,151,945	4821.4%
July	$5,461,694.50	$5,890,588.08	$6,125,139.17	4800%
August	$5,454,993	$5,870,483.67	$6,098,333.33	4778.5%
September	$5,448,291.50	$5,850,379.25	$6,071,527.50	4757.1%
October	$5,441,590	$5,830,274.83	$6,044,721.67	4735.6%
November	$5,434,888.50	$5,810,170.42	$6,017,915.83	4714.2%
December	$5,428,187	$5,790,066	$5,991,110	4692.7%
All Time	$5,465,045.25	$5,900,640.29	$6,138,542.08	4810.7%

2050

Month	Minimum Price	Average Price	Maximum Price	Potential ROI
January	$7,013,083.67	$7,344,805.92	$7,612,864.75	5990.1%
February	$7,029,837.33	$7,371,611.83	$7,666,476.50	6033%
March	$7,046,591	$7,398,417.75	$7,720,088.25	6075.9%
April	$7,063,344.67	$7,425,223.67	$7,773,700	6118.8%
May	$7,080,098.33	$7,452,029.58	$7,827,311.75	6161.6%
June	$7,096,852	$7,478,835.50	$7,880,923.50	6204.5%
July	$7,113,605.67	$7,505,641.42	$7,934,535.25	6247.4%
August	$7,130,359.33	$7,532,447.33	$7,988,147	6290.3%
September	$7,147,113	$7,559,253.25	$8,041,758.75	6333.2%
October	$7,163,866.67	$7,586,059.17	$8,095,370.50	6376.1%
November	$7,180,620.33	$7,612,865.08	$8,148,982.25	6419%
December	$7,197,374	$7,639,671	$8,202,594	6461.9%
All Time	$7,105,228.83	$7,492,238.46	$7,907,729.38	6226%

The bullish explosive trend noted up to 2029 will continue for BTC based on CoinGape predictions and potentially push the average price of BTC in 2050 between $2.9 million and $3.3 million.

Disclaimer:

Investors should take these long-term predictions with a grain of salt and consider that these forecasts are bound to change depending on the macroeconomic and geopolitical landscape at the time.

Bitcoin Price Outperforms Ethereum Price

Throughout the year, Bitcoin price has maintained a strong lead against Ethereum. Although spot ETF was approved for both assets, BTC’s YTD return is 52%, while ETH’s hovers around 7%. This outlook will likely continue, allowing BTC to dominate ETH and other top altcoins.

Spot Bitcoin ETF Played Pivotal Role in Kickstart BTC Bull Run

BlackRock filing for spot ETF on June 14, 2023, amped the 2023 bull run. After the launch of spot Bitcoin ETF, there was a minor correction due to Grayscale outflows. As the outflows stopped, the real demand for BTC began to reflect, propelling Bitcoin price to a new ATH of $73,949 in March 2024.

The cumulative Bitcoin ETF flows currently sit at a whopping $21.34 billion with October 23 noting a $192 million inflow.

Frequently Asked Questions

Why is Bitcoin price up today?

Bitcoin price is up today as it sellers take a break after crash BTC since the start of the week.

Is the short-term outlook bullish for BTC?

No, the short-term outlook remains uncertain, but the long-term scenario remains highly bullish.

When can investors expect BTC price to kickstart a bull run?

After the end of US presidential elections, by the end of November first week.

Akash Girimath

Senior Cryptocurrency Analyst & Market Strategist Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts. A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise. Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.