Bitcoin Price Today Drops 1.20%, BTC Trades at $67,430

Discover why Bitcoin price is dropping today after a 1.20% slide. BTC price trades today at $67,430 with expectations of a fruther drop.
By Akash Girimath
October 25, 2024 | Updated October 25, 2024
Bitcoin Price Tops $90K As Analysts Predict Cycle Peak In 200 Days

Highlights

  • Bitcoin price today is down 1.20% and currently trades at $67,430.
  • BTC continues to drop after attempting a push toward the $69,000 level.
  • Invesotrs can expect this downtrend to conitnue until $64.7k to $62.3k support floor is revisited.

Bitcoin (BTC) price today trades at $66,256.0 as of 11 PM. BTC price hit a daily high of $68,655.0 today after sliding -2.69% on November 9.

Why Is Bitcoin Price is Sinking Today?

Although Bitcoin price saw a good run up on the weekend, the selling pressure throughout the week caused BTC to slide lower. This has been the main reason for Bitcoin crashing today. With the price of BTC down 1.20% and trading at $67,430, investors can expect New York open to restart the selloff.

Bitcoin price today
Bitcoin price today

Bitcoin Price Outlook Remains Bearish

*bitcoin price updated as of 11 PM.

Price of BTC exchanges hands at $67,430, which is far lower than $69,000, a level seen at the start of the week. This short-term bearish outlook in Bitcoin price has brought the year-to-date gain down from 56% on October 20 to 52% as of October 25.

Still, Bitcoin remains one of the largest cryptocurrency by market capitalization and its popularity can be attributed to the first-mover advantage. Furthermore, the BTC blockchain remaining a secure, decentralized and relatively scalable network has kept it at the forefront as the king of cryptocurrencies.

Other narratives like digital gold, inflation hedge, uncorrelated asset, have also helped gain widespread adoption for BTC.

Bitcoin Price Eyes Bullish End to 2024

Last week, it seemed as though Bitcoin price was ready to end its seven-month consolidation. But massive selling pressure above $69,000 led to a reversal. Since then, BTC has dropped roughly $2,000 of its value and currently trades at $67,430.

Its YTD returns are diminishing but the fourth quarter outlook remains bullish. Historical data hints that Bitcoin price has rallied an average of 82% in the fourth quarter. So far, BTC has only shot up 11% in the first month of Q4, which promises that the outlook remains bullish in the long-term for BTC.

With the US presidential elections coming to a conclusion in the first week of November, investors can expect a massive spike in volatility that leads to the start of a bull run. Regardless of who wins, markets have responded on a bullish notep.

Historical Bitcoin Price Performance
Historical Bitcoin Price Performance

With that said, if Bitcoin price hits a new ATH in December, Bitcoin’s market capitalization, which stands at $1,309.5 billion could push toward the $2 trillion mark.

Bitcoin: The Largest Cryptocurrency

While Bitcoin’s market cap hovers around $1,309.5 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization which stands at $2.40 trillion. Despite the seven-month consolidation, Bitcoin’s $1.3 trillion market cap remains strong with anticipation of it reaching $2 trillion in 2025.

BTC’s 24-hour Trading Volume

Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $36.3 billion. With a major portion of this volume being contributed by Binance, one of the largest cryptocurrency exchanges. Binance’s share of BTC’s 24-hour trading volume is made up of spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume stands at 41%. Exchanges like OKX, Bitget, etc, follow Binance.

Bitcoin Blockchain 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 seve-month consolidation could come to an end soon. The end of US presidential elections could kickstart the BTC bull rally by November second week. Investors expect the uptrend to be extremely bullish if Donald Trump wins.

However, data shows, regardless of who wins, conclusion of the US elections are bullish for markets, be it crypto or stocks.  So, Bitcoin price hitting a new ATH before 2024 is not unlikely. As a result, the next few weeks are critical in setting the tone for Bitcoin and the rest of the crypto markets.

Advertisement

Bitcoin Price Outlook For Next 30 Days

Date Price Change
November 08, 2025102177.002.11%
November 09, 2025109852.449.78%
November 10, 2025120504.1020.43%
November 11, 2025128524.7328.44%
November 12, 2025126286.8526.2%
November 13, 2025121318.3221.24%
November 14, 2025122086.1922.01%
November 15, 2025124658.6024.58%
November 16, 2025124753.6724.67%
November 17, 2025123447.6323.37%
November 18, 2025122134.9722.06%
November 19, 2025121958.3021.88%
November 20, 2025116645.3416.57%
November 21, 2025113373.8913.3%
November 22, 2025111952.2611.88%
November 23, 2025108758.728.69%
November 24, 2025108954.578.88%
November 25, 2025109939.129.87%
November 26, 2025111423.2611.35%
November 27, 2025111481.5911.41%
November 28, 2025109684.639.61%
November 29, 2025107848.797.78%
November 30, 2025106781.956.71%
December 01, 2025106086.066.02%
December 02, 2025106623.546.55%
December 03, 2025108292.258.22%
December 04, 2025109470.039.4%
December 05, 2025110623.9710.55%
December 06, 2025110858.6910.79%
December 07, 2025109251.149.18%

While BTC’s short-term outlook  is uncertain investors can anticipate BTC to rally 38% on November 14 and hit $92,226.

Bitcoin Price Forecast From 2025 and 2029

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $107,900.68 $126,140.22 $117,020.45 16.7%
February $107,189.90 $123,755.71 $115,472.81 15.1%
March $106,479.13 $121,371.20 $113,925.17 13.6%
April $105,768.36 $118,986.69 $112,377.52 12%
May $105,057.58 $116,602.18 $110,829.88 10.5%
June $104,346.81 $114,217.67 $109,282.24 8.9%
July $103,636.04 $111,833.15 $107,734.60 7.4%
August $102,925.26 $109,448.64 $106,186.96 5.9%
September $102,214.49 $107,064.13 $104,639.32 4.3%
October $101,503.72 $104,679.62 $103,091.67 2.8%
November $100,792.94 $102,295.11 $101,544.03 1.2%
December $100,082.17 $99,910.60 $99,996.39 -0.3%
All Time $103,991.42 $113,025.41 $108,508.42 8.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $115,332.07 $115,856.05 $120,177.61 19.8%
February $130,581.98 $131,801.50 $140,358.83 39.9%
March $145,831.88 $147,746.95 $160,540.04 60%
April $161,081.78 $163,692.40 $180,721.26 80.2%
May $176,331.68 $179,637.85 $200,902.48 100.3%
June $191,581.59 $195,583.30 $221,083.70 120.4%
July $206,831.49 $211,528.75 $241,264.91 140.5%
August $222,081.39 $227,474.20 $261,446.13 160.6%
September $237,331.29 $243,419.65 $281,627.35 180.7%
October $252,581.20 $259,365.10 $301,808.57 200.9%
November $267,831.10 $275,310.55 $321,989.78 221%
December $283,081 $291,256 $342,171 241.1%
All Time $199,206.54 $203,556.03 $231,174.30 130.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $293,105.67 $301,570.33 $354,786.17 253.7%
February $303,130.33 $311,884.67 $367,401.33 266.2%
March $313,155 $322,199 $380,016.50 278.8%
April $323,179.67 $332,513.33 $392,631.67 291.4%
May $333,204.33 $342,827.67 $405,246.83 304%
June $343,229 $353,142 $417,862 316.5%
July $353,253.67 $363,456.33 $430,477.17 329.1%
August $363,278.33 $373,770.67 $443,092.33 341.7%
September $373,303 $384,085 $455,707.50 354.3%
October $383,327.67 $394,399.33 $468,322.67 366.8%
November $393,352.33 $404,713.67 $480,937.83 379.4%
December $403,377 $415,028 $493,553 392%
All Time $348,241.33 $358,299.17 $424,169.58 322.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $417,320.67 $429,730 $511,190.25 409.6%
February $431,264.33 $444,432 $528,827.50 427.2%
March $445,208 $459,134 $546,464.75 444.7%
April $459,151.67 $473,836 $564,102 462.3%
May $473,095.33 $488,538 $581,739.25 479.9%
June $487,039 $503,240 $599,376.50 497.5%
July $500,982.67 $517,942 $617,013.75 515.1%
August $514,926.33 $532,644 $634,651 532.7%
September $528,870 $547,346 $652,288.25 550.2%
October $542,813.67 $562,048 $669,925.50 567.8%
November $556,757.33 $576,750 $687,562.75 585.4%
December $570,701 $591,452 $705,200 603%
All Time $494,010.83 $510,591 $608,195.13 506.3%
Month Minimum Price Average Price Maximum Price Potential ROI
January $592,288.17 $613,774.33 $729,717.58 627.4%
February $613,875.33 $636,096.67 $754,235.17 651.9%
March $635,462.50 $658,419 $778,752.75 676.3%
April $657,049.67 $680,741.33 $803,270.33 700.7%
May $678,636.83 $703,063.67 $827,787.92 725.2%
June $700,224 $725,386 $852,305.50 749.6%
July $721,811.17 $747,708.33 $876,823.08 774.1%
August $743,398.33 $770,030.67 $901,340.67 798.5%
September $764,985.50 $792,353 $925,858.25 822.9%
October $786,572.67 $814,675.33 $950,375.83 847.4%
November $808,159.83 $836,997.67 $974,893.42 871.8%
December $829,747 $859,320 $999,411 896.3%
All Time $711,017.58 $736,547.17 $864,564.29 761.8%

While 2023 and 2024 have been good years for crypto investors, the next five years are going to be even better based on Coingape’s Bitcoin price prediction. Between 2025 and 2029, BTC will restart the bull run and touch the six-digit territory. To be precise, BTC could valued between $82,213.41 in 2025 and $660,471.83 by 2029.

Bitcoin Price Remains Massively Bullish Between 2030 & 2050

2030
2031
2032
2033
2040
2050
Month Minimum Price Average Price Maximum Price Potential ROI
January $860,788.25 $890,761.25 $1,035,646.25 932.4%
February $891,829.50 $922,202.50 $1,071,881.50 968.5%
March $922,870.75 $953,643.75 $1,108,116.75 1004.6%
April $953,912 $985,085 $1,144,352 1040.7%
May $984,953.25 $1,016,526.25 $1,180,587.25 1076.9%
June $1,015,994.50 $1,047,967.50 $1,216,822.50 1113%
July $1,047,035.75 $1,079,408.75 $1,253,057.75 1149.1%
August $1,078,077 $1,110,850 $1,289,293 1185.2%
September $1,109,118.25 $1,142,291.25 $1,325,528.25 1221.4%
October $1,140,159.50 $1,173,732.50 $1,361,763.50 1257.5%
November $1,171,200.75 $1,205,173.75 $1,397,998.75 1293.6%
December $1,202,242 $1,236,615 $1,434,234 1329.7%
All Time $1,031,515.13 $1,063,688.13 $1,234,940.13 1131.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,255,606.58 $1,292,267.75 $1,489,974.50 1385.3%
February $1,308,971.17 $1,347,920.50 $1,545,715 1440.8%
March $1,362,335.75 $1,403,573.25 $1,601,455.50 1496.4%
April $1,415,700.33 $1,459,226 $1,657,196 1552%
May $1,469,064.92 $1,514,878.75 $1,712,936.50 1607.5%
June $1,522,429.50 $1,570,531.50 $1,768,677 1663.1%
July $1,575,794.08 $1,626,184.25 $1,824,417.50 1718.7%
August $1,629,158.67 $1,681,837 $1,880,158 1774.2%
September $1,682,523.25 $1,737,489.75 $1,935,898.50 1829.8%
October $1,735,887.83 $1,793,142.50 $1,991,639 1885.4%
November $1,789,252.42 $1,848,795.25 $2,047,379.50 1940.9%
December $1,842,617 $1,904,448 $2,103,120 1996.5%
All Time $1,549,111.79 $1,598,357.88 $1,796,547.25 1690.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,915,558.67 $1,978,585.25 $2,194,599.50 2087.7%
February $1,988,500.33 $2,052,722.50 $2,286,079 2178.9%
March $2,061,442 $2,126,859.75 $2,377,558.50 2270.1%
April $2,134,383.67 $2,200,997 $2,469,038 2361.3%
May $2,207,325.33 $2,275,134.25 $2,560,517.50 2452.5%
June $2,280,267 $2,349,271.50 $2,651,997 2543.6%
July $2,353,208.67 $2,423,408.75 $2,743,476.50 2634.8%
August $2,426,150.33 $2,497,546 $2,834,956 2726%
September $2,499,092 $2,571,683.25 $2,926,435.50 2817.2%
October $2,572,033.67 $2,645,820.50 $3,017,915 2908.4%
November $2,644,975.33 $2,719,957.75 $3,109,394.50 2999.6%
December $2,717,917 $2,794,095 $3,200,874 3090.8%
All Time $2,316,737.83 $2,386,340.13 $2,697,736.75 2589.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,817,183.50 $2,896,327 $3,323,170.25 3212.7%
February $2,916,450 $2,998,559 $3,445,466.50 3334.6%
March $3,015,716.50 $3,100,791 $3,567,762.75 3456.5%
April $3,114,983 $3,203,023 $3,690,059 3578.4%
May $3,214,249.50 $3,305,255 $3,812,355.25 3700.3%
June $3,313,516 $3,407,487 $3,934,651.50 3822.3%
July $3,412,782.50 $3,509,719 $4,056,947.75 3944.2%
August $3,512,049 $3,611,951 $4,179,244 4066.1%
September $3,611,315.50 $3,714,183 $4,301,540.25 4188%
October $3,710,582 $3,816,415 $4,423,836.50 4309.9%
November $3,809,848.50 $3,918,647 $4,546,132.75 4431.8%
December $3,909,115 $4,020,879 $4,668,429 4553.7%
All Time $3,363,149.25 $3,458,603 $3,995,799.63 3883.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $5,501,903.50 $6,011,214.58 $6,285,974.17 6166.2%
February $5,495,202 $5,991,110.17 $6,259,168.33 6139.5%
March $5,488,500.50 $5,971,005.75 $6,232,362.50 6112.7%
April $5,481,799 $5,950,901.33 $6,205,556.67 6086%
May $5,475,097.50 $5,930,796.92 $6,178,750.83 6059.3%
June $5,468,396 $5,910,692.50 $6,151,945 6032.6%
July $5,461,694.50 $5,890,588.08 $6,125,139.17 6005.8%
August $5,454,993 $5,870,483.67 $6,098,333.33 5979.1%
September $5,448,291.50 $5,850,379.25 $6,071,527.50 5952.4%
October $5,441,590 $5,830,274.83 $6,044,721.67 5925.7%
November $5,434,888.50 $5,810,170.42 $6,017,915.83 5899%
December $5,428,187 $5,790,066 $5,991,110 5872.2%
All Time $5,465,045.25 $5,900,640.29 $6,138,542.08 6019.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $7,013,083.67 $7,344,805.92 $7,612,864.75 7488.9%
February $7,029,837.33 $7,371,611.83 $7,666,476.50 7542.3%
March $7,046,591 $7,398,417.75 $7,720,088.25 7595.8%
April $7,063,344.67 $7,425,223.67 $7,773,700 7649.2%
May $7,080,098.33 $7,452,029.58 $7,827,311.75 7702.7%
June $7,096,852 $7,478,835.50 $7,880,923.50 7756.1%
July $7,113,605.67 $7,505,641.42 $7,934,535.25 7809.5%
August $7,130,359.33 $7,532,447.33 $7,988,147 7863%
September $7,147,113 $7,559,253.25 $8,041,758.75 7916.4%
October $7,163,866.67 $7,586,059.17 $8,095,370.50 7969.9%
November $7,180,620.33 $7,612,865.08 $8,148,982.25 8023.3%
December $7,197,374 $7,639,671 $8,202,594 8076.8%
All Time $7,105,228.83 $7,492,238.46 $7,907,729.38 7782.8%

The forecasts hint at a common bullish trend for Bitcoin in the long term, similar to what was obsered betwene 2025 and 2029. Between the next two decades, BTC will note a bullish explosive trend that pushes it up to have an average price between $2.9 million and $3.3 million per coin.

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 ETH, Contends With SOL

In 2024, Bitcoin price has returned nearly 52% which is just below Solana’s 56%. ETH, on the other hand, hovers around 6%. With the start of a bull run in November, this outlook will likely continue, with SOL maintaining a strong lead against  BTC & ETH. Other top altcoins are likely going to parabolic as some already have.

BTC vs. SOL vs. ETH Price PerformanceBTC vs. SOL vs. ETH Price Performance
BTC vs. SOL vs. ETH Price Performance

How Spot Bitcoin ETF Helped BTC Kickstart Bull Run

The main reason for Bitcoin price surging 52% in the past year is due to the approval of a spot BTC ETF. The rally, to be precise, began after trillion-dollar asset manager BlackRock filed a spot ETF application on June 14, 2023.

The bull run that begain since then has failed to disappoint investors. With the expection of a short-term pressure form Grayscale outflows, the net flow for BTC stands in the billions. This suggests that institutional investors have been accumulating BTC via the ETF instrument.

As of October 25, the cumulative net flow stands around $21.53 billion with $188 million inflow seen on Thursday.

Bitcoin spot ETF flows
Bitcoin spot ETF flows

Frequently Asked Questions (FAQs)

1. Why is Bitcoin price down today?

The sudden recovery rally faced massive selling rpessure as Bitcoin price attempted to revisit the $69K hurdle.l

2. Will BTC continue to sink lower?

Yes. With the week coming to an end, investors can expect BC to drop lower and tag the $64.7k to $62.3k support floor.

3. What can investors expect from BTC in the long term?

The BTC outlook is heavily bullish post-elections with the 2023 bull run still in tact, but paused.
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.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Methodology

CoinGape prepared a review methodology to rate crypto exchanges, tools, and apps. We curated a list of metrics to evaluate crypto platforms based on their services, user experience, security and customer support, payment gateways and charges, pricing and promotions. Visit our Review Methodology page to learn more about how we review each crypto platform.

This content is purely for educational purposes and should not be considered as financial advice. Do your own research before investing in any crypto platform and only invest the amount you can afford to lose.