As of today, October 29, 2024, Bitcoin is trading around $71,248.45, showing strong growth from last week's close of $69,907.75. This increase follows a broader positive trend, likely influenced by favorable macroeconomic conditions and ongoing institutional interest. Some analysts project a continued upward trajectory, potentially driven by future regulatory changes and increased investor confidence in crypto as a hedge against inflation.
While Bitcoin remains highly volatile, the market is currently optimistic, with predictions suggesting the price could stay above $70,000 in the near term if favorable conditions persist.