BTC (Bitcoin) fell 0.36% in 24 hours

Gate News Bot news, on September 24, according to CoinMarketCap, as of the time of writing, BTC (Bitcoin) is currently reported at $112,300, falling 0.36% in the last 24 hours, with a high of $117,900 and a low of $111,500, and the 24-hour volume reached $47.176 billion. The current market capitalization is approximately $2.24 trillion, a decrease of about $8.194 billion compared to yesterday.

Important recent news about BTC:

1️⃣ Institutional funds continue to flow in, driving the expansion of Bitcoin ETF scale BlackRock's Bitcoin ETF annual income reached $218 million, capturing 57.5% of the U.S. spot Bitcoin ETF market, with total assets under management approaching $85 billion. Institutional investors' interest in Bitcoin continues to grow, driving the expansion of the ETF scale and injecting new liquidity into the market.

2️⃣ Large listed companies increase their holdings of Bitcoin, the trend of institutional adoption is明显 The Brazilian listed company OranjeBTC purchased 3.85 billion USD worth of 3,650 BTC, and the US-listed company Strive announced the purchase of 5,816 BTC. In addition, Strategy(, formerly MicroStrategy), also increased its holdings by 850 BTC. The continuous accumulation of BTC by large institutions demonstrates confidence in its long-term value.

3️⃣ The Bitcoin options market expects increased volatility About $23 billion worth of Bitcoin and Ethereum options contracts on the Deribit platform will expire this Friday, marking one of the largest scales in history. Traders are betting that Bitcoin's price could fluctuate significantly, either falling below $95,000 or rising above $140,000, reflecting market expectations of possible severe volatility in the short term.

Currently, the price of BTC remains above $112,000. Although there is uncertainty in the short-term trend, the continued participation of institutional investors provides strong support for the market. Investors should closely monitor the upcoming economic data and regulatory developments, and manage risks appropriately.

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