Overview
- BTC trades near $110,000 after setting an all‑time high around $126,000 in October, capping what several outlets describe as the first down month for the year’s rally.
- U.S. spot bitcoin ETFs have amassed more than $150 billion in assets with over $62 billion in net inflows, signaling sustained institutional demand.
- A roughly $13.4 billion bitcoin options expiry on Oct. 31 contributed to short‑term volatility around the anniversary and set up the early‑November trading tone.
- The 2008 whitepaper laid out a peer‑to‑peer system using Proof‑of‑Work and a fixed 21 million supply, followed by the 2009 genesis block referencing bank bailouts.
- Developers are split over non‑monetary data like Ordinals and policy choices such as block limits as analysts flag low fee levels, miner incentive pressure, and quantum‑era risks.