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Bitcoin (BTC) price today trades at $91,822.0 as of 9 AM. BTC price hit a daily high of $92,142.0 today after climbing 0.82% on November 18.
Why Bitcoin Price Today is Up 2.29%?
Bitcoin price today is up 2.29% today and currently auctions around $91,822.0 on November 18, 2024. This bullish outlook is due to the recent breakout from the $75k hurdle and the seven-month consolidation, allowing buyers to push BTC higher. The overall trend remains bullish, with a few altcoins shooting higher.
Bitcoin Price Today
Short-term Bitcoin Price Performance is Bearish
*bitcoin price updated as of 9 AM.
Price of BTC trades at $91,822.0, bringing the year-to-date gain from 56% on October 20 to 108% as of November 18. Although many altcoins have shot up in excess of triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster and stands at 39% 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.
Will Bitcoin’s Bullish Historical Bitcoin Price Action Continue?
Many industry veterans’ speculation of bull run post-US elections has come true and November is likley going to remain bullish with BTC already hitting a new ATH of $93,265 as of November 13. Bitcoin’s market capitalization, which stands at $1,819.5 billion will likely 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 $1,819.5 billion, significantly higher than Ethereum’s $314 billion.
Despite the seven-month consolidation, Bitcoin’s $1.82 trillion market cap continues to dominate popular cryptos like Solana (SOL) and Ripple (XRP), whose market capitalization hovers around $115 billion and $65 billion.
BTC’s 24-hour Trading Volume
With the long-term BTC outlook flipping bullish, BTC’s trading volume sits at $55.9 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.
Key Bitcoin Blockchain Upgrades
With a market cap of $1.82 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 end of the seven-month consolidation can be attributed the favorable conclusion to the US presidential election, leading to Donald Trump’s victory. Following this key event, crypto market is likely to have kickstarted a bull run.
Bitcoin Price Forecast For Next Month
| November 17, 2024 | $92,458 | 1.86% |
| November 18, 2024 | $97,200 | 7.08% |
| November 19, 2024 | $98,863 | 8.91% |
| November 20, 2024 | $99,669 | 9.8% |
| November 21, 2024 | $100,588 | 10.81% |
Based on Coingape’s Bitcoin price prediction, investors can expect a double-digit rally that leads to a peak of $104,725 as of November 26, leading to a correction. In a month from now the largest crypto by market cap, could be exchanging hands at around $87k.
Bitcoin Price Forecast Between 2025 and 2029
| January | $100,257.63 | $99,673.68 | $99,965.66 | 60.8% |
| February | $100,272.11 | $99,678.36 | $99,975.23 | 60.8% |
| March | $100,286.58 | $99,683.04 | $99,984.81 | 60.8% |
| April | $100,301.05 | $99,687.71 | $99,994.38 | 60.8% |
| May | $100,315.53 | $99,692.39 | $100,003.96 | 60.9% |
| June | $100,330 | $99,697.07 | $100,013.54 | 60.9% |
| July | $100,344.47 | $99,701.75 | $100,023.11 | 60.9% |
| August | $100,358.95 | $99,706.43 | $100,032.69 | 60.9% |
| September | $100,373.42 | $99,711.11 | $100,042.26 | 60.9% |
| October | $100,387.89 | $99,715.78 | $100,051.84 | 60.9% |
| November | $100,402.37 | $99,720.46 | $100,061.41 | 60.9% |
| December | $100,416.84 | $99,725.14 | $100,070.99 | 61% |
| All Time | $100,337.24 | $99,699.41 | $100,018.32 | 60.9% |
| January | $103,211.85 | $102,979.71 | $105,353.74 | 69.5% |
| February | $106,006.87 | $106,234.28 | $110,636.49 | 78% |
| March | $108,801.88 | $109,488.86 | $115,919.24 | 86.4% |
| April | $111,596.89 | $112,743.43 | $121,201.99 | 94.9% |
| May | $114,391.91 | $115,998 | $126,484.74 | 103.4% |
| June | $117,186.92 | $119,252.57 | $131,767.50 | 111.9% |
| July | $119,981.93 | $122,507.14 | $137,050.25 | 120.4% |
| August | $122,776.95 | $125,761.71 | $142,333 | 128.9% |
| September | $125,571.96 | $129,016.29 | $147,615.75 | 137.4% |
| October | $128,366.97 | $132,270.86 | $152,898.50 | 145.9% |
| November | $131,161.99 | $135,525.43 | $158,181.25 | 154.4% |
| December | $133,957 | $138,780 | $163,464 | 162.9% |
| All Time | $118,584.43 | $120,879.86 | $134,408.87 | 116.2% |
| January | $139,801.17 | $144,684.75 | $169,276.92 | 172.3% |
| February | $145,645.33 | $150,589.50 | $175,089.83 | 181.6% |
| March | $151,489.50 | $156,494.25 | $180,902.75 | 191% |
| April | $157,333.67 | $162,399 | $186,715.67 | 200.3% |
| May | $163,177.83 | $168,303.75 | $192,528.58 | 209.7% |
| June | $169,022 | $174,208.50 | $198,341.50 | 219% |
| July | $174,866.17 | $180,113.25 | $204,154.42 | 228.4% |
| August | $180,710.33 | $186,018 | $209,967.33 | 237.7% |
| September | $186,554.50 | $191,922.75 | $215,780.25 | 247.1% |
| October | $192,398.67 | $197,827.50 | $221,593.17 | 256.4% |
| November | $198,242.83 | $203,732.25 | $227,406.08 | 265.8% |
| December | $204,087 | $209,637 | $233,219 | 275.1% |
| All Time | $171,944.08 | $177,160.88 | $201,247.96 | 223.7% |
| January | $212,511.67 | $218,298 | $243,655 | 291.9% |
| February | $220,936.33 | $226,959 | $254,091 | 308.7% |
| March | $229,361 | $235,620 | $264,527 | 325.5% |
| April | $237,785.67 | $244,281 | $274,963 | 342.3% |
| May | $246,210.33 | $252,942 | $285,399 | 359% |
| June | $254,635 | $261,603 | $295,835 | 375.8% |
| July | $263,059.67 | $270,264 | $306,271 | 392.6% |
| August | $271,484.33 | $278,925 | $316,707 | 409.4% |
| September | $279,909 | $287,586 | $327,143 | 426.2% |
| October | $288,333.67 | $296,247 | $337,579 | 443% |
| November | $296,758.33 | $304,908 | $348,015 | 459.8% |
| December | $305,183 | $313,569 | $358,451 | 476.5% |
| All Time | $258,847.33 | $265,933.50 | $301,053 | 384.2% |
| January | $317,150.58 | $326,144.33 | $372,391.92 | 499% |
| February | $329,118.17 | $338,719.67 | $386,332.83 | 521.4% |
| March | $341,085.75 | $351,295 | $400,273.75 | 543.8% |
| April | $353,053.33 | $363,870.33 | $414,214.67 | 566.2% |
| May | $365,020.92 | $376,445.67 | $428,155.58 | 588.7% |
| June | $376,988.50 | $389,021 | $442,096.50 | 611.1% |
| July | $388,956.08 | $401,596.33 | $456,037.42 | 633.5% |
| August | $400,923.67 | $414,171.67 | $469,978.33 | 655.9% |
| September | $412,891.25 | $426,747 | $483,919.25 | 678.4% |
| October | $424,858.83 | $439,322.33 | $497,860.17 | 700.8% |
| November | $436,826.42 | $451,897.67 | $511,801.08 | 723.2% |
| December | $448,794 | $464,473 | $525,742 | 745.6% |
| All Time | $382,972.29 | $395,308.67 | $449,066.96 | 622.3% |
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
2031
2032
2033
2040
2050
| January | $465,154.42 | $481,462.17 | $546,469.67 | 779% |
| February | $481,514.83 | $498,451.33 | $567,197.33 | 812.3% |
| March | $497,875.25 | $515,440.50 | $587,925 | 845.6% |
| April | $514,235.67 | $532,429.67 | $608,652.67 | 879% |
| May | $530,596.08 | $549,418.83 | $629,380.33 | 912.3% |
| June | $546,956.50 | $566,408 | $650,108 | 945.7% |
| July | $563,316.92 | $583,397.17 | $670,835.67 | 979% |
| August | $579,677.33 | $600,386.33 | $691,563.33 | 1012.3% |
| September | $596,037.75 | $617,375.50 | $712,291 | 1045.7% |
| October | $612,398.17 | $634,364.67 | $733,018.67 | 1079% |
| November | $628,758.58 | $651,353.83 | $753,746.33 | 1112.4% |
| December | $645,119 | $668,343 | $774,474 | 1145.7% |
| All Time | $555,136.71 | $574,902.58 | $660,471.83 | 962.3% |
| January | $667,167.08 | $691,240.58 | $802,526.58 | 1190.8% |
| February | $689,215.17 | $714,138.17 | $830,579.17 | 1235.9% |
| March | $711,263.25 | $737,035.75 | $858,631.75 | 1281.1% |
| April | $733,311.33 | $759,933.33 | $886,684.33 | 1326.2% |
| May | $755,359.42 | $782,830.92 | $914,736.92 | 1371.3% |
| June | $777,407.50 | $805,728.50 | $942,789.50 | 1416.4% |
| July | $799,455.58 | $828,626.08 | $970,842.08 | 1461.5% |
| August | $821,503.67 | $851,523.67 | $998,894.67 | 1506.7% |
| September | $843,551.75 | $874,421.25 | $1,026,947.25 | 1551.8% |
| October | $865,599.83 | $897,318.83 | $1,054,999.83 | 1596.9% |
| November | $887,647.92 | $920,216.42 | $1,083,052.42 | 1642% |
| December | $909,696 | $943,114 | $1,111,105 | 1687.1% |
| All Time | $788,431.54 | $817,177.29 | $956,815.79 | 1439% |
| January | $946,061.92 | $979,838.83 | $1,150,786.08 | 1751% |
| February | $982,427.83 | $1,016,563.67 | $1,190,467.17 | 1814.8% |
| March | $1,018,793.75 | $1,053,288.50 | $1,230,148.25 | 1878.6% |
| April | $1,055,159.67 | $1,090,013.33 | $1,269,829.33 | 1942.4% |
| May | $1,091,525.58 | $1,126,738.17 | $1,309,510.42 | 2006.3% |
| June | $1,127,891.50 | $1,163,463 | $1,349,191.50 | 2070.1% |
| July | $1,164,257.42 | $1,200,187.83 | $1,388,872.58 | 2133.9% |
| August | $1,200,623.33 | $1,236,912.67 | $1,428,553.67 | 2197.7% |
| September | $1,236,989.25 | $1,273,637.50 | $1,468,234.75 | 2261.6% |
| October | $1,273,355.17 | $1,310,362.33 | $1,507,915.83 | 2325.4% |
| November | $1,309,721.08 | $1,347,087.17 | $1,547,596.92 | 2389.2% |
| December | $1,346,087 | $1,383,812 | $1,587,278 | 2453% |
| All Time | $1,146,074.46 | $1,181,825.42 | $1,369,032.04 | 2102% |
| January | $1,387,378.67 | $1,426,572.58 | $1,647,465.92 | 2549.9% |
| February | $1,428,670.33 | $1,469,333.17 | $1,707,653.83 | 2646.7% |
| March | $1,469,962 | $1,512,093.75 | $1,767,841.75 | 2743.5% |
| April | $1,511,253.67 | $1,554,854.33 | $1,828,029.67 | 2840.3% |
| May | $1,552,545.33 | $1,597,614.92 | $1,888,217.58 | 2937.1% |
| June | $1,593,837 | $1,640,375.50 | $1,948,405.50 | 3033.9% |
| July | $1,635,128.67 | $1,683,136.08 | $2,008,593.42 | 3130.7% |
| August | $1,676,420.33 | $1,725,896.67 | $2,068,781.33 | 3227.5% |
| September | $1,717,712 | $1,768,657.25 | $2,128,969.25 | 3324.3% |
| October | $1,759,003.67 | $1,811,417.83 | $2,189,157.17 | 3421.1% |
| November | $1,800,295.33 | $1,854,178.42 | $2,249,345.08 | 3517.9% |
| December | $1,841,587 | $1,896,939 | $2,309,533 | 3614.7% |
| All Time | $1,614,482.83 | $1,661,755.79 | $1,978,499.46 | 3082.3% |
| January | $1,912,592.58 | $1,975,978.17 | $2,362,093.25 | 3699.3% |
| February | $1,983,598.17 | $2,055,017.33 | $2,414,653.50 | 3783.8% |
| March | $2,054,603.75 | $2,134,056.50 | $2,467,213.75 | 3868.4% |
| April | $2,125,609.33 | $2,213,095.67 | $2,519,774 | 3952.9% |
| May | $2,196,614.92 | $2,292,134.83 | $2,572,334.25 | 4037.4% |
| June | $2,267,620.50 | $2,371,174 | $2,624,894.50 | 4122% |
| July | $2,338,626.08 | $2,450,213.17 | $2,677,454.75 | 4206.5% |
| August | $2,409,631.67 | $2,529,252.33 | $2,730,015 | 4291.1% |
| September | $2,480,637.25 | $2,608,291.50 | $2,782,575.25 | 4375.6% |
| October | $2,551,642.83 | $2,687,330.67 | $2,835,135.50 | 4460.1% |
| November | $2,622,648.42 | $2,766,369.83 | $2,887,695.75 | 4544.7% |
| December | $2,693,654 | $2,845,409 | $2,940,256 | 4629.2% |
| All Time | $2,303,123.29 | $2,410,693.58 | $2,651,174.63 | 4164.3% |
| January | $2,753,723.75 | $2,916,544.25 | $3,019,295.17 | 4756.4% |
| February | $2,813,793.50 | $2,987,679.50 | $3,098,334.33 | 4883.5% |
| March | $2,873,863.25 | $3,058,814.75 | $3,177,373.50 | 5010.6% |
| April | $2,933,933 | $3,129,950 | $3,256,412.67 | 5137.7% |
| May | $2,994,002.75 | $3,201,085.25 | $3,335,451.83 | 5264.9% |
| June | $3,054,072.50 | $3,272,220.50 | $3,414,491 | 5392% |
| July | $3,114,142.25 | $3,343,355.75 | $3,493,530.17 | 5519.1% |
| August | $3,174,212 | $3,414,491 | $3,572,569.33 | 5646.3% |
| September | $3,234,281.75 | $3,485,626.25 | $3,651,608.50 | 5773.4% |
| October | $3,294,351.50 | $3,556,761.50 | $3,730,647.67 | 5900.5% |
| November | $3,354,421.25 | $3,627,896.75 | $3,809,686.83 | 6027.7% |
| December | $3,414,491 | $3,699,032 | $3,888,726 | 6154.8% |
| All Time | $3,084,107.38 | $3,307,788.13 | $3,454,010.58 | 5455.6% |
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 Flies Above Ethereum
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’s Pivotal Role For Starting 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 an ATH of $73,949 in March 2024.
The cumulative Bitcoin ETF flows currently sit at a whopping $27.46 billion with November 15 noting a $370 million outflow.
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