As of today, October 16, 2024, Bitcoin (BTC) is trading at approximately $68,030. The price has seen a 3.7% increase in the last 24 hours, continuing a broader upward trend from the past week. This bullish momentum has been fueled by positive market sentiment and a general increase in interest, pushing BTC closer to the $70,000 mark.
This recent rise in price follows several weeks of inflows into Bitcoin investment products and increased institutional activity, indicating continued confidence in BTC's long-term value. Keep an eye on these trends as the market evolves.