Bitcoin price: Red dominates
Early this morning (October 19), Bitcoin - the world's largest cryptocurrency by market value witnessed a slight decrease of 0.08%, down to 106,575.66 USD.
This new price contributes to bringing market capitalization to 2,124 billion USD, up 11 billion USD. However, trading volume in the first 24 hours suddenly decreased massively, currently at 46.21 billion USD, down 69.57 billion USD.
Assessment and forecast
Bitcoin mining companies, known as organizations involved in the authentication and recording process of transactions on Blockchain, are likened to mining traditional commodities such as gold, often strongly affected by fluctuations in the exchange rate of the ticket.
Two years ago, the group benefited from the initial boom in AI, but the following year, stocks fell again due to falling mining profits and increasingly fierce competition.
Despite a decline in the cryptocurrency market last week, Bitcoin will still increase by about 14% in 2025 and is in the historical peak range of over 126,000 USD at the beginning of the month.
Investors have been flocking to token since the Trump administration's second bid for a cryptocurrency-friendly policy, but the biggest beneficiaries are not Bitcoin holders but individuals or organizations involved in the authentication and recording of transactions on Blockchain, with the fund tracking the mining group increasing by more than 150% for the year.
