what is the price of btc at 3 november 2024 5

Bitcoin Price on November 3, 2024

Current Price Overview

As of the latest data, the price of Bitcoin (BTC) is $69,365.99 (StatMuse). This figure represents a significant increase from the average closing price of Bitcoin in 2024, which is $60,686.29 (StatMuse).

Historical Context

• Yearly Growth: Bitcoin has seen a 64.3% increase in its price for the year 2024 (StatMuse).
• Long-term Growth: From 2020 to 2024, Bitcoin's price has surged by 865.7%, with an average closing price of $34,396.69 over this period (StatMuse).

Recent Price Movements

• Current Level: Bitcoin is currently priced at $69,507.92, which is a slight decrease from the previous day's price of $70,265.00. This marks a 1.08% drop from yesterday (YCharts).
• Yearly Comparison: Compared to the same time last year, Bitcoin's price has nearly doubled, showing a 99.03% increase from $34,924.06 (YCharts).

Market Analysis

Bitcoin's price has shown remarkable growth over the past few years, driven by increased adoption, institutional interest, and macroeconomic factors. The current price trends suggest a strong bullish sentiment in the market, although short-term fluctuations are common.

Conclusion

Based on the latest available data, the price of Bitcoin on November 3, 2024, is expected to be around $69,365.99. This reflects the ongoing positive momentum in the cryptocurrency market, with Bitcoin maintaining its position as a leading digital asset.