$BTC Recent technological developments affecting Bitcoin's value include the implementation of the Taproot upgrade, which enhanced privacy and smart contract functionality, potentially increasing Bitcoin's use cases. Additionally, the rollout of the Lightning Network aims to improve transaction speed and reduce costs, making Bitcoin more scalable for everyday use. Increased interest in decentralized finance (DeFi) and non-fungible tokens (NFTs) built on the Bitcoin network also contribute to its value by expanding its ecosystem. Furthermore, advancements in wallets and security protocols, such as hardware wallets and custodial services, enhance user trust and accessibility, driving adoption and positively impacting price.