Here's the latest information on Bitcoin ($BTC BTC) on #Binance :

Current Market Status

- *Current Price*: $109,486.61 with a 0.55% increase in the last 24 hours

- *Market Capitalization*: $2.18 trillion

- *24-hour Trading Volume*: $58.63 billion

- *Circulating Supply*: 19.91 million BTC

- *All-Time High*: $124,457.12 on August 14, 2025

Key Features

- *Decentralized Network*: Bitcoin operates on a peer-to-peer network, allowing for secure and transparent transactions without intermediaries.

- *Limited Supply*: The total supply of Bitcoin is capped at 21 million, making it a scarce asset.

- *Energy Consumption*: Bitcoin's energy consumption has been a topic of debate, with some arguing it's excessive and others noting that the energy usage is often renewable.¹

Recent Developments

- *Metaplanet's Bitcoin Purchase*: Metaplanet added $109 million in Bitcoin to its holdings, demonstrating continued interest in the cryptocurrency.

- *El Salvador's Bitcoin Holdings*: El Salvador split 6,283 BTC across 14 wallets to reduce quantum risk and is advancing new banking laws to expand regulated crypto services.

- *Bitcoin ETFs*: Bitcoin ETFs saw a $751 million net outflow in August, a first-ever event, while Ethereum ETFs absorbed $3.9 billion in net inflows.²

Technical Analysis

- *Support Level*: $107,800 is a crucial support level for Bitcoin, and failure to hold it could lead to deeper losses.

- *Resistance Level*: $112,000 is a key resistance level, and breaking above it could signal a bullish trend.