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Bitcoin Price Today: Near $77,000, Down 28% From a Year Ago

Bitcoin traded near $77,381 on October 30, about 28% below a year earlier. Market size, how it compares with Ethereum, and what moves crypto prices.

FinStackX Editorial Team ·

Casascius coin, a physicial bitcoin
Photo: Steve Jurvetson, CC BY 2.0, via Wikimedia Commons

Bitcoin was trading at about $77,381 at 8:15 a.m. Eastern Time on Friday, October 30, Fortune reported. That was $2,655.67 lower than the previous morning and roughly 28% below its price a year earlier.

The numbers

  • Price: about $77,381 (8:15 a.m. ET, October 30).
  • One-day change: down about $2,656 from the previous morning.
  • Year over year: about 28% lower.
  • Market capitalization: about $1.33 trillion. Market cap is the price of one coin multiplied by the number of coins in circulation.
  • Ethereum: second largest, with a market cap of about $233 billion.

Bitcoin trades around the clock, so there is no single daily closing price. Figures differ depending on the time and exchange.

What moved prices

Crypto fell alongside other risk assets on Friday. A Yahoo Finance headline noted bitcoin sliding as US stocks sold off after Intel and Amazon results, though the sources do not show whether one caused the other. Bitcoin often moves with tech stocks when investors become cautious, but not always.

The Binance hack

The biggest crypto story of the week is the roughly $6.3 billion hack of Binance on October 29, the largest crypto theft on record. See our full report: Binance hack: $6.3 billion stolen, withdrawals partly resume.

Why interest rates matter for crypto

Bitcoin pays no interest. When central banks signal higher rates, assets that pay nothing become less attractive compared with savings accounts and bonds. The Fed held rates at 3.75% to 4.00% last week, but investors now see a December rate hike as likely, which is a headwind for crypto and gold alike. See our Fed explainer.

What to watch next

  • The jobs report on November 6, which could shift rate expectations.
  • US midterm elections on November 3, because policy changes could affect crypto regulation.
  • Moves in the Nasdaq, which crypto has often followed in recent sell-offs.

Crypto is highly volatile, and prices can swing by thousands of dollars within a day. Never invest money you cannot afford to lose.

Sources

This article is for informational purposes only and is not financial advice. Crypto is volatile; check live prices before making decisions.

Topicsbitcoincryptointerest rates

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