Introduction
The highest price of Bitcoin in USD and its all-time low was recorded on 7 October 2025. The lowest price ever was recorded on 6 July 2013.
The price of Bitcoin goes beyond numbers, shifting how money is defined, value is stored, and economic uncertainty is navigated.
What is Bitcoin’s price, and why is it quoted in USD?
The price of Bitcoin is the exchange rate between Bitcoin and the USD, reflecting what buyers are willing to pay on global exchanges.
In mid-October 2025, Bitcoin’s price in USD was around $113,000, Bitcoin Price: BTC Live Price Today | BTC Market Cap & Chart Analysis | Bybit, but its value extends beyond price to trust, utility, and long-term potential.
The USD is the world’s most-used reserve currency, and central banks and global institutions rely on it for trade, debt settlement, and foreign exchange reserves. It also serves as a stable benchmark for comparing an asset’s performance, which is why Bitcoin’s price is often quoted in USD.
Bitcoin’s price in USD helps investors to understand Bitcoin’s performance compared to traditional fiat systems (government-issued currency backed by trust in the issuing authority rather than in a physical commodity).
Key factors influencing the price
Among factors influencing Bitcoin’s price in USD, in the short and long term, are scarcity, (global) market sentiment, macroeconomic trends, and halving events.
Bitcoin is scarce (only 21 million Bitcoins will ever exist) and its value increases over time, making it an attractive store of value during economic uncertainty and when fiat currencies devalue.
Market sentiment, regulatory developments, and technical indicators can amplify short-term price fluctuations, says Bybit Learn. Bitcoin News says news impacts price fluctuations in the short term: “One Truth Social post can send prices tumbling, liquidations flying, and rebounds snapping back before traders can even blink”.
Influencing investor sentiment and risk appetite, macroeconomic trends like inflation and interest rates impact Bitcoin’s price in the short term.
Geopolitical events (wars, trade disputes, etc.) send investors to alternative stores of value to impact Bitcoin’s price in USD in the short term.
Every 210,000 blocks, the reward that miners receive for validating transactions halves, reducing the rate at which new Bitcoin enters circulation (halving events). If demand stays the same or increases, scarcity can cause the price to rise. However, traders who expect a price rise and buy Bitcoin in advance can contribute to its price increasing over the long term.
Conclusion
Understanding the drivers of Bitcoin’s price in USD, helps traders and investors predict Bitcoin’s price fluctuations and future direction in a world where scarcity, trust, and innovation redefine the future of money.
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