
Bitcoin (BTC) is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. Its core purpose: enabling peer-to-peer digital payments without banks or governments serving as intermediaries. Every transaction is recorded on a public blockchain — a shared, tamper-resistant ledger — and secured through Proof of Work mining using the SHA-256 algorithm. New blocks are added roughly every 10 minutes. What truly distinguishes Bitcoin is its hard-capped supply of 21 million coins, paired with a built-in halving cycle that cuts miner rewards approximately every four years. This programmed scarcity is the primary reason BTC is so often compared to digital gold. Bitcoin also cracked the double-spending problem without any central authority, producing a form of digital money that is permissionless, censorship-resistant, and free from the control of any single company, government, or individual. The network operates across thousands of computers worldwide, reinforcing its resilience and global accessibility. Bitcoin's sheer scale and first-mover status have made it the benchmark for the entire crypto market. That said, its Proof of Work architecture involves trade-offs: transaction throughput remains limited compared with some newer networks, and price swings can still be dramatic despite the asset's maturity.
These guides mention this coin directly and help you understand it in context.
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Bitcoin is a digital currency that lets people send value directly to each other — no bank required. Its supply is permanently capped at 21 million coins, yet the price can still swing sharply.
Clear bullish / neutral / bearish signal based on market data, on-chain security and macro signals.
Analysis from October 27, 2026
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Rating
Confidence
Bitcoin is changing hands at $79,675, edging up a modest 0.3% over the past 24 hours but still nursing losses of 2.1% over the week and 5.17% over the month. The Fear & Greed Index has slipped to 48 (Neutral), a steep 15-point drop from 63 just a week ago — a sign that the earlier wave of greed has cooled and that the near-term setup looks less encouraging. On-chain data from Bitcoin Research Kit (own full node) tells a steadier story: the current price sits at 1.47 times the $54,060 realized price, NUPL reads a positive 0.32, and MVRV stands at 1.48. Active development work and Bitcoin's hard-capped 21 million supply continue to offer structural footing, even as rising interest rates, climbing inflation, and a largely neutral news cycle keep risk elevated. For anyone following this coin analysis, the picture is one of underlying resilience without a decisive trend — constructive network fundamentals are pulling one way, softening sentiment the other, which is why confidence lands at a moderate level rather than a strong conviction.
Headlines remain neutral across the board — all ten sampled stories were classified as neutral despite a pool of 289 articles. Moody's warning that a crypto crash ranks among the more likely economic risks adds a note of caution, while Coinbase Institutional's talk of a 'second wave' of institutional capital and Strive's treasury expansion suggest corporate interest hasn't faded. Galaxy Research argues the bear market already ended back in June, a view that coexists with reporting on resistance near $80,000 and consolidation ahead of upcoming macroeconomic events. Put together, this coin market analysis finds no single headline strong enough to push price firmly in either direction.
At $79,675, Bitcoin is up a slight 0.3% on the day, but the broader trend remains soft — down 2.1% over seven days and 5.17% over the past month. That multi-week slide lines up neatly with the Fear & Greed Index falling from Greed (63) to Neutral (48), compounded by rising inflation and higher interest rates. The current price sits roughly 36.8% below the all-time high of about $126,100 set on October 6, 2025, and today's small uptick hasn't been enough to reverse the larger downward drift. Trading volume stands at $27.54 billion, pointing to healthy market activity — though volume alone doesn't tell us how many unique participants are actually driving it.
The Federal Funds Rate has risen to 3.75% from 3.63%, and annual inflation has climbed to 4.02% from 3.71% — together creating a less friendly backdrop for risk-sensitive markets. The Fear & Greed Index now reads 48 (Neutral), down sharply from 63 just a week prior; that kind of retreat from Greed makes it hard to call current sentiment constructive. The Dollar Index eased slightly to 121.3, while top tracked stablecoins held at $263.8 billion, down 1.0% over the week and 2.2% over the month — a descriptive data point rather than a directional signal for Bitcoin itself. No concrete regulatory news appears in the current headline set, so regulation doesn't look like a direct market driver in this snapshot.
On-chain cost-basis metrics and developer activity are holding up well, but weaker sentiment, rising rates, and higher inflation push back against that strength. The overall picture is close to balanced rather than clearly bullish or bearish, which is why confidence sits at a moderate level in this coin analysis.
Bitcoin has fallen 2.1% over seven days and 5.17% over 30 days as sentiment shifted from Greed to Neutral. Rising interest rates, higher inflation, and the lack of a strong bullish news catalyst all line up with that softer trend.
On the strength side: active development, a capped supply, and on-chain data showing price still above the network's average cost basis. On the risk side: cooling sentiment, a tougher macroeconomic environment, soft medium-term momentum, and a news cycle that isn't offering any strong direction either way — all key factors to weigh in any coin market analysis right now.
Market sentiment as a contrarian reality check for this analysis.
Balanced sentiment
Sentiment is balanced. In this zone, coin-specific fundamentals and on-chain data usually matter more than macro mood alone.
Historical BTC performance
When the index sat between 40 and 59, BTC historically moved an average of +3.0% after 30 days and +9.0% after 90 days.
Current
48
out of 100
Neutral
Bitcoin is changing hands at $80,841, down 0.74% over the past week and 4.07% over the past month — a picture where constructive and worrying signals are roughly evenly matched. The Fear & Greed Index sits at 51 (Neutral), slipping from 53 a week ago, suggesting that neither optimism nor fear currently has the upper hand and that sentiment has cooled slightly. On-chain data from Bitcoin Research Kit, sourced from an independent full node, shows the price running at 1.50 times the $54,041 Realized Price (the average price at which coins last changed hands). Meanwhile, a positive NUPL reading of 0.34 confirms that unrealized gains still dominate across the network. Development activity stays strong, with 311 code commits logged in the past four weeks, but rising interest rates, accelerating inflation, and sluggish monthly price momentum are creating real headwinds. Taken together, the network fundamentals and on-chain backdrop look healthy, but the macro environment and neutral sentiment offer little directional edge for the weeks and months ahead.
Bitcoin is changing hands at $82,894 — up 1.14% over the past 24 hours, down 0.56% on the week, and up 1.95% over the last 30 days. These modest swings point to consolidation rather than a decisive trend in either direction. The Fear & Greed Index sits at 55 (Neutral), down seven points over the past week, suggesting market enthusiasm has cooled and tempering the bullish case somewhat. On-chain data from Bitcoin Research Kit (own full node) shows the price holding above the $53,881 Realized Price, while an MVRV of 1.52 and NUPL of 0.34 indicate unrealized gains still dominate across the network. Active developer activity and headlines around regulated access and ETF flows add a constructive note, but rising interest rates and persistent inflation create real headwinds. For anyone running their own coin analysis, the picture is one of balance: solid network fundamentals weighed against a difficult macro backdrop. The model's seven-day hit rate stands at 63%, so meaningful uncertainty remains.
Bitcoin trades at $81,293, up 0.2% over 24 hours but down 2.2% over seven days, while retaining a 5.8% monthly advance. The Fear & Greed Index is 55, labeled Neutral, and its decline from 61 over the week shows that market confidence has cooled. On-chain data show the price at 1.51 times the aggregate cost basis, with unrealized profits prevailing overall, but these observations do not predict the next move. Active development and Bitcoin’s defined supply structure provide constructive fundamentals, while ETF redemptions, rising interest rates, higher inflation and a stronger dollar create pressure. For market participants, the data picture is balanced rather than clearly one-sided, with meaningful uncertainty around the coming weeks.
Bitcoin is changing hands at $81,723, down 2.19% over the past 24 hours and 1.28% over the past week — though it's still sitting on a 6.11% gain for the month. The Fear & Greed Index reads 62 (Greed), signaling that optimism hasn't disappeared, but the drop from 64 a week ago suggests that confidence is cooling slightly, enough to keep sentiment from drowning out the broader economic headwinds. On-chain data from the Bitcoin Research Kit (sourced from an independent full node) shows price trading comfortably above the $53,844 Realized Price, with NUPL at a positive 0.35 — meaning the network as a whole is sitting on unrealized gains. Development activity remains strong, with 296 commits logged over the past four weeks, while news coverage is running neutral rather than tilting bullish or bearish. Taken together, this coin analysis points to a balanced picture: the network fundamentals and developer activity stay constructive, but rising inflation, climbing interest rates, and a stronger dollar are weighing on the broader market backdrop.
Bitcoin is changing hands at $82,979, up a solid 7.84% over the past 30 days — though the last seven days tell a different story, with prices slipping 2.65% as the monthly rally loses steam. Market mood stays upbeat on paper: the Fear & Greed Index sits at 61, still in Greed territory, but that's down from 70 just a week ago, a sign that enthusiasm is cooling rather than building. This keeps the overall picture balanced instead of clearly bullish. On-chain data from Bitcoin Research Kit (sourced from an own full node) adds more texture: MVRV reads 1.54, NUPL comes in at 0.35, and SOPR sits at 1.006. In plain terms, the current price sits above the $53,810 Realized Price, unrealized profits dominate across the network on aggregate, and coins being spent today carry slightly more value than when they were last moved. None of this predicts where Bitcoin heads next — it's a snapshot, not a crystal ball. On the fundamentals side, development hasn't slowed (344 commits in the last four weeks), and the fixed maximum supply continues to underpin long-term scarcity. Counterbalancing that: rising interest rates and persistent inflation remain real headwinds. Taken together, Bitcoin's network health and on-chain backdrop look solid, but cooling sentiment and a tougher macroeconomic climate mean this is no one-sided story — making this investment research (MiFID II Del. Reg 2017/565 Art. 36) lean toward a cautious, wait-and-see stance.
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$80,666.00
24h
+1.07%
7d
-2.15%
30d
-4.83%
95.7% of the max supply is circulating
Data as of Oct 27, 2026
MVRV
1.47
Ratio of market value to realized value.
30-day range: 1.47–1.61
NUPL
0.32
Net unrealized profit/loss relative to market value.
30-day range: 0.32–0.38
Realized Price
$54,063
Aggregated on-chain cost basis per BTC.
30-day range: $53,522–$54,063
SOPR
1.001
Spent Output Profit Ratio across a 24-hour window.
30-day range: 0.999–1.027
Holders (100–1,000 BTC)
Balance: 5,282,914 BTC
The combined balance of this bracket increased by 20,869 BTC over the last 30 days.
Large holders (1,000–10,000 BTC)
Balance: 4,187,175 BTC
The combined balance of this bracket increased by 21,841 BTC over the last 30 days.
Very large holders (10,000–100,000 BTC)
Balance: 2,281,096 BTC
The combined balance of this bracket increased by 8,005 BTC over the last 30 days.
Largest holders (over 100,000 BTC)
Balance: 704,439 BTC
The combined balance of this bracket decreased by 24,910 BTC over the last 30 days.
Cohorts are address-based: an address is not a person — exchange and custody wallets are included, and one person can hold many addresses. The cohorts therefore do not map to entities. Addresses move to another bracket as soon as their balance crosses a threshold, so a bracket's 30-day change is not the same as inflows or outflows of specific holders.
Source: Bitcoin Research Kit (own full node) · Methodology: how CoinVett compiles these figures
These figures are descriptions of historical on-chain data, not a valuation or a recommendation.