<ul data-eligibleForWebStory="false">Bitcoin (BTC) trades at $117,947, up 6.01% in 24 hours.Bitcoin's 52-week high is $118,856, low is $49,121, up 24.92% year-to-date.Bitcoin, with its capped supply of 21 million coins, influences price.Institutional adoption and market confidence drive bitcoin's validation as an asset.