$BTC
As of March 26, 2025, Bitcoin (BTC) is trading at $88,199, reflecting a 1.22% increase from the previous close. The day's trading range has seen a high of $88,525 and a low of $86,988.
In recent developments, BlackRock has launched its first Bitcoin exchange-traded product (ETP) in Europe, named 'iShares Bitcoin ETP.' This product is domiciled in Switzerland and listed in Paris, Amsterdam, and Frankfurt. BlackRock has partnered with Coinbase as the custodian and Bank of New York Mellon as the administrator for this new offering.
Additionally, GameStop announced its entry into the cryptocurrency market by investing in Bitcoin, leading to an 8.3% rise in its stock price during after-hours trading. This move aligns GameStop with other companies like Tesla and Strategy, which have also invested in Bitcoin.
Analysts have observed a 6.7% relief rally in Bitcoin over the past five days, though it remains 6.1% lower on a year-to-date basis. Technical analysis suggests that short-term momentum has improved, potentially extending the rally for another week or two, with resistance at $90,700 and $93,700, and support at $73,800.
However, betting markets predict that Bitcoin has likely peaked for the year 2025, with a 61% chance of reaching $110,000 but little confidence beyond that mark. The majority expect it to dip around $70,000, reflecting broader economic concerns impacting risk assets.
