$BTC š Bitcoin (BTC) Price Update
ā¢ Current Price: Around $95,000, with a 1% market cap increase today.
ā¢ Trend: Analysts see strong bullish momentum, supported by increasing trade volumes and investor optimism.
(Source: Livemint)
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šļø Institutional and Government Moves
ā¢ BlackRock Investment:
BlackRock has recorded a massive $971 million Bitcoin purchase, marking one of its largest daily inflows.
(Source: Blockchain.News)
ā¢ Arizona Approves Bitcoin Investment:
Arizona became the first U.S. state to officially allow Bitcoin investments, signaling wider institutional adoption.
(Source: Blockchain.News)
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š OTC Market Situation
ā¢ OTC Bitcoin Balances:
Bitcoin reserves on OTC desks have dropped to an all-time low, hinting at tightening supply and possible increased price volatility.
(Source: Blockchain.News)
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š® Future Price Predictions
ā¢ Charles Edwards (Capriole Investments):
Predicts that Bitcoin prices will significantly rise in the near future.
(Source: Blockchain.News)
ā¢ Geoff Kendrick (Standard Chartered):
Forecasts Bitcoin could hit a new all-time high of $120,000 in Q2 2025, possibly reaching $200,000 by year-end.
(Source: Business Insider)
