$BTC
Bitcoin (BTC) is trading at approximately $96,988, reflecting a 2.15% increase from the previous close. The day's trading range has been between $94,879 and $97,360.
Key Developments:
Institutional Adoption: Major financial institutions are increasing their exposure to Bitcoin. Strategy (formerly MicroStrategy) has acquired an additional 15,355 BTC, bringing its total holdings to 553,555 BTC.
ETF Inflows: U.S.-listed spot Bitcoin ETFs have seen substantial net inflows, with $2.68 billion added this week until Thursday, the largest since December.
Market Predictions: Analysts predict a bullish trajectory for Bitcoin in 2025. Peter Chung of Presto Research forecasts $BTC $BTC reaching $210,000 by year-end, driven by institutional adoption and global liquidity.
These developments indicate a strong foundation for Bitcoin's continued growth, though investors should remain mindful of market volatility.