$BTC 📈 Bitcoin Price Overview

• Current Price: $96,425

• Daily Change: -0.29%

• Day’s Range: $96,386 – $97,838   

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🔍 Key Developments Driving Bitcoin’s Momentum

1. Institutional Adoption Surge: Major financial institutions are increasingly investing in Bitcoin. For instance, Strategy (formerly MicroStrategy) has acquired an additional 15,355 BTC, bringing its total holdings to over 550,000 BTC. 

2. ETF Inflows: U.S.-listed spot Bitcoin ETFs have seen substantial net inflows, with $2.68 billion added this week until Thursday, marking the largest influx since December. 

3. Price Predictions: Analysts have varying forecasts for Bitcoin’s price trajectory:

• Peter Chung of Presto Research predicts BTC could reach $210,000 by year-end.

• Standard Chartered projects Bitcoin hitting $120,000 in the current quarter.

• CoinCodex anticipates BTC trading between $97,646 and $180,252 in 2025. 

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⚠️ Regulatory Developments

The UK’s Financial Conduct Authority (FCA) plans to ban retail investors from borrowing money to invest in cryptocurrencies. This move aims to protect consumers and maintain market integrity amid concerns about market manipulation and insufficient disclosures

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