Here are some of the latest news and updates about Bitcoin:
- *Recent Price Movement*: Bitcoin's current price is around $96,250, with a slight decrease of 0.53% in the last 24 hours. It recently reached a 70-day peak, propelled by Michael Saylor and 21Shares.
- *Market Predictions*: Some analysts predict Bitcoin's price will hit $100,000 soon, while others forecast it could reach $135,000 in the next 100 days if macroeconomic conditions remain consistent.
- *Institutional Investments*: Institutional investors are driving a new era in Bitcoin mining, capitalizing on favorable US regulations and infrastructure diversification into AI.
- *Regulatory Updates*: The US government's stance on Bitcoin is being closely watched, with some speculating that a Trump administration could lead to softer crypto regulations. Deribit and other global firms are reassessing opportunities in the US market.
- *Adoption*: Arizona's plan to invest in Bitcoin was vetoed by Governor Katie Hobbs due to concerns over using public funds for "untested assets." Meanwhile, some shops in Cannes, France, are expected to accept crypto by summer.
- *Market Analysis*: Moderate optimism is seen in Bitcoin derivatives data, but some traders are cautious about new all-time highs. Bitcoin's market capitalization stands at approximately $1.89 trillion ¹ ² ³.