$BTC
After positive progress in the US-China trade talks and ahead of today's FOMC meeting, the price of Bitcoin (BTC) has regained upward momentum, rising 2.33% today, breaking through the $97,000 mark, currently quoted at $96,950. BTC is expected to challenge the $100,000 barrier, potentially setting a new all-time high.
To maintain upward momentum, BTC needs to hold the critical support level of $95,300. Recently, large wallets holding between 10 to 10,000 BTC have increased their holdings by 81,338 BTC in the last six weeks, indicating enhanced institutional confidence. Meanwhile, BlackRock's IBIT has seen strong capital inflow, with nearly $5 billion flowing in over the past 16 days.