Here's the latest content on Bitcoin:
Current Price and Market Status
- Bitcoin's current price is around $96,780.47, with a 2.22% increase in the last 24 hours
- Market capitalization stands at approximately $1.88 trillion
- The realized capitalization has reached a new all-time high of $890 billion, fueled by sustained accumulation from both short- and long-term holders
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Recent News and Updates
- The Federal Reserve held interest rates steady at 4.25%-4.50%, and despite no rate cut, analysts believe cryptocurrencies may still rally due to shifting financial conditions
- Bitcoin's price is expected to surge toward $100,000, driven by growing investor confidence and liquidity injections
- Institutional investors are driving a new era in Bitcoin mining, capitalizing on favorable US regulations and infrastructure diversification into AI
- Metaplanet has reached the 5,555 BTC milestone with a $53 million purchase, valued at over $536 million at current prices
- BlackRock's iShares Bitcoin Trust has accumulated around $4.7 billion in inflows since early April
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Market Analysis and Predictions
- Analysts predict Bitcoin's price will hit $100,000 soon, with some forecasting a more gradual rise to $111,111 by the end of Q2 2025
- Whale activity mirrors pre-all-time high patterns, with the number of Bitcoin wallets holding over 1,000 BTC rising sharply
- Technical analysts identify a critical resistance zone between $97,000 and $99,000, which could open the path toward $100,000 if cleared
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Other Developments
- Bitcoin Depot Inc, a Bitcoin ATM provider, has seen its stock price fluctuate, currently trading at $1.37
- Wrapped Bitcoin (WBTC) is trading at $96,722.65, with a 2.19% increase in the last 24 hours
- Bitcoin Cash (BCH) is trading at $359.10, with a 0.34% increase ⁶ ⁷ ⁸