$BTC Bitcoin's latest news and updates:

Price Movement

- Bitcoin's price has breached $97,500, fueled by gains in SOL, Alpaca, and SUI staking markets after the Federal Open Market Committee (FOMC) announcement.

- It has recently bounced back to $98,000 after dipping below $96,000, with traders positioning for a potential rally to $100,000.

- The current price is around $98,800, with a 2.35% increase in the last 24 hours ¹ ² ³.

Market Analysis

- Analysts predict Bitcoin could hit $100,000 soon, with some expecting a bull run.

- Arthur Hayes believes Bitcoin is set up for a rally due to the Federal Reserve's stance on interest rates.

- Bitcoin's realized capitalization has reached $890 billion, indicating growing investor confidence ⁴ ⁵.

Institutional Adoption

- Vivek Ramaswamy's Strive Management plans to become the first publicly traded Bitcoin treasury company.

- Institutional adoption is expected to drive Bitcoin's price up, with some predicting it could reach $500,000 to $1 million ¹ ⁴.

Expert Insights

- Bitfinex analysts believe Bitcoin is poised to retest its all-time high if a key technical level holds.

- CryptoQuant warns that profit-taking could extinguish the bull market comeback.

- Market commentators see potential for Bitcoin to clear $110,000 ⁶ ⁴.