#BTCBreaks99K

Bitcoin is currently trading near $102,698.42, having recently broken through the $100,000 mark isn't confirmed yet but it's close. Here are some key points about Bitcoin's current price and future predictions ¹:

- *Current Price*: $102,698.42

- *Market Cap*: $1.93 trillion

- *Recent Performance*: Bitcoin has shown resilience and rebounded from a spring drawdown, with some analysts predicting it could reach new highs

Some experts predict Bitcoin could reach ²:

- *$120,000 to $200,000* by the end of 2025, driven by growing institutional adoption and a favorable post-halving supply dynamic

- *$500,000* by 2028, according to Standard Chartered's head of digital assets research

- $1.2 million by 2030, as predicted by ARK Invest's Cathie Wood

Key factors influencing Bitcoin's price include ²:

- *Institutional Adoption*: Growing interest from institutions and ETFs

- *Macroeconomic Trends*: Potential Fed rate cuts and a weaker dollar

- *Supply Dynamics*: Reduced issuance due to halving and declining exchange supply

- *Technological Progress*: Upgrades like Lightning Network expansion and smart contract integrations