$BTC / Market update 🍒🍒

Bitcoin's current market situation is as follows ¹ ² ³:

- *Current Price*: $103,444.76, with a 0.94% decrease in the last 24 hours

- *Market Capitalization*: $2.08 trillion

- *Recent Price Movement*: Bitcoin has stabilized around $104,000 after a 10.44% rally the previous week, driven by risk-on sentiment from the US and China's agreement on major tariff reductions

*Key Developments:*

- *Institutional Demand*: Strong institutional demand continues, with US spot Bitcoin ETFs recording a total inflow of nearly $920.90 million last week

- *Metaplanet's Bitcoin Purchase*: Japanese investment firm Metaplanet acquired 1,241 BTC worth $125.30 million, bringing its total holding to 6,796 BTC and overtaking El Salvador's national reserve

- *Market Sentiment*: Bitcoin's price action is showing technical resilience, with support forming at critical levels and potential for further gains

*Future Outlook:*

- *Price Prediction*: Analysts predict Bitcoin could reach $105,000 and potentially test its all-time high of $109,588

- *Market Trends*: Growing optimism and institutional investment could drive Bitcoin's price higher, but market volatility and external factors may impact its trajectory ⁴