Here's the latest Bitcoin update:
Current Price
Bitcoin's current price is $109,731.78 USD, with a 1.03% decrease from the previous day's closing price of $110,872.34. The market capitalization stands at $2.12 trillion USD ¹.
Market Trends
- Bitcoin's price has been fluctuating, with some analysts predicting a potential drop to $62,100, $61,500, or $60,800.
- Others expect a rise to $65,000, $65,700, or $66,300.
- The cryptocurrency has shown resilience, with some experts believing the price target may be too low, even after a previous prediction of $120,000 ² ³ ⁴.
Recent Developments
- *Bitcoin Treasury*: David Bailey and Nakamoto announce a merger with KindlyMD to form a Bitcoin treasury company.
- *Tariff Deal*: Bitcoin price sold off after Trump's US-China tariff deal announcement.
- *Standard Chartered Analyst*: Geoffrey Kendrick apologized for his $120,000 Bitcoin price prediction, stating the target may be too low ⁵ ⁴.
Key Statistics
- *Market Capitalization*: $2.12 trillion USD
- *24-hour Trading Volume*: $51.02 billion USD
- *Circulating Supply*: 19.86 million BTC
- *Max Supply*: 21 million BTC ⁶
