$BTC / USDT Market Update

BTC coin market news:

*Current Price:* Bitcoin (BTC) is currently trading at $103,217.59 with a 1.23% decrease in the last 24 hours.

*Market Capitalization:* The market capitalization of Bitcoin is $2.09 trillion.

*Recent News:*

- *Bitcoin Eyes Decline Below $100,000*: Amid profit-taking and the Trump-Musk clash, Bitcoin's price is under pressure, potentially heading towards a decline below $100,000.

- *Institutional Demand*: Despite the price drop, institutional demand for Bitcoin remains strong, with corporate holdings surging to $85 billion.

- *Bitcoin ETFs*: Spot Bitcoin ETFs have accumulated over $36 billion in net inflows since their launch, outperforming gold and other US ETFs.

- *Regulatory Developments*: The US Securities and Exchange Commission's (SEC) efforts are shaping the current market environment, with potential implications for Bitcoin's price and adoption ¹ ² ³.

*Market Trends:*

- *Volatility*: Bitcoin's price is experiencing volatility, with recent fluctuations driven by macroeconomic tensions and profit-taking.

- *Supply Shock*: The percentage of Bitcoin on exchanges is at its lowest since 2018, signaling a potential supply shock.

- *Institutional Investment*: Bitcoin futures have hit a record 217 large traders on CME, indicating a surge in institutional investment ² ⁴.