$BTC
š Latest Bitcoin News & Key Developments
Here are the most important updates for $BTC right now:
1. Volatility Alert: Supply Shrinks as Rally Continues
Bitcoin's recent uptick comes as available supply on exchanges and OTC desks drops, often a signal of tightening market dynamics .
2. Resistance Around $108K Holds
Despite a ~2% dip in the past 24 hours, BTC remains close to the $108K resistance mark. Traders are closely watching the Federal Reserve's next rate-cut decisions .
3. All-Time High Convergence with Other Assets
Stocks, gold, and Bitcoin are all nearly reaching record levelsādriven by a weaker US dollar and favorable global sentiment .
4. Muted Inflation Sparks Optimism
Recent US CPI data came in below expectations, fueling hopes of interest rate cuts and potentially pushing BTC toward $200K by year-end .
5. Institutional Accumulation Continues
Big players like Strategy (formerly MicroStrategy) keep buyingāover 1,045 BTC (~$110M) recentlyādriving total corporate holdings to ~582K BTC .
6. Companies Converting RUB to BTC
Japanese company Metaplanet is pivoting to a Bitcoin treasury strategy, aiming to raise $5.4B and hold ~210K BTC by end of 2027 .
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š® Market Outlook
Price Action: BTC is currently trading in the $108Kā$112K band. Major resistance at $112K may lead to a breakout, with upside potential to $137K. Support lies around $107K and $100K .
Volatility Trends: Despite daily swings, overall volatility has easedāmarking a maturing market .
Macro Drivers: Lower inflation, possible Fed rate cuts, and institutional demand are fueling bullish sentiment.
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šļø What to Watch This Week
Fed Outlook ā Watch for any hints on rate cuts after the CPI print.
BTC Exchange Flow ā Continued reduction in exchange reserves may fuel further upside.
Corporate Treasury News ā Any large institutional purchases could act as catalysts.