$BTC

$BTC BTC/USD Overview

Current Price: Around $107,800 per BTC, slightly down today (~0.9%–1.2% depending on the feed) .

24‑Hour Range: Roughly $106,700–109,100 .

Market Cap: Approximately $2.14 trillion (with ~19.88 million BTC circulating) .

Trading Volume: About $32–52 billion over the past day .

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🔍 Market Dynamics Driving the Price

1. Approaching All-Time High

Bitcoin is nearing its mid‑May peak near $112 K — just ~3–4% away .

Technical indicators show a bullish golden cross and breakout patterns, suggesting possible momentum toward $137K .

2. Macro Factors & IV

A weakening US dollar and easing inflation bolster “risk-on” appetite, lifting Bitcoin alongside stocks and gold .

Lower-than‑expected US CPI triggered an initial rally above $110K before a pullback to $106–108K .