$BTC

Here's the latest Bitcoin update:

Current Price and Market Status

- *Current Price*: $105,176.48 (down 2.88% from the previous close)

- *Market Cap*: $2.17 trillion

- *24-hour High*: $108,450.16

- *24-hour Low*: $102,664.31

Recent News and Developments

- *Geopolitical Impact*: Bitcoin's price has been affected by the escalating tensions between Israel and Iran, with some experts predicting a potential slump to $100,000.

- *Institutional Investment*: BlackRock's IBIT has reached $70 billion in assets under management, breaking records.

- *Regulatory Updates*: Connecticut has enacted a new law banning state investment in Bitcoin ¹ ² ³.

Market Analysis

- *Technical Setup*: Some analysts believe the uptrend remains intact despite the recent decline, while others predict a grim outlook for Bitcoin's price rebound.

- *Market Volatility*: The crypto market has experienced significant losses due to rising geopolitical tensions, with Bitcoin's price dropping under $103,000 ².