$BTC / USDT Market Update

Bitcoin's current market value is around $105,093.24 to $105,576.95, with a market capitalization of approximately $2.09 trillion to $2.10 trillion. The cryptocurrency has seen significant price movements, influenced by various factors such as geopolitical tensions and institutional investments.

*Recent Market Trends:*

- *Price Volatility*: Bitcoin's price plummeted to $103,895, down 4% in 24 hours, amid rising Middle East tensions.

- *Liquidations*: Over 247,000 traders were liquidated in a 24-hour window, with a notable $200 million BTC long on Binance being the largest single liquidation event of the year.

- *Investor Confidence*: Despite market turbulence, Bitcoin's chart structure remains technically constructive, with a possible higher low in the making ¹.

*Institutional Investments:*

- *Anthony Pompliano's Investment Vehicle*: Pompliano is set to lead a public investment vehicle aiming to raise $750 million to purchase Bitcoin.

- *GameStop's Bitcoin Treasury*: GameStop upsized its convertible note offering to $2.25 billion, potentially boosting Bitcoin's price ² ³.

*Market Analysis:*

- *Bitcoin Dominance*: Bitcoin's dominance is rising, with investors fleeing riskier assets in favor of the original cryptocurrency.

- *Price Prediction*: Analysts predict Bitcoin's price could reach $108,864 if it breaks above $106,350, with some forecasts suggesting a potential surge to $111,970.17 ¹ ⁴.