$BTC Market Capitalization: The market capitalization of Bitcoin is approximately $2.09 - $2.12 trillion USD, making it the largest cryptocurrency by this measure.

* Volatility: Bitcoin is still known for its high volatility. Its price can change sharply in response to news, market sentiment, regulatory changes, and even moderate trading activity.

Key drivers and influencing factors:

* Institutional demand and ETFs: The launch of spot Bitcoin ETFs in the USA has been a huge catalyst. Institutional investors, such as BlackRock, Grayscale, and others, are actively raising funds through these vehicles, creating a steady influx of capital into Bitcoin. This legitimizes and simplifies access to Bitcoin for traditional investors, which is a significant growth factor.

* Halving: The last Bitcoin halving occurred in April 2024, which cut the miners' reward in half. Historically, halvings have led to price increases due to the reduction in new Bitcoin supply. The effect of this event often manifests gradually over the year to year and a half following the halving.