#XSuperApp Here's the latest Bitcoin update:
*Current Price:* Bitcoin is trading at $106,309.70, with a 1.40% increase in the last 24 hours. Another source indicates the price is around $106,111.35, with a 1.24% increase.
*Market Cap:* The market capitalization stands at which is around $2.08 trillion to $2.11 trillion, with a market dominance of 61.03% to 61.14%.
*Recent Developments:*
- *Institutional Investment:* Semler Scientific plans to hold 105,000 Bitcoins by the end of 2027, after appointing Joe Burnett as director of Bitcoin treasury. The company aims to buy 10,000 BTC by the end of 2025 and 42,000 by 2026.
- *Bitcoin Reserves:* Ukraine has introduced legislation to adopt Bitcoin as part of its sovereign reserves, positioning itself at the forefront of Bitcoin adoption.
- *Market Trends:* The crypto market is facing hidden selling pressure, with institutional funds becoming dominant. Bitcoin's demand momentum has dropped, but analysts predict potential growth, with some forecasting a surge to $110,000 or even $250,000 by 2025 ¹ ² ³.
*Key Resistance Levels:* Bitcoin faces resistance at $106,000, with potential targets at $107,000 and $110,000. Some analysts predict a possible breakout above $113,000 ¹ ⁴.