$BTC Here's today's Bitcoin update:
*Current Price*: Bitcoin is trading at $103,427.30, with a slight change in price. Other sources indicate prices of $103,827 and $103,609.98, with a 2.1% and 2.38% increase, respectively.
*Market Performance*:
- *Market Cap*: $2.064 trillion - $2.05 trillion
- *24-hour Trading Volume*: $27.532 billion - $46.47 billion
- *Circulating Supply*: 19.88 million BTC
- *Max Supply*: 21 million BTC
*Price Range*:
- *24-hour Low*: $102,624 - $104,004
- *24-hour High*: $106,042 - $106,188.42
*Recent Trends*:
- Bitcoin's price strength is influenced by institutional demand, with potential for new highs
- Analysts predict a potential surge to $167,000 or a drop to $85,000 based on market trends
- Short-term holders moved 15,000 Bitcoin at a loss, raising the chance for a BTC price dip under $100,000
*News and Updates*:
- *Derivatives Open Interest*: Bitcoin’s $96 billion in derivatives open interest fuels BTC price momentum near all-time highs, but rising leverage use raises the risk of liquidations and market volatility
- *Federal Reserve*: The Federal Reserve may be forced to cut rates in the near future if the US goes to war with Iran or the trade talks collapse
- *Institutional Access*: Parataxis will launch a Bitcoin-native treasury platform in South Korea, expanding institutional access to BTC despite regulatory barriers ¹ ²
