$BTC Bitcoin (BTC) is currently trading around $103,387.64 USD, with a -0.88% change in the last 24 hours. Its market capitalization is approximately $2.055 trillion USD, and 24-hour trading volume is about $50.47 billion USD, making it the largest cryptocurrency by market cap.
Analyst Altcoin Sherpa suggests Bitcoin's correction might be over, with sideways trading expected between $103,127 and $106,826. While some predict a slump to $100K, others anticipate it holding above $100K through summer with minimal Q3 upside. On-chain data indicates a generally "Bearish" sentiment.
Institutional adoption continues, with JPMorgan Chase allowing clients to buy Bitcoin and BlackRock's Bitcoin ETF nearing $70 billion in holdings. Regulatory developments include the US Senate approving a Stablecoin Bill for legal clarity. In mining, MARA Holdings reported record May production.