$BTC Price & Market Dynamics

Price movements: Bitcoin has been range-bound between $100K–$110K—recently dipping below $104K after falling over 4% from ~$106K, with approximately $450 M in long‑position liquidations triggering volatility .

Current outlook: Resilience around $105K–$106K amid geopolitical tensions and anticipation of U.S. Fed cues .

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🏦 Institutional & Corporate Activity

MicroStrategy's maneuver: The company issued $1 bn in preferred shares to fund a purchase of ~10,100 BTC, bringing its total holdings to ~592,100 BTC—analysts view this as accretive to shareholder value .

Public treasury trend: Over 60 publicly listed firms have embraced “Bitcoin treasury” strategies, inspired by MicroStrategy’s model .

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🏛️ Regulation & Policy Updates

U.S. stablecoin framework: The Senate passed the bipartisan GENIUS Act to regulate USD‑pegged stablecoins—now headed to the House .

Strategic Bitcoin reserve: Since President Trump’s March executive order, the U.S. government has created a Strategic Bitcoin Reserve using forfeited coins (nearly 200K BTC) .

UK opens ETNs: The Financial Conduct Authority is considering lifting its ban on retail crypto ETNs, potentially opening access for UK investors .$BTC