$BTC

📰 Market Summary

Price: ~$107,876 USD, reflecting a ~0.01% rise on the day. Intraday trading has ranged from ~$106.4K to ~$108.1K.

Market Cap & Volume: Bitcoin’s market cap has grown to ~$2.14 trillion, with a 24‑h volume around $50–51 billion—up ~1–3% from yesterday.

Dominance: BTC continues to command ~64.8% of the overall crypto market.

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🔍 Key Drivers Behind the Move

1. Geopolitical Relief + Dollar Weakness

A tentative cease-fire in the Middle East boosted risk appetite, while a weakening U.S. dollar made BTC more attractive—driving today’s ~1–1.5% upswing.

2. Institutional & ETF Momentum

Renewed institutional inflows via spot BTC ETFs continue, supporting consolidation near $107K–108K.

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📈 Technical Outlook

Bullish Bias Above $108.4K

TradeCompass signals a bullish stance if BTC remains above the day’s VWAP (~$108,440), with initial targets at ~$108.8K, then ~$109.05K, and higher toward $110–111K.