Bitcoin Price and Market Analysis

* Reaches Over $109,700 - Bitcoin hit $109,700 today, approaching its all-time high. However, professional traders remain skeptical about Bitcoin's price movements.

* Altcoin Underperformance - Despite Bitcoin's rally, Altcoins are significantly weaker. Ethereum has dropped by about 17%, indicating that Bitcoin's price surge doesn't automatically benefit Altcoins.

* Next Target at $117,000 - On-chain and technical data suggest Bitcoin could potentially rise further to $117,000.

* $170,000 Target - With the global M2 money supply reaching record highs, forecasters suggest Bitcoin's price target could be around $170,000.

Bitcoin Accumulation and Investments

* Vinanz Increases Bitcoin Holdings - Vinanz has accumulated an additional 65.03 BTC. This demonstrates increased interest in Bitcoin as a strategic asset after successfully raising £3.58 million for mining expansion.

* BlackRock's Bitcoin ETF Revenue Rises - BlackRock's Bitcoin ETF (iShares Bitcoin Trust - IBIT) generated more annual fee revenue than the S&P 500 ETF.

* Figma Discloses $70M Bitcoin ETF Holdings - Figma has disclosed holding $70 million worth of Bitcoin ETFs and plans to purchase an additional $30 million.

* Brazil's Hybrid Bitcoin/Gold ETF - Hashdex and Buena Vista Capital are collaborating to introduce a new hybrid Bitcoin and gold ETF. This highlights Brazil's leadership in the crypto investment market.$BTC