Here's a Bitcoin (BTC) update based on the latest data:
*Current Price:* $108,305.46
*Market Performance:*
- Market Cap: $2.15 trillion
- 24-hour Trading Volume: $37.25 billion
- Circulating Supply: 19.89 million BTC
- Maximum Supply: 21 million BTC
*Recent Trends:*
- Bitcoin has recorded its highest weekly close in history, with a strong institutional and corporate demand.
- Recent inflows into US-listed spot Bitcoin ETFs have reached $769.60 million, marking the fourth consecutive weekly increase.
- Companies like Metaplanet and Blockchain Group have added to their Bitcoin holdings, with Metaplanet purchasing 2,205 BTC and Blockchain Group acquiring 116 BTC.
*Price Forecast:*
- Analysts predict Bitcoin could reach new all-time highs, potentially surpassing $112,000, driven by continued institutional demand and macroeconomic factors.
- However, a correction could occur if Bitcoin falls below its support at $108,355, potentially dropping to $105,333, which coincides with the 50-day Exponential Moving Average (EMA) at $105,158 ¹ ² ³.$BTC $BTC