$BTC

Price: The price of Bitcoin hovers around $107,000, showing technical resilience and broad possibilities of reaching new all-time highs.

Institutional Adoption: BitMine Immersion Technologies has raised $250 million through a private placement aimed at establishing a treasury in ETH, indicating a departure from its previous Bitcoin-centric approach. Metaplanet has surpassed Cleanspark with a Bitcoin purchase of $108M.

Market Analysis: JPMorgan analysts believe Circle is well-positioned in the market, but they warn that competition represents a potential threat to the stablecoin issuer. One analyst states that the price of Bitcoin is pinned down because "veterans are selling."

Regulation: Kazakhstan intends to establish a national crypto reserve.

Please note that the cryptocurrency market is very volatile, and this news may change rapidly.