$BTC / USDT Market Update

Bitcoin's current market value is around $108,376.37, with a market capitalization of approximately $2.15 trillion. The token's value has seen some fluctuations recently. Here are some key market metrics ¹:

- *Current Price*: $108,376.37

- *Market Capitalization*: $2.15 trillion

- *Open Price*: $108,903.21

- *High Price*: $109,087.86

- *Low Price*: $107,429.57

- *Percent Change*: -0.48%

Some recent developments in the Bitcoin market include ² ³:

- *Institutional Adoption*: BlackRock's iShares Bitcoin ETF holds over 700,000 BTC worth $75.5 billion.

- *Corporate Bitcoin Accumulation*: Metaplanet considers using Bitcoin treasury to acquire cash-generating businesses, including a possible Japanese digital bank.

- *Market Predictions*: Analysts predict Bitcoin could reach $135,000 by September and $200,000 by year-end.

- *Regulatory Updates*: The SEC has acknowledged Truth Social's spot Bitcoin ETF application amid ongoing regulatory review.

Other notable news includes ³ ⁴:

- *Pakistan's Bitcoin Strategy*: Michael Saylor is open to advising Pakistan on Bitcoin strategy.

- *Bitcoin Reserve Bill*: Brazil advances Bitcoin reserve bill to pave the way for institutional adoption.

- *Bitcoin Price Predictions*: Analysts predict Bitcoin could hit $150,000 or even $200,000 in the near future.