$BTC Bitcoin's current price is $108,760.50 with a 0.14% increase, and its market cap stands at $2.17 trillion. The cryptocurrency has seen significant institutional inflows and regulatory clarity, driving its emergence as a macro asset. Some analysts predict Bitcoin will reach new highs, potentially exceeding $120,000.

*Recent Developments:*

- *Institutional Investment*: Bitcoin ETFs have seen significant inflows, with $790 million invested last week, although this represents a slowdown from the previous three-week average of $1.5 billion.

- *Corporate Holdings*: Japan's Metaplanet has become the world's fifth-largest corporate Bitcoin holder after acquiring 2,204 BTC. Other companies, like CleanSpark, have increased their Bitcoin holdings to 12,608 BTC.

- *Regulatory Environment*: The Senate's passing of the GENIUS stablecoin bill has contributed to Bitcoin's surge above $105,000 ¹ ².

*Market Trends:*

- *Price Movement*: Bitcoin's price has fluctuated between $107,429.57 and $109,005.00 in the last 24 hours.

- *Market Sentiment*: Traders are unwinding their bearish positions, fueling optimism for a potential breakout.

- *Technical Analysis*: A widely used Bitcoin technical analysis indicator suggests that BTC is on the verge of a "big move" toward new all-time highs .