$BTC Here's today's Bitcoin update:
*Current Price*: Bitcoin is trading at $108,241.22, with a slight change in price. Other sources indicate prices of $108,255 and $108,762.11, with a 0.21% and 0.69% increase, respectively.
*Market Performance*:
- *Market Cap*: $2.15 trillion - $2.16 trillion
- *24-hour Trading Volume*: $25.40 billion - $44.85 billion
- *Circulating Supply*: 19.88 million BTC
- *Max Supply*: 21 million BTC
*Recent Trends*:
- Bitcoin's price strength is influenced by institutional demand, with potential for new highs
- Analysts predict a potential surge to $120,000 or $200,000 by year-end
- Short-term holders moved 15,000 Bitcoin at a loss, raising the chance for a BTC price dip under $100,000
*News and Updates*:
- *Institutional Adoption*: BlackRock's iShares Bitcoin ETF now holds 55% of the total Bitcoin held across all US spot Bitcoin ETFs
- *Corporate Acquisitions*: Metaplanet aims to leverage its growing Bitcoin treasury to acquire cash-generating businesses
- *Bitcoin Futures*: Bitcoin futures show rising long-side buy pressure as open interest surges
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*Price Forecast*: Bitcoin's price is expected to remain strong, with some analysts predicting a potential all-time high in sight. However, others caution that Bitcoin's price could drop to $90,000 due to market volatility ⁴.#BTC