$BTC Bitcoin's current price is around $111,013.92 to $113,611.33, with a 24-hour trading volume of approximately $59.93 billion. The cryptocurrency has seen a 1.95% to 4.10% increase in the last 24 hours, with a market capitalization of around $2.208 trillion to $2.251 trillion.
*Key Statistics:*
- *Current Price:* $111,013.92 - $113,611.33
- *24-hour Change:* +1.95% to +4.10%
- *Market Capitalization:* $2.208 trillion - $2.251 trillion
- *Circulating Supply:* 19.89 million
- *24-hour Trading Volume:* $59.93 billion
*Recent Developments:*
- Bitcoin recently hit a new all-time high above $112,000, driven by institutional inflows and dovish signals from the Federal Reserve.
- The cryptocurrency's price movement is influenced by factors such as market sentiment, regulatory developments, and global events ¹ ² ³.
*Market Outlook:*
- Analysts believe that the cryptocurrency market is mature and less prone to volatile price movements compared to previous halvings.
- Upcoming US inflation data and the Fed's next rate decision are expected to impact near-term trends ² ⁴
