$BTC Bitcoin's current price is $118,513.65, with a market capitalization of $2.34 trillion. The cryptocurrency has seen a 1% increase in the last 24 hours, with its price predicted to potentially reach $300,000 by the end of the cycle. Recent developments include¹ ²:
- *Institutional Investment*: US-based spot Bitcoin ETFs saw over $1 billion in inflows on two consecutive days, driving Bitcoin to new all-time highs.
- *Market Predictions*: Analysts forecast Bitcoin's price could surge to $300,000 by year-end, with some predicting a parabolic rally.
- *Adoption*: Bitcoin's adoption by public companies may signal shifts in corporate financial strategies, with 36 new companies expected to add Bitcoin to their balance sheets within six months.$BTC
Some analysts also predict potential price targets ranging from $170,000 to $180,000, with key levels to watch at $116,000-$119,000 and $184,181. Overall, Bitcoin's current trend indicates a strong bullish momentum.³ ⁴$BTC
