$BTC Bitcoin's current price is $118,589.99, with a market capitalization of $2.44 trillion. The cryptocurrency has seen significant developments recently¹:
- *Price Movement*: Bitcoin's price has been volatile, reaching new all-time highs above $123,000 and currently trading around $118,000.
- *Institutional Investment*: Spot Bitcoin ETFs have seen remarkable growth, with major issuers like BlackRock reporting a 370% surge in inflows. IBIT, a Bitcoin trust ETF, has hit an $80 billion AUM milestone, now holding over 700,000 BTC.$BTC
- *Adoption*: Companies like GameStop and KULR are increasing their Bitcoin holdings, with GameStop's investment seen as a hedge against inflation and global money printing.
- *Regulatory Developments*: The US House has advanced the GENIUS Bill amid uncertain support for Bitcoin regulation, while Coinbase has sued Oregon officials over sudden changes in digital assets policy.
- *Market Trends*: Analysts predict Bitcoin could reach $150,000 or higher, driven by strong demand and limited supply. Bitcoin's dominance may be challenged if Ether holds its current bullish uptrend.
*Key Statistics:*
- *Current Price*: $118,589.99
- *Market Capitalization*: $2.44 trillion
- *24-hour Trading Volume*: $3.22 billion
- *Circulating Supply*: 19.89 million BTC
- *Maximum Supply*: 21 million BTC² ³
