š Bitcoin Update: Bullish Momentum & Institutional Waves š
Markets at a Glance:
⢠Currently trading around $119,350, Bitcoin remains resilient, hovering above the $118K support zone and showing intraday strength after bouncing off a recent dip near $117K .
⢠A record high near $123K was recorded just days ago, before a minor correction brought prices back into the $118ā$120K range ļæ¼ ļæ¼.
Whatās fueling the push?
⢠U.S. regulatory clarity is a big tailwind. The recent passage of the GENIUS Act, along with the Digital Asset Market Clarity and AntiāCBDC Surveillance State Acts, signal a more favorable landscapeāboosting institutional confidence ļæ¼.
⢠Institutional inflows remain impressive. Strategist firms like MicroStrategy continue accumulating, while ETF inflows have reached historic levelsāBlackRockās Bitcoin ETF alone is nearing $90āÆbillion in AUM ļæ¼.
On-chain & macro setup:
⢠The post-halving supply squeeze, combined with growing adoption and technological strength, gives BTC runway to test higher targetsāanalysts are eyeing $135K as the next key milestone