$BTC Bitcoin's current price is $119,665, with a 2.15% increase and a market capitalization of $2.37 trillion. Recent developments include¹:
- *New All-Time High*: Bitcoin hit a new all-time high of $123,218 before consolidating around $118,000.
- *Institutional Investment*: Spot Bitcoin ETFs accumulated over $48 billion in net inflows, outperforming gold and other US ETFs with a 65% return since January 2024.
- *Adoption*: Companies like Sequans added 1,264 Bitcoin to their balance sheet, and JPMorgan plans to launch crypto-backed loans.$BTC
- *Price Prediction*: Analysts forecast Bitcoin could reach new highs, driven by strong demand and limited supply.²$BTC
