🤔Here's the latest $Bitcoin news:

*Current Price:* Bitcoin is trading at $117,731.50, with a 1.05% decrease in the last 24 hours. Its market capitalization stands at $2.34 trillion.

*Market Trends:*

- *Volatility:* Bitcoin faced renewed volatility after a minor pullback, stabilizing within a tight range around $114,700.

- *Open Interest:* Bitcoin Open Interest has surged to a new all-time high, despite price fluctuations.

- *Demand:* Demand is building at the $117,000 level, with cost basis distribution defining key support levels.

*Recent News:*

- *Galaxy Digital's Sell-Off:* Galaxy Digital's $1.5 billion Bitcoin sell-off contributed to Bitcoin's price dip.

- *SEC Delays ETF Decision:* The SEC has postponed its verdict on a Trump-backed Bitcoin ETF until 2025.

- *US Seizes Bitcoin:* The US government seized $2.4 million in Bitcoin, potentially adding to its strategic reserve.

*Expert Insights:*

- *Bullish Outlook:* Analysts predict a potential surge to $130,000, citing factors like M2 money supply growth.

- *Bearish Warning:* Some analysts warn of a possible drop to $110,000, citing fading spot ETF flows and seasonality.

Cheers🙂