$BTC update
Bitcoin's current price is around $114,220-$114,631.14, with a 1.22-1.73% increase in the last 24 hours. Here are some key updates ¹ ² ³:
- *Price Range*: Bitcoin's 24-hour trading range is between $112,223-$114,637, with a high of $115,000 and a low of $113,250.
- *Market Capitalization*: Bitcoin's market cap stands at approximately $2.27-$2.28 trillion, ranking #1 among all cryptocurrencies.
- *Trading Volume*: The 24-hour trading volume is around $24.58-$62.77 billion.
- *Recent Trends*: Bitcoin has seen significant institutional investment and ETF inflows, driving its price up. Analysts predict potential targets of $125,000-$150,000.
- *Market Sentiment*: Market sentiment is positive, with many analysts expecting a continued bull run. However, some predict potential corrections or consolidation phases.
- *Support and Resistance Levels*: Key support levels are at $112,000-$103,200, while resistance levels are at $118,000-$120,000 and $125,000-$127,000.
Some notable developments include ² ⁴:
- *Institutional Investment*: Trump Media and Technology Group disclosed holding $2 billion in bitcoin and bitcoin-related securities.
- *Regulatory Updates*: The SEC raised position limits on options for bitcoin ETFs, potentially stabilizing prices and increasing institutional investment.
- *Bitcoin Mining*: Bitcoin mining faces surging power demands and record-low fees, but miner profits are rising.#BTC
