BTC. new update....Bitcoin's current price is $113,936.15, with a 0.95% decrease in the last 24 hours. The cryptocurrency has experienced significant fluctuations, with some analysts predicting a potential surge to $150,000 or even $250,000 in 2025.
*Recent Updates:*
- *Institutional Adoption:* Michigan pension fund expanded its ARK Bitcoin ETF position from 100K to 300K shares, signaling growing institutional confidence.
- *Bitcoin Reserve:* Indonesia is exploring Bitcoin as a sovereign reserve asset, while Brazil's Federal Chamber of Deputies will discuss a bill to allocate up to 5% of the country's $300 billion treasury reserve to Bitcoin.
- *Regulatory Developments:* The US SEC has approved in-kind creation and redemption mechanisms for Bitcoin and Ethereum ETFs, potentially impacting market dynamics.
- *Market Trends:* Bitcoin whales have accumulated over 218,000 BTC in 18 weeks, indicating renewed long-term confidence ¹ ² ³.
*Price Predictions:*
- Fundstrat's Tom Lee predicts Bitcoin could reach $250,000 in 2025 and $1 million over time.
- Analysts expect Bitcoin to surge to $150,000, driven by institutional demand, supply cuts, and growing adoption ¹ ⁴.
*Notable Investments:*
- Coinbase made a $2 billion Bitcoin move, signaling growing institutional interest.
- Metaplanet bought 463 BTC for $53.7 million, boosting its holdings to 17,795 BTC worth $1.78 billion.
- Michael Saylor's MicroStrategy acquired 6,220 more BTC for $739.8 million, bringing its total holdings to 607,770 Bitcoin ² ⁵ ⁴....$BTC
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