$BTC / USDT Peak Today

Bitcoin's price has been on a tear, recently reaching a 10-day peak of over $118,000. Here are some key updates ¹ ²:

- *Current Price*: Bitcoin is currently trading around $122,125, with a 3.59% increase.

- *Recent Highs*: The cryptocurrency recently hit a new all-time high above $123,000 and is currently 6% up from its price one week ago.

- *Market Cap*: Bitcoin's market capitalization stands at $2.42 trillion, representing roughly 60% of the total cryptocurrency market cap.

- *Institutional Interest*: Harvard University invested $116 million in BlackRock's Bitcoin ETF, while Brown University doubled its Bitcoin stake to $13 million via BlackRock ETF.

- *Regulatory Developments*: President Trump signed an executive order allowing Bitcoin and crypto in 401(k) retirement accounts, potentially unlocking access to $12.5 trillion in retirement savings.

- *Price Predictions*: Analysts predict Bitcoin could reach $120,000 soon, with some even forecasting higher prices due to increased institutional interest and adoption.

Some factors driving Bitcoin's momentum include ³ ⁴:

- *Institutional Adoption*: Growing interest from institutional investors, such as Harvard University and Brown University, is contributing to Bitcoin's price surge.

- *Spot ETF Inflows*: Steady inflows into Bitcoin spot ETFs are driving demand and pushing prices up.

- *Macro Tailwinds*: Bitcoin's performance is being boosted by macroeconomic factors, including potential interest rate cuts by the Federal Reserve.