$BTC
Bitcoin's current price is around $122,290.21, with a 1.96% increase in the last 24 hours. Its market capitalization is approximately $2.42 trillion, and the 24-hour trading volume is around $73.83 billion.
*Key Statistics:*
- *Current Price*: $122,290.21
- *24-hour Change*: 1.96% increase
- *Market Capitalization*: $2.42 trillion
- *24-hour Trading Volume*: $73.83 billion
- *Circulating Supply*: 19,905,281 BTC
- *All-time High*: $123,000 (recently reached a new ATH)
*Price Predictions:*
- *Short-term*: Bitcoin is expected to trade within a range of $117,703.23 to $121,727.99 in the next 24 hours
- *Medium-term*: Analysts predict Bitcoin could reach $180,000 to $200,000 by the end of 2025, driven by ETF demand and growing institutional adoption
- *Long-term*: Some analysts forecast Bitcoin could hit $1 million by 2030, citing increasing adoption and its role as a store of value
*Market Sentiment:*
- *Fear & Greed Index*: 68 (Greed), indicating a bullish market sentiment
- *Institutional Demand*: Strong inflows into Bitcoin ETFs, with $1.9 billion in early January 2025, creating a supply-demand imbalance ¹ ²$BTC
