$BTC The price of Bitcoin is currently $102,034.01, with a slight decrease of 1.33% over the past 24 hours. The market capitalization of Bitcoin is approximately $2.06 trillion.
*Top news about Bitcoin:*
- *Market volatility*: Bitcoin fell on Wednesday, continuing its recent losses, as improved risk appetite in the markets failed to stimulate any notable buying in the cryptocurrency markets.
- *Analysts' predictions*: Analysts expect the price of Bitcoin to reach $120,000 by 2025, while Cathie Wood predicts it could reach $1.2 million by 2030.
- *Using Bitcoin as collateral*: JP Morgan announced that it will allow institutional clients to use Bitcoin and Ethereum as collateral for credit lines and loans.
- *Investment fund flows*: Bitcoin exchange-traded funds saw inflows of $240 million, indicating a return of institutional demand for Bitcoin ¹ ² ³.
*Market analysis:*
- *Potential rise*: If institutional demand continues and market conditions remain favorable, the price of Bitcoin could rise to new levels.
- *Market concerns*: Trade tensions between the United States and China could affect the price of Bitcoin, with the potential for a significant correction ⁴.
