$BTC
Here's the latest Bitcoin news:
# Market Updates
- Bitcoin's price has slipped 6.68% from its all-time high of $109,588, closing at $102,260, following Donald Trump's inauguration speech, which didn't mention Bitcoin ¹.
- The global crypto market capitalization reached a new all-time high of $3.7 trillion on Trump's inauguration day ¹.
- Bitcoin's price is consolidating losses below the $95,500 zone, showing bearish signs and struggling to recover above $100,000 ².
# Predictions and Forecasts
- Some analysts predict Bitcoin may reach $140,000 or $67,000 due to its challenging start to 2025 ².
- Jeremie Davinci forecasts Bitcoin could attain $350,000 ².
- Ethereum's price might surge to $7,000 ².
# Regulatory Developments
- Donald Trump selected pro-crypto Mark Uyeda as the new acting Securities & Exchange Commission Chair ¹.
- Ripple's XRP saw increased buying pressure after Trump's announcement ¹.
# Other News
- Bitcoin miners face tough choices due to selling pressure ².
- Ethereum Spot ETFs experienced $186 million outflows ².
- Aave (AAVE) suffered a significant price drop ².
