$BTC

Bitcoin (BTC) is trading around 98,475 dollars, with an intraday high of 99,167 dollars and a low of 96,148 dollars.

Recently, the cryptocurrency market experienced a liquidation of 2 billion dollars following the announcement of new tariffs by former President Trump, which caused a 7.5% drop in the price of Bitcoin, bringing it to 91,969 dollars at that time.

Additionally, El Salvador stopped recognizing Bitcoin as legal tender starting January 31, 2025, following a legal reform to meet the requirements of the International Monetary Fund and secure a loan of 1.4 billion dollars.

Despite these events, influential figures like Larry Fink, CEO of BlackRock, remain optimistic about the future of Bitcoin, suggesting that its value could quintuple if large institutional investors enter the market.

In summary, although Bitcoin continues to show volatility, it maintains a prominent position in the cryptocurrency market, and its future will depend on factors such as institutional adoption, regulation, and global economic conditions.