#BinanceAlphaAlert
As of February 9, 2025, here are the latest developments in the Bitcoin market:
**Bitcoin Price and Market Capitalization**
- Bitcoin is trading above $97,000, maintaining a strong position in the market. citeturn0search1
- The cryptocurrency's market capitalization stands at approximately $1.918 trillion, with Bitcoin's dominance at 61.09%.
**Market Trends and Analysis**
- Bitcoin is establishing a new median around $100,000, according to industry experts. A top mining executive predicts the next major move could see a 40% increase. citeturn0search0
- The global crypto market cap has decreased by 0.48% to $3.2 trillion, indicating a slight contraction in the overall market.
**Institutional Investments**
- Institutional interest in Bitcoin is growing, with over $350 million in ETF inflows, reflecting increased confidence from large investors.
**Market Volatility**
- Bitcoin's recent decline coincides with market uncertainty following President Donald Trump's tariff announcement. The U.S. plans 25% tariffs on Canadian and Mexican imports and 10% on Chinese goods, fueling volatility in both traditional and crypto markets.
**Bitcoin in El Salvador**
- By September 2023, two years after the Bitcoin law went into effect, El Salvador reported that only 1.3% of remittances were transferred using cryptocurrencies, indicating limited adoption. Additionally, the volatile Bitcoin price resulted in El Salvador's Bitcoin investments having lost approximately US$45 million by September 2023.
Please note that cryptocurrency markets are highly volatile, and prices can change rapidly. It's advisable to consult multiple sources and consider the latest data before making investment decisions.