#BTCRebound Here's the latest news about Bitcoin:
Market Updates
- *Current Price*: Bitcoin's current price is $87,594.01, with a 3.45% increase in the last 24 hours. Its market cap stands at $1.68 trillion.
- *Price Prediction*: Analysts predict a steady weekend for crypto valuations, with some expecting Bitcoin to reach $100,000 by May due to technical breakout signals.
- *Potential Correction*: However, others warn of a potential correction to $50,000 if macroeconomic conditions boost global demand for gold ¹ ².
Institutional Investment
- *Accumulation*: Crypto firms and whales continue accumulating Bitcoin, indicating growing institutional interest.
- *Bitcoin ETFs*: Institutional investment and Bitcoin ETFs have accelerated the four-year Bitcoin halving cycle despite global trade war uncertainties ³ ⁴.
Regulatory Environment
- *Bank for International Settlements Warning*: The Bank for International Settlements warns that crypto and stablecoins may destabilize finance and widen inequality, urging stronger regulation.
- *Schwab's Caution*: Schwab remains cautious yet optimistic about the digital asset sector, planning to add spot BTC trading services for its clients ³.
Other Developments
- *Bitcoin Payments*: Over 1,000 Swiss businesses have implemented Bitcoin payments, including Spar shoppers in Zug who can pay for groceries via the Lightning Network.
- *Web3 Fund*: Web3 fund ABCDE halts new investments and fundraising to support existing projects and launch its new crypto incubator, Vernal ² ³.
