@Binance Customer Support
Bitcoin's latest news is buzzing with exciting developments. Here are some key updates:
Price Movement
- Bitcoin's current price is $86,771.60, with a 2.56% increase in the last 24 hours.
- The cryptocurrency has surged past $94,000, with some analysts predicting an 80% gain, potentially reaching $95,000.
Market Trends
- Bitcoin's decoupling from stocks has boosted its safe-haven appeal amid the US-China trade war.
- The cryptocurrency's price action may make a break for lower levels before challenging sellers at $90,000.
ETF Inflows
- Bitcoin ETFs recorded their highest inflows in three months, with $900 million in inflows in April.
- Cantor Fitzgerald launched a $3 billion venture backed by Softbank and Tether, with plans to invest in Bitcoin ¹ ² ³.
Adoption and Investment
- Michael Saylor's MicroStrategy acquired 6,556 Bitcoin for $555.8 million, bringing their holdings to 538,200 BTC.
- Metaplanet, the world's 10th-largest corporate Bitcoin holder, aims to acquire 21,000 BTC by 2026.
Expert Insights
- Analysts predict Bitcoin's price could rise on the back of ETF inflows, but warn of potential pullbacks due to macroeconomic conditions.
- Some experts believe Bitcoin's strong move increases the likelihood of a rally to $95,000 ⁴ ⁵.
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