#BitcoinNews
Bitcoin's current price is around $86,771.60, with a 2.56% increase in the last 24 hours. Here are some key news and updates:
Recent Price Movement
- Bitcoin surged past $94,000, triggering $635 million in liquidations in the crypto market.
- The cryptocurrency has risen 15% in April, outperforming the Nasdaq 100, which dropped 4.5% ¹ ².
ETF Inflows
- Bitcoin ETFs recorded their highest inflows in over three months, with $900 million in inflows in April.
- Analysts predict a potential price rise to $200,000 by 2025, driven by continued ETF inflows ¹ ³.
Market Sentiment
- Institutional investors are optimistic about Bitcoin, with companies like Metaplanet aiming to acquire more BTC.
- Michael Saylor's strategy acquired 6,556 Bitcoin for $555.8 million, bringing his total holdings to 538,200 BTC ⁴ ³.
Other Developments
- Bitdeer secured $60 million to expand ASIC production and self-mining as Bitcoin's hashrate hit record highs.
- Elon Musk retained 11,509 Bitcoin while focusing more on Tesla and less on his role as Donald Trump's cost-cutting czar ⁵ ².