#BTCvsMarkets
Here's the latest Bitcoin news:
Market Updates
- *Current Price*: Bitcoin's current price is $93,020.01, with a 0.23% increase over the last 24 hours.
- *Market Cap*: The market capitalization of Bitcoin is $1.76 trillion.
- *Recent Rally*: Bitcoin has surged over 10% to retest a key barrier, with some analysts predicting a potential rally to $95,000.¹ ²
ETF News
- *Spot Bitcoin ETFs*: Spot Bitcoin ETFs have seen massive inflows, with some ETFs gobbling up $1.2 billion in just one week.
- *Institutional Demand*: Decreasing Bitcoin exchange inflows and resurgent ETF demand are seen as bullish factors that could push BTC price above $95,000.³
Adoption and Investments
- *Metaplanet's Bitcoin Purchase*: Metaplanet has reached 50% of its goal to accumulate 10,000 BTC by the end of 2025 following its latest purchase.
- *Strategy's Bitcoin Acquisition*: Strategy, formerly known as MicroStrategy, has added 6,556 BTC to its massive Bitcoin stash.
Predictions and Analysis
- *Price Predictions*: Some analysts predict Bitcoin could liquidate a large block of leveraged shorts with a trip above its yearly open, while others warn of potential rejection.
- *Long-term Holders*: Bitcoin long-term holders held steady as BTC price responded to multiple narrative catalysts during a "fairly normal" 30% correction.