#TariffsPause Bitcoin's current price is $94,361.42, with a market capitalization of $1.86 trillion. The cryptocurrency has seen a significant surge, driven by increased institutional demand and easing trade war fears between the US and China. Here are some key points about Bitcoin's situation:
• Current Price: $94,361.42
• Market Capitalization: $1.86 trillion
• 24-Hour Price Range: $93,870.69 - $95,314.50
• Percent Change: -0.90%
Recent Developments:
• Institutional Investment: US spot Bitcoin ETFs recorded significant inflows, acquiring about 6.3% of their total BTC holdings in three days, with $2.4 billion in inflows.
• Market Predictions: Analysts predict Bitcoin could reach new highs, with some forecasting a price target of $95,000 to $100,000 in the coming months.
• Options Expiry: A significant options expiry event is expected to inject volatility into the market, with 77,642 Bitcoin options contracts set to expire, carrying a notional value of $7.24 billion   .
Market Sentiment:
• Bullish Bets: Traders are showing a bullish bias, with a put-to-call ratio of 0.73, signaling optimism about Bitcoin's price.
• Whale Accumulation: Mega whales and whales are accumulating Bitcoin, indicating structural support for the cryptocurrency .
