#AbuDhabiStablecoin Bitcoin's current situation is quite dynamic. Here's a breakdown :

• Current Price: $94,707.60

• Market Capitalization: $1.88 trillion

• Percent Change: 0.10%

Market Trends

Bitcoin's price has been fluctuating, with a recent surge above $95,000. Some analysts predict it could reach $100,000 soon, driven by factors like  :

• Institutional Demand: US spot Bitcoin ETFs recorded significant inflows, indicating growing interest in Bitcoin.

• Whale Accumulation: Large investors, known as "whales," are accumulating Bitcoin, signaling confidence in its potential.

• Safe-Haven Asset: Bitcoin's performance is decoupling from traditional assets, making it an attractive option for investors seeking safe-havens.

Options Expiry and Volatility

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. This could lead to sharp price swings .

Key Factors to Watch

• Global Trade Risks: Escalating US-China trade tensions could impact risk sentiment and weigh on Bitcoin's price.

• Macroeconomic Indicators: US labor market and inflation data will influence the Fed rate path, potentially boosting or hindering Bitcoin demand.