๐ Market Overview :
Price Movement: $BTC is trading around $94,579, experiencing a slight decline of 0.1% over the past 24 hours.
Investor Sentiment: Approximately 88% of $BTC supply is currently in profit, indicating strong investor confidence.
๐๏ธ Institutional and Government Developments :
New Hampshire's Crypto Reserve: New Hampshire has become the first U.S. state to establish a cryptocurrency reserve, allowing up to 5% of public funds to be invested in digital assets like Bitcoin .
Semler Scientific's BTC Acquisition: Medical device company Semler Scientific has added $16.2 million worth of Bitcoin to its holdings, bringing its total BTC treasury to approximately $342 million.
Pearl Fund's $500M Bitcoin Investment: The Pearl Fund has launched a $500 million Bitcoin $BTC investment fund, offering zero capital gains tax after a 10-year holding period through Opportunity Zone benefits.
โ ๏ธ Market Influencers :
Federal Reserve's Upcoming Decision: Investors are closely watching the Federal Reserve's upcoming interest rate decision, which could impact Bitcoins price movement.
Paul Tudor Jones' Market Warning: Billionaire investor Paul Tudor Jones has warned of potential new market lows, even if U.S. tariffs on China are reduced, which could influence Bitcoin's performance.
๐ฎ Notable Predictions :
Binance CEO's Price Forecast: Changpeng Zhao, CEO of Binance, has suggested that Bitcoin could reach between $500,000 and $1 million in the current market cycle, citing factors like institutional adoption and government accumulation.