Overview of Bitcoin Performance
Current Price: Approximately $101,300.
Highest Price in 24 Hours: Reached $101,750.
Lowest Price in 24 Hours: Recorded $96,092.
Daily Trading Volume: Exceeded $61 billion.
Market Capitalization: Exceeded $2 trillion.
Percentage Increase in 24 Hours: Approximately **5%**.
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📈 Factors Influencing the Rise
1. Monetary Stability in the United States: The Federal Reserve's decision to not raise interest rates, while signaling risks of inflation and unemployment, has enhanced Bitcoin's appeal as a hedge against inflation.
2. Investment Flows into Bitcoin Exchange-Traded Funds (ETFs): Bitcoin ETFs saw investment flows of $5.3 billion over the past three weeks, contributing to the demand for Bitcoin.
3. Improved Sentiment in the Cryptocurrency Market: Optimism regarding U.S. trade negotiations and their positive impact on financial markets supported the rise of Bitcoin.
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🔮 Future Predictions
Technical analysis shows that Bitcoin holds strong support levels on long time frames, indicating the potential for continued upward trends. Some analysts predict the price will reach $120,000 in the second quarter of 2025, supported by ongoing investment flows and positive market momentum.
