#BTCtrade đ Market Overview
⢠Current Price: $104,148 USD
⢠24h Change: +$1,133 (+1.1%)
⢠Intraday Range: $103,009 â $104,857 ďżź ďżź
Bitcoin has recently rebounded, outperforming major indices like the S&P 500 and Nasdaq, and even surpassing goldâs 11% rise in April. Analysts project BTC could reach $120,000 in Q2 2025, driven by increasing investor interest amid global economic uncertainties . ďżź
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đď¸ Institutional Developments
⢠Coinbaseâs Acquisition of Deribit: Coinbase announced a $2.9 billion acquisition of Deribit, the worldâs largest crypto options platform, marking its largest deal to date and signaling a strategic push into the crypto derivatives market . ďżź
⢠New Hampshireâs Crypto Reserve: New Hampshire became the first U.S. state to establish a cryptocurrency reserve, allowing up to 5% of public funds to be allocated to major digital assets like Bitcoin, aiming to protect against inflation and financial instability . ďżź
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đď¸ U.S. Federal Initiatives
⢠Strategic Bitcoin Reserve: President Trump signed an executive order in March 2025 to establish a Strategic Bitcoin Reserve, capitalized with approximately 200,000 BTC held by the U.S. Treasury. This move is part of a broader effort to make the U.S. the âcrypto capital of the worldâ . ďżź
⢠Regulatory Changes: Under Trumpâs administration, the SEC has taken a more lenient approach toward the crypto industry, including dismissing lawsuits against major exchanges like Coinbase and Binance, and refraining from regulating memecoins . ďżź
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đ Global Trends
⢠El Salvadorâs Shift: El Salvador, the first country to adopt Bitcoin as legal tender, amended its Bitcoin Law in January 2025 to remove Bitcoinâs status as legal tender, though it still allows its use as payment. This change reflects the challenges faced in integrating Bitcoin into the national economy . ďżź
⢠Mining Expansion and Public Concerns: The rapid expansion of cryptocurrency mining in the U.S., particularly under the pro-crypto
