$BTC - Last 48 hrs

In the last 48 hours, Bitcoin (BTC) has shown notable volatility, influenced by macroeconomic factors and significant corporate movements. The current price of Bitcoin is approximately $102,732 USD, with a variation of -1.54% compared to the previous close.

Factors Influencing the Market

📊 Trade Agreement between the U.S. and China

The announcement of a temporary reduction in tariffs between both nations generated optimism in the markets, initially boosting the price of Bitcoin. This underscores how global trade tensions can directly influence cryptocurrency markets.

💰 Significant Purchase by Strategy

The company Strategy, led by Michael Saylor, acquired 13,390 BTC for a value of $1.34 billion, raising its total holdings to 568,840 BTC. This move reinforces the narrative of Bitcoin as a store of value for large institutions.

🏢 IPO of American Bitcoin

The miner Hut 8 announced that its subsidiary, American Bitcoin, backed by Eric Trump, will go public through a merger with Gryphon Digital Mining, which could attract greater institutional attention to the sector.

Outlook and Conclusion

Although Bitcoin showed upward momentum following these positive news, rapid profit-taking and uncertainty about the duration of the trade agreement have limited its rise toward new all-time highs. Resistance around $109,000 USD remains a challenge, and investors remain cautious about potential changes in global economic policies.