$BTC
Market Updates
- Current Price: Bitcoin is trading at $102,621.60, with a 2.78% increase in the last 24 hours, according to Finnhub. Another source indicates it's trading at $104,294.58, with a similar percentage change.
- Market Cap: Bitcoin's market cap stands at $2.08 trillion.
- Recent Trend: Bitcoin has been experiencing profit-taking, especially after reaching near $106,000. Analysts warn of potential short-term corrections but remain bullish on the cryptocurrency's long-term prospects.
Recent Developments
- US-China Trade Deal: The US and China have agreed to a 90-day tariff reduction, which has boosted investor sentiment and led to a surge in Bitcoin's price. However, the gains were short-lived, and Bitcoin's price dropped below $103,000.
- Institutional Demand: Institutional demand for Bitcoin is growing, with Coinbase recording its highest daily outflows of Bitcoin in 2025, worth over $1 billion. This suggests increasing interest from institutional investors and corporations.
- CPI Report: The upcoming US CPI report is expected to bring volatility to the market. A lower CPI might lead to rate cuts, boosting crypto prices, while a higher CPI could lead to market dumps.
Other News
- Gryphon Digital Mining: Gryphon Digital Mining will acquire American Bitcoin in a stock-for-stock transaction, with the combined entity operating under the American Bitcoin brand.
- Metaplanet's Bitcoin Acquisition: Metaplanet has acquired 1,241 Bitcoin, bringing its total holdings to 6,796 BTC.
- Nakamoto Holdings Merger: Nakamoto Holdings has merged with KindlyMD to create a Bitcoin treasury .
