$BTC Bitcoin's current price is $103,698.02, with a market cap of $2.08 trillion. Here are some key updates:

Recent Price Movement

- Bitcoin's price has seen a 1.76% increase, with a current price of $103,698.02.

- The cryptocurrency has stabilized around $103,000 after rallying nearly 10% this week, with bulls aiming for $105,000.

- However, Bitcoin's price took an unexpected turn to the downside after the US-China trade deal announcement, despite stocks soaring.¹ ²

Market Outlook

- Analysts predict Bitcoin could reach new highs, potentially surpassing $106,000, driven by positive market sentiment and institutional buying.

- The constructive tone of tariff negotiations removes the risks of "sudden re-escalation," potentially paving the way for risk assets to surpass their January peaks.³ ⁴

Institutional Investment

- *Strategy's Bitcoin Yield*: Achieved a 15.5% yield on Bitcoin, breaking its previous 2025 target.

- *Gryphon Digital Mining's Acquisition*: Will acquire American Bitcoin in a stock-for-stock transaction, with the combined entity operating under the American Bitcoin brand.⁵

Market Analysis

- Bitcoin data suggests potential profit-taking in the $106,000 range is likely to occur before BTC bulls attempt to set new all-time highs.

- The asset manager added a detailed overview of quantum computing threats to the risk disclosure in its Bitcoin ETF's regulatory filing.⁶