🚀 Bitcoin ($BTC ) Update – May 16, 2025 🚀

💰 Current Price: $103,497

📈 24h Change: +0.17%

🔼 Intraday High: $104,104

🔽 Intraday Low: $101,760

🔹 Market Highlights:

Institutional Optimism: JPMorgan forecasts Bitcoin to outperform gold in H2 2025, driven by increasing corporate investments and growing support from U.S. states .

Adoption Milestone: Steak 'n Shake, a major U.S. restaurant chain, begins accepting Bitcoin payments at all locations starting today .

State-Level Integration: Arizona establishes a Bitcoin and Digital Assets Reserve Fund, becoming the second U.S. state to create such a reserve .

Security Alert: Coinbase experiences a data breach affecting up to 97,000 users, with hackers demanding a $20 million ransom in Bitcoin .

📊 Technical Overview:

Trend: Bitcoin's price action has entered a cooling phase after a sharp rise, forming a narrowing triangle structure with support near $100,800

Market Sentiment: The Fear & Greed Index is at 70, indicating a state of 'Greed' among investors.