Here's a Bitcoin (BTC) update:
Current Price and Market Status
- *Current Price*: $103,174.55 (or $103,118.02 according to Finnhub)
- *24-hour Change*: -0.45% to -1.49% (depending on the source)
- *Market Capitalization*: $2.04 trillion to $2.06 trillion
- *24-hour Trading Volume*: $44.86 billion to $46.2 billion
Recent Trends and Predictions
- Bitcoin peaked at $106,000 after a US-China tariff pause but has since dropped 1.2% to $102,399.
- Some analysts predict Bitcoin will reach $120,000 before experiencing a decline to $60,000 in 2026.
- Others expect Bitcoin to revisit the $74,000 level or see a 33% dip to erase leverage before a potential bull run.¹ ²
Additional Insights
- Institutional investors are driving demand, reducing the price gap between Korean and global exchanges.
- Bitcoin's use of renewable energy may help mitigate environmental concerns, with estimates suggesting 40-75% of its energy comes from renewable sources.