$BTC Here are 10 key points about Bitcoin as of today (May 22, 2024):
1. **Current Price**: Bitcoin (BTC) is trading around **$69,000**, showing volatility after recent ETF-driven rallies.
2. **Market Cap**: Dominates with over **$1.36 trillion**, holding ~53% of the total crypto market.
3. **ETF Impact**: Spot Bitcoin ETFs (like BlackRock’s IBIT) continue driving institutional demand.
4. **Halving Aftermath**: The April 2024 halving reduced block rewards to **3.125 BTC**, tightening supply.
5. **Adoption**: Major firms (MicroStrategy, Tesla) hold BTC; El Salvador maintains it as legal tender.
6. **Regulation**: The U.S. SEC remains cautious, approving ETFs but still debating crypto frameworks.
7. **Layer-2 Growth**: Lightning Network usage rises, boosting BTC’s scalability for payments.
8. **Macro Factors**: Fed rate cuts (or hikes) influence BTC’s appeal as a risk asset/inflation hedge.
9. **Competition**: Ethereum ETFs gaining traction, but BTC remains the “digital gold” standard.
10. **Outlook**: Analysts predict $100K+ targets by 2025 amid institutional adoption and supply shocks.
*(Note: Prices/trends may shift rapidly—check live data on CoinGecko or TradingView.)* 🚀