Bitcoin's current price is $107,898.07, with a 0.88% increase from its previous close price. Here are some recent news and developments in the Bitcoin world:
*Market Updates*
- *Price Consolidation Expected*: Bitcoin's price is expected to consolidate after short-term traders realized $11.6 billion in profit, and Trump's new tariff announcement spooked the market.
- *Institutional Adoption*: Rising institutional adoption, record inflows to spot ETFs, and Bitcoin's strong performance are set to redefine BTC's role in the modern portfolio.
*Investments and Partnerships*
- *Blackstone Invests in IBIT*: Blackstone, the world's largest alternative asset manager, has invested in IBIT.
- *JPMorgan Chase to Allow Bitcoin Purchases*: JPMorgan Chase will allow clients to buy Bitcoin, according to CEO Jamie Dimon.
- *Sangha Renewables Launches Solar Mining Farm*: Sangha Renewables is launching a 20MW solar mining farm in Texas.
*Regulatory Developments*
- *Texas Strategic Bitcoin Reserve*: Governor Greg Abbott has hinted at building a strategic Bitcoin reserve in Texas.
- *US Spot Bitcoin ETFs*: US-based spot Bitcoin ETFs recorded a straight week of daily inflows for the first time in four weeks.¹ ²
*Other News*
- *Ledn Moves to Bitcoin-Only Loan Model*: Ledn will no longer lend out client assets to generate yield, opting instead to keep Bitcoin under full custody.
- Crypto Trader's $1.25 Billion Bet: Crypto trader James Wynn has pushed his Hyperliquid Bitcoin long to $1.25 billion using 40x leverage, but suffered a $29M hit following Trump's tariff shock.
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