Here's the latest Bitcoin news:
*Market Updates*
- Bitcoin's current price is $108,070.42, with a 0.15% decrease from its previous close price.
- The cryptocurrency market is expected to consolidate after short-term traders realized $11.6 billion in profit, and Trump's new tariff announcement spooked the market.
- Analysts predict Bitcoin could reach $110,000 before a $13.8 billion options expiry, but Trump's tariff threats disrupted BTC's bullish momentum.¹ ²
*Institutional Adoption*
- *JPMorgan Chase*: Will allow clients to buy Bitcoin, according to CEO Jamie Dimon.
- *Blackstone*: The world's largest alternative asset manager has invested in IBIT.
- *Sangha Renewables*: Plans to launch 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*: Recorded a straight week of daily inflows for the first time in four weeks.³
*Other News*
- *Ledn*: Has moved to a fully custodied, Bitcoin-only loan model, keeping Bitcoin under full custody.
- *Crypto Trader*: James Wynn has pushed his Hyperliquid Bitcoin long to $1.25 billion using 40x leverage, but suffered a $29 million hit following Trump's tariff shock.#TrumpTariffs #MarketPullback #BTCBreaksATH110K #BinancelaunchpoolHuma #BinanceHODLerHAEDAL $BTC $BNB $ETH