📈 Bitcoin Update – May 26, 2025
Bitcoin $BTC is trading around $110,000, approaching its all-time high of $110,700 reached earlier this month.
Key Developments:
Price Fluctuations: BTC briefly dipped below $107,500 following renewed tariff concerns from the Trump administration.
Institutional Adoption: JPMorgan Chase announced it will include Bitcoin holdings on client statements, signaling growing institutional acceptance.
Business Insider
Global Initiatives: Pakistan allocated 2,000 megawatts of electricity to support Bitcoin mining and AI data centers, aiming to utilize surplus energy and attract foreign investment.
Reuters
State-Level Moves: The Texas House passed a bill to establish a strategic Bitcoin reserve, positioning the state as a leader in financial innovation.
Chron
Analyst Insights:
On-chain analyst Willy Woo predicts that once Bitcoin surpasses its all-time high, it could rapidly surge to $118,000.
Stay informed and monitor market movements closely.
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