Here's the latest Bitcoin update:
*Current Price:* $110,107.34 (up 2.88% from the previous close)
*Market Cap:* $2.14 trillion
*Recent News:*
- Bitcoin has been making headlines with its recent price surge, reaching new all-time highs above $111,000 and showing strong bullish momentum.
- Pakistan has allocated 2,000 megawatts of surplus electricity for Bitcoin mining and AI infrastructure to attract foreign investment.
- DDC Enterprise has started a bold Bitcoin strategy with an initial purchase of 21 BTC, planning to buy 5,000 Bitcoin over the next three years.
- Some analysts predict Bitcoin could reach $125,000 by the end of Q2 or even $200,000 by year-end, while others warn of potential price corrections.
*Market Trends:*
- Bitcoin's upward trend is showing signs of fragility, with some traders expecting support retests and potential price drops.
- However, others see the recent pullback as a normal correction in a bull market, with buying pressure expected to push prices higher.
- Institutional investment in Bitcoin is growing, with $2.75 billion poured into Bitcoin ETFs recently ¹ ² ³.