Over the past 24 hours, Bitcoin (BTC) has experienced a modest uptick, with its price increasing by approximately 1.07% to around $105,440. The cryptocurrency's trading range during this period spanned from an intraday low of $103,935 to a high of $105,808. The 24-hour trading volume stood at approximately $35.6 billion, contributing to a market capitalization of about $2.10 trillion.
Despite recent volatility, Bitcoin maintains a strong position above the $100,000 mark, signaling resilience amid market fluctuations. Analysts, including Willy Woo, suggest that while short-term momentum may be waning, long-term indicators remain bullish, potentially setting the stage for future gains .
Institutional interest continues to bolster Bitcoin's outlook. Notably, Strategy CEO Michael Saylor emphasized Bitcoin's accessibility and potential for wealth creation during the Bitcoin 2025 conference, highlighting the company's substantial holdings exceeding $60 billion .
In summary, Bitcoin's recent performance reflects a period of consolidation with underlying bullish sentiment, supported by institutional adoption and positive long-term forecasts.
