$BTC Bitcoin News

The price of Bitcoin is experiencing continuous fluctuations, having reached $104,303.01 with a rise of 2.71% in the last update. Bitcoin has reclaimed the $105,000 level following Powell's speech¹.

## Latest Developments

- *Strategy Company's Acquisition of Bitcoin*: Strategy Company has acquired 705 Bitcoins for $75 million for the eighth consecutive week.

- *Hong Kong's Entry into the Cryptocurrency Derivatives Market*: Hong Kong plans to enter and invest in the cryptocurrency derivatives market.

- *Bitcoin Price Predictions*: Some analyses predict that the price of Bitcoin will reach $120,000, while others see a possibility for the price to drop below $100,000²¹.

## Market Effects

- *Decline in Altcoin Prices*: Altcoin prices have lost some of their value as the price of Bitcoin dropped below the $105,000 level.

- *Impact of Trump and Musk's Statements*: The statements from Trump and Musk have affected the cryptocurrency market, leading to a liquidation of $831 million²³.$BTC