Bitcoin recently experienced a sharp correction, dropping to $100,000 after hitting an all-time high of $111,970.17 last week, driven by tariff-related uncertainty from former President Donald Trump’s policies. Despite this, Bitcoin has surged 60% since Trump’s re-election in November 2024, fueled by institutional demand, a post-halving supply crunch, and growing regulatory clarity. Spot Bitcoin ETFs saw over $9 billion in inflows over five weeks, with BlackRock’s iShares Bitcoin Trust leading the charge, while gold-backed funds lost $2.8 billion. Tesla’s Bitcoin holdings, valued at $1.25 billion, reflect Elon Musk’s continued optimism. Trump’s Truth Social filed for a Bitcoin ETF, and his administration established a Strategic Bitcoin Reserve using seized assets. However, analysts like Saifedean Ammous warn of a potential 80% price drop, urging caution. Bitcoin’s market cap exceeds $2.1 trillion, outpacing Amazon and rivaling economies like Brazil. Despite a recent 3% dip, Bitcoin recovered above $102,500, with forecasts suggesting a potential $180,000 by year-end if institutional inflows persist. Regulatory shifts, including China’s crypto ban and U.S. pro-crypto legislation, continue to shape market dynamics.web:4,6,7,15,16,18,19

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