#Btcupdate🔥🔥🔥 #BTC70K✈️ $BTC
Bitcoin's current price is around $105,513.02, with a 0.76% increase in the last 24 hours. The cryptocurrency has been fluctuating, recently hitting record highs above $111,000 due to optimism surrounding US regulatory clarity and ETF inflows.
Some key factors influencing Bitcoin's price include ¹ ²:
- *Institutional Interest*: Growing adoption and strategic purchases by major investors
- *Regulatory Developments*: Potential changes in US policy, such as the proposed stablecoin bill
- *Market Sentiment*: Improving sentiment and reduced supply contributing to bullish momentum
- *Macroeconomic Factors*: Concerns about inflation and the US dollar's stability
*Recent News:*
- *Record Highs*: $BTC surpassed $110,000 for the first time, driven by US optimism and ETF inflows
- *Market Volatility*: Crypto markets experienced a sell-off due to Trump-Musk tensions, triggering nearly $1 billion in liquidations
- *Adoption*: Metaplanet aims to hold 210,000 Bitcoin by 2027, while Trump Media advances Bitcoin ETF plans with Truth Social Brand
*Price Forecast:*
- Analysts predict potential surges to $118,000 or even $125,000, citing macro tailwinds and post-halving dynamics
- Support levels are seen at $105,200, with resistance at $111,000 ¹
