$BTC

Here's the latest update on Bitcoin ¹ ²:

- *Current Price*: Bitcoin's current price is $105,640.58, with a 0.07% increase.

- *Market Cap*: The market capitalization stands at $2.09 trillion.

- *Recent Trends*: Bitcoin's price consolidation has influenced the broader crypto market, with exchange reserves hitting a 7-year low of 1.19 million BTC. This signals strong long-term holding sentiments and potentially bullish momentum.

- *Price Predictions*: Analysts expect a short-term bearish movement, with potential downside to $100,000 or even $64,000. However, the long-term outlook remains bullish.

- *Adoption*: Metaplanet plans to raise $5.4 billion to buy 210,000 BTC, while JPMorgan has reportedly agreed to accept Bitcoin ETF shares as collateral.

- *Market Sentiment*: Bitcoin traders are eyeing key levels to hold and reclaim into the weekly close, with growing uncertainty about leverage risks and custodian practices.

Some notable developments include ³ ²:

- *Institutional Interest*: Bitcoin is becoming increasingly prominent in corporate boardrooms and political conferences.

- *Regulatory Clarity*: Upcoming US stablecoin rules could catalyze the next phase of price discovery.

- *Community Debates*: The Bitcoin community is divided on transaction relay policy and use cases, particularly surrounding the OP_RETURN debate.