$BTC
Bitcoin (BTC) is currently trading around $107,000-$108,000, experiencing a slight decline of about 1-2% in the last 24 hours. This follows an initial surge above $110,000 after cooler-than-expected U.S. CPI data.
Market sentiment for Bitcoin is generally bullish, reaching a seven-month high on social media according to Santiment, with positive comments significantly outweighing negative ones. The Crypto Fear & Greed Index is also in the "greed" zone. However, Google search interest for "Bitcoin" hasn't fully recovered, suggesting retail interest still lags.
Key factors influencing BTC's price include supply/demand, market sentiment, and macroeconomic data like inflation. While institutional adoption continues, the overall market remains sensitive to news and regulatory developments.
