Here's the latest Bitcoin (BTC) update:
*Current Price*: Bitcoin is trading at $104,867.34, with a 2.26% decrease in the last 24 hours. Another source indicates the price as $104,712 or $104,741.30, with a slight variation in percentage change.
*Market Capitalization*: The current market cap is around $2.17 trillion to $2.08 trillion, ranking it #1 among cryptocurrencies.
*24-hour Trading Volume*: The trading volume is approximately $51.55 billion to $71.73 billion, with a 32.47% increase.
*Circulating Supply*: There are 19.87 million to 19.88 million BTC coins in circulation, with a maximum supply of 21 million BTC.
*Recent Trends*:
- Bitcoin has shown resilience amid market volatility, with some analysts predicting a potential price surge.
- The cryptocurrency has faced resistance around $110,500 and might correct further.
- Some experts believe Bitcoin could reach new highs, driven by factors like increased adoption and market demand ¹ ² ³.
*Expert Insights*:
- Bitwise Asset Management argues that Bitcoin is undervalued, with a "fair price" of $230,000.
- Michael Saylor expects Bitcoin's price outlook to remain sky-high, despite potential market fluctuations.
- Some analysts predict a potential pullback, while others see Bitcoin's price as poised for a rally ⁴.$BTC