$BTC This week, Bitcoin has been a volatile ride. After initially surging past $110,000, nearing its all-time high, BTC has pulled back to around $104,000. This dip is largely attributed to escalating geopolitical tensions from the Israel-Iran conflict and a "risk-off" sentiment across markets, alongside the ongoing "Trump-Musk tussle."

Despite the price correction, institutional interest remains strong. US spot Bitcoin ETFs have seen nearly $1 billion in net inflows this week, with BlackRock's IBIT leading the charge. Analysts remain bullish, with some even forecasting BTC reaching $200,000 in 2025. Regulatory progress in the US and increasing corporate adoption are also positive long-term signs for the cryptocurrency.

This week, Bitcoin has seen significant price swings, initially pushing past $110,000 before dipping back to around $104,000. This pullback is largely due to intensified geopolitical tensions from the Israel-Iran conflict, leading to a "risk-off" sentiment and substantial liquidations across the crypto market.

Despite the volatility, institutional interest remains robust. US spot Bitcoin ETFs recorded strong net inflows, with BlackRock's IBIT leading the charge. Analysts maintain a bullish long-term outlook, with some predicting BTC could reach $200,000 in 2025, driven by continued adoption and regulatory clarity. The market remains highly sensitive to global events.