Todays trend of bitcoin$BTC

Here's the latest news about Bitcoin

- *Current Price*: Bitcoin is currently trading at $105,970.58, with a 0.59% increase in the last 24 hours. Its market cap stands at $2.09 trillion.

- *Market Trends*: Despite recent geopolitical and economic shocks, Bitcoin has held firm at around $105,000, indicating investor confidence. However, some analysts predict a possible price crash to $85,000 due to bearish divergence.

- *Institutional Adoption*: BlackRock's iShares Bitcoin Trust ETF (IBIT) has reached $70 billion in assets under management in just 341 days, breaking records. Coinbase has also launched a Bitcoin rewards credit card with American Express.

- *Regulatory Developments*: Connecticut has enacted a new law banning state investment in Bitcoin, while the SEC's approval of Bitcoin-related investments has sparked interest in the market.

- *Industry Insights*: Some experts warn that Bitcoin's core cryptography needs urgent upgrades to protect against potential quantum attacks, which could compromise the trust built over 16 years.

- *Other News*:

- *Bitcoin Depot Inc.* has seen a 0.48% decrease in stock price, currently trading at $6.22.

- *Wrapped Bitcoin* is trading at $105,918.52, with a 0.52% increase.

- *Bitcoin Cash* has increased$BTC

by 3.33%, trading at $450.00.😱😱