$BTC

Here's the latest Bitcoin update:

Current Price and Market Status

- *Current Price*: $105,564 (up 1.04% from the previous close)

- *Market Cap*: $2.09 trillion

- *24-hour High*: $106,128.57

- *24-hour Low*: $104,300

Recent News and Developments

- *Coinbase Launches Bitcoin Rewards Credit Card*: Coinbase has partnered with American Express to launch a Bitcoin rewards credit card, allowing users to earn Bitcoin rewards on their purchases.

- *BlackRock's IBIT Breaks Records*: BlackRock's Bitcoin ETF, IBIT, has reached $70 billion in assets under management, breaking records and demonstrating growing institutional interest in Bitcoin.

- *Connecticut Bans State Investment in Bitcoin*: Connecticut has enacted a new law banning state investment in Bitcoin, citing concerns about the cryptocurrency's volatility and potential risks ¹.

Market Trends and Predictions

- *Bitcoin Holds Firm Above $100,000*: Despite recent geopolitical tensions and market volatility, Bitcoin has maintained its price above $100,000, demonstrating its resilience and investor confidence.

- *Analysts Predict $150,000 Target*: Some analysts predict that Bitcoin could reach $150,000 in the near future, citing its strong fundamentals and growing adoption ².