$BTC Bitcoin (BTC) is a cryptocurrency with a current price of around $107,176.61, showing a 2.40% decrease from its previous price. The market cap stands at approximately $2.17 trillion. Here are some key statistics ¹:
- *Current Price*: $107,176.61
- *Market Cap*: $2.17 trillion
- *24-Hour High*: $110,392.01
- *24-Hour Low*: $106,600.00
- *Percent Change*: -2.40%
Recent trends indicate that Bitcoin's price has been affected by US inflation rates, with a potential recovery predicted. Analysts suggest that if Bitcoin breaks out of the $105,000-$110,000 range, it could reach $200,000 by the end of the year ².
Some notable Bitcoin-related news includes ²:
- GameStop's $1.75 billion offering: GameStop plans to raise funds that could fuel future Bitcoin purchases after stockpiling over $500 million worth of BTC.
- *Institutional investors holding over $20 billion in Bitcoin ETFs*: Investment advisors of high-net-worth individuals are significant buyers of BTC and ETH ETFs.
- *Spot Ethereum ETFs pulling in $240 million*: Analysts attribute the inflows to positive regulatory discussions around DeFi and stablecoins.