#FOMCMeeting Here's a Bitcoin update ¹:
- *Current Price:* $106,810.34
- *Market Cap:* $2.10 trillion
- *Recent Price Movement:* Bitcoin's price dropped by 0.18% to $106,810.34, with a 24-hour high of $108,952.38 and a low of $106,115.35
- *Recent Developments:*
- *Institutional Investment:* BlackRock's Bitcoin ETF has achieved significant milestones, with inflows reaching $1.9 billion. Other ETFs, like Fidelity's Wise Origin Bitcoin Fund, have also seen substantial inflows.
- *Adoption:* Ukraine is moving to add Bitcoin to its national reserves, while El Salvador has acquired 240 more Bitcoins.
- *Market Predictions:* Analysts predict Bitcoin could reach $110,000, with some resistance levels to watch out for. Others forecast potential price drops to $82,000 due to bearish signals.
- *Whale Activity:* Strategy acquired 10,100 BTC last week for approximately $1.05 billion, while Metaplanet's Bitcoin holdings crossed 10,000 BTC after a $117 million purchase.
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. These updates are subject to change as new information becomes available.