$BTC Bitcoin's last 24 hours have seen a notable decline. Here's a breakdown of the key moments:
*Price Movement*
- Current Price: $103,917.63
- Open Price: $107,048.72
- High Price: $108,915.38
- Low Price: $103,396.53
- Change: -3.87% in the last 24 hours
*Market Performance*
- Market Cap: $2.065 trillion
- 24-hour Trading Volume: $58.54 billion
- Circulating Supply: 19.88 million BTC
- Dominance: Bitcoin dominance is at 61.6%, with Ethereum dominance at 9.02%
*Recent Trends*
- Bitcoin's price has been affected by various factors, including the Federal Open Market Committee (FOMC) interest rate decision and speculation about the Supplementary Leverage Ratio (SLR).
- The cryptocurrency market is also influenced by global events, regulatory developments, and market sentiment.
*Other Notable Developments*
- *Bitcoin Mining Cost*: Bitcoin mining costs have surged over 34% amid record hashrate and falling rewards, prompting miners to explore alternative strategies like AI and yield farming.
- *Institutional Investment*: Digital asset funds have seen $1.9 billion in weekly inflows, with BlackRock's Bitcoin ETF (IBIT) being one of the top-performing ETFs.
- *New Initiatives*: Companies like Davis Commodities and The Blockchain Group are investing in Bitcoin, with plans to raise millions for further purchases.
