BTC latest Update
*Current Price*: Bitcoin is trading at around $107,453.72, with a 1.31% increase in the last 24 hours. However, other sources report slightly different prices, such as $107,777.7, $107,690.2, or $107,410.24, likely due to varying market data feeds.
*Market Capitalization*: The current market cap stands at approximately $2.14 trillion, making it the largest cryptocurrency by market capitalization.
*Recent Trends*: Bitcoin has shown a strong bullish trend, surging above $107,000 and rising over 5% in just two days. Some analysts predict a potential dip to the $97K-$98K zone before a breakout, while others forecast a midterm target of $130K.
*Key Resistance Levels*: A confirmed breakout above the $108K resistance is crucial for further growth, with potential targets at higher levels.
*News and Developments*:
- *Japan's Crypto Reform*: Japan proposes allowing Bitcoin ETFs and reducing crypto taxes to boost the market.
- *Metaplanet's Bitcoin Investment*: Metaplanet plans to inject $5 billion into its US subsidiary for further Bitcoin investments.
- *Arizona Legislature*: The Arizona Legislature passes a bill to create a Bitcoin-forfeiture reserve, awaiting the governor's approval .
