Here's what's happening in the world of Bitcoin today¹ ² ³: $BTC
- *Bitcoin Price*: BTC is trading at around $107,642.65, with a slight decrease in value. The cryptocurrency has been consolidating in a narrow range between $105,333 and $108,355.
- *Market Trends*: Public companies have surpassed exchange-traded funds (ETFs) in Bitcoin purchases, acquiring 131,000 BTC. This trend indicates growing institutional interest in Bitcoin.
- *Trump's Spending Bill*: The "One Big Beautiful Bill" is expected to be signed by President Trump, which could potentially trigger a Bitcoin rally. Analysts predict a 40% surge in the next 7 days, citing historical patterns after similar bills were signed in 2020.
- *Bitcoin ETFs*: US-listed spot BTC ETFs recorded an outflow of $342.25 million, breaking a 15-day streak of steady inflows. This could indicate early signs of weakness in institutional demand.
- *Mining and Transactions*: A solo miner successfully mined a Bitcoin block, earning $349,028 in rewards. Bitcoin network volume has been stable, echoing mid-2021 patterns.
- *Price Predictions*: Analysts predict Bitcoin could reach $150,000 if history repeats and institutional demand kicks in. However, some warn of potential price drops, citing bearish divergences and resistance levels.
"To further more, always keep in mind that, cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Stay informed with the latest news and analysis to make well-informed decisions". Cares- Yagiwaves.