Bitcoin is a decentralized digital currency that has gained significant attention in the financial world. Here's a snapshot of its current state:
Current Price and Market Cap
- Current Price: Bitcoin's price is around $118,224.96, with a 24-hour trading volume of $838.06 million.
- Market Capitalization: Its market cap is approximately $2.35 trillion, giving it a market dominance of 57.83% ¹.
Recent Price Movements
- 24-hour Change: Bitcoin's price has moved -1.44% in the last 24 hours.
- 7-day Change: It has increased by 0.58% in the past 7 days.
- 30-day Change: The price is up by 12.94% in the past 30 days, and 84.84% over the last year ¹.
Institutional Adoption
- BlackRock's Investment: BlackRock has expanded its Bitcoin portfolio to over $86.2 billion following a $750 million direct BTC acquisition, intensifying its institutional accumulation strategy.
Key Statistics
- Circulating Supply: There are currently 19.89 million Bitcoins in circulation.
- Total Supply: The total supply is capped at 21 million BTC.
- All-Time High: Bitcoin's all-time high price is $122,838 ¹ ².
Market Sentiment
- Neutral Sentiment: The current market sentiment is neutral, with a mix of positive and negative views on Bitcoin's future price movements.
Future Predictions
- Price Predictions: Some analysts predict Bitcoin could reach new highs, potentially exceeding $150,000, driven by institutional accumulation and market trends.$BTC
