Here's what's happening with Bitcoin today:
*Market Update*
- Current Price: $117,970.79
- Market Cap: $2.36 trillion
- 24-hour Trading Volume: $38.31 billion
- Recent Price Change: 0.92% increase
*Recent News*
- *Institutional Investment*: Spot Bitcoin ETFs have attracted over $6.6 billion in 12 days, boosting assets under management to $152.4 billion.
- *Bitcoin ETFs*: BlackRock's iShares Bitcoin Trust ETF is nearing $100 billion in assets, with some predictions suggesting it could reach $142,000 due to a bullish Head-and-Shoulders breakout pattern.
- *Partnerships*: Tether and Adecoagro have partnered to transform surplus renewable energy into Bitcoin mining power in Brazil.
- *Regulation*: The US House of Representatives has passed the GENIUS Act, a landmark legislation regulating stablecoins in the United States ¹ ² ³.
*Price Predictions and Trends*
- Bitcoin Bulls Target $133K: Analysts predict a potential breakout above $123,000, with some forecasting a price target of $142,000.
- Bitcoin's Bearish Head and
[20/07, 1:39 am] Meta AI: Here's what's happening with Bitcoin today:
*Market Update*
- Current Price: $117,970.79
- Market Cap: $2.36 trillion
- 24-hour Trading Volume: $38.31 billion
- Recent Price Change: 0.92% increase
*Recent News*
- *Institutional Investment*: Spot Bitcoin ETFs have attracted over $6.6 billion in 12 days, boosting assets under management to $152.4 billion.
- *Bitcoin ETFs*: BlackRock's iShares Bitcoin Trust ETF is nearing $100 billion in assets, with some predictions suggesting it could reach $142,000 due to a bullish Head-and-Shoulders breakout pattern.
- *Partnerships*: Tether and Adecoagro have partnered to transform surplus renewable energy into Bitcoin mining power in Brazil.
- *Regulation*: The US House of Representatives has passed the GENIUS Act, a landmark legislation regulating stablecoins in the United States ¹ ² ³.
*Price Predictions and Trends*
- Bitcoin Bulls Target $133K: Analysts predict a potential breakout above $123,000, with some forecasting a price target of $142
