#ShareYourThoughtOnBTC @TraderRaza
@TraderRaza 👈Follow for more updates
As of December 14, 2024, Bitcoin (BTC) is trading at $101,454, reflecting a 1.42% increase over the past 24 hours.
Recent Developments:
Institutional Interest: BlackRock has advised investors to consider allocating up to 2% of their portfolios to Bitcoin, citing its low correlation with other major asset classes.
Regulatory Environment: El Salvador faces pressure from the International Monetary Fund to amend its Bitcoin Law, which could impact the country's adoption of the cryptocurrency.
Market Performance: Bitcoin recently surpassed the $100,000 mark, driven by expectations of a more favorable regulatory environment and increased institutional investment.
Analyst Perspectives:
Historical trends suggest that Bitcoin could reach approximately $150,000 in 2025, considering factors like post-halving cycles and market dynamics.
Market Data:
Market Cap: Approximately $2 trillion
Circulating Supply: 19,795,587 BTC
24-Hour Trading Volume: $56.82 billion
*Disclaimer: Cryptocurrency investments carry significant risk. Conduct thorough research and consult financial advisors before making investment decisions.*
