**$BTC Update**

📈 **Bitcoin Price:** **$104,920.00** (+0.17%)

🔝 **High:** **$105,500.00**

💰 **Market Cap:** **$1.21T**

⚡ **Circulating Supply:** **19,742,396 BTC**

### **Recent Developments:**

- **BlackRock Backs Bitcoin** – The asset management giant suggests allocating **1-2% of traditional portfolios** to BTC.

- **Texas Eyes BTC Reserve** – A new bill proposes creating a **strategic Bitcoin reserve** for the state.

- **Binance Sees Massive Inflows** – The exchange reports **$21.67B in user deposits** so far in 2024.

### **Price Outlook:**

While some analysts predict **Bitcoin could surge to $70K**, citing stablecoin liquidity and macroeconomic factors, others warn of **market volatility and regulatory risks**.

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