Price fluctuations: Bitcoin is trading at $91,457, up 2.1% in 24 hours after recently falling below the support level of $88,000.
Technical indicators: Momentum looks bullish as the MACD indicator is positive and the RSI (69.3) approaches overbought territory. The key resistance level is at $90,000.
Factors driving growth: Increased institutional adoption led by companies like BlackRock and Bank of America, as well as improvements in the regulatory environment, are key catalysts.
Market Overview
• The price of Bitcoin is $91,457.87, an increase of 2.1% in 24 hours and 1.28% over 7 days.
• The market capitalization of BTC is approximately $1.82 trillion with a dominance of 58.7%.
• The 24-hour trading volume is approximately $44.05 billion.
• Recent volatility showed price fluctuations between $89,624 and $91,760.
Factors driving growth
• Large institutions, such as BlackRock and Bank of America, are increasing their Bitcoin exposure, with Bank of America allowing its advisors to include BTC in client portfolios.
• The approval of spot Bitcoin ETFs in the US has become a key catalyst, providing a regulated investment tool and improving market clarity.
