#Bitcoin❗ $USDC Bitcoin update
💰 Price & Market Snapshot
Price: Bitcoin has been trading in a range, recently seen around the $90,000 to $93,000 mark.
One source indicates the price is approximately $92,452.00, showing a movement of about +2.50% in the last 24 hours.
Another index showed the price recently gaining 2.53% to reach $93,105.59.
Circulating Supply: Approximately 19,878,709 BTC.
Market Cap: Around $1.837 trillion.
📰 Key Market Drivers & News
FOMC Meeting: The market is highly focused on the outcome of the U.S. Federal Reserve's policy meeting (ending today, December 10th). There is an expectation of a 25-basis-point rate cut, which generally makes non-yielding assets like Bitcoin more attractive. However, caution persists until the official announcement and guidance are released.
Consolidation: Bitcoin has shown signs of consolidation, trading largely within the $90,000–$92,000 range as traders await macro signals.
Corporate Acquisition: Strategy (MSTR) recently acquired another 10,624 BTC between December 1st and December 7th, at an average price near $90,615, reinforcing institutional investment sentiment.
Please remember that cryptocurrency prices are highly volatile and can change rapidly. The figures above are based on the latest searches and may not reflect the absolute minute-by-minute price.