#BTC

Current status of Bitcoin (BTC) market:
Current Price and Changes:
* Current Price (Approximate): 1 Bitcoin is traded at around $108,872 at the moment.
* 24-Hour Change: Down by around -0.10%.
* Weekly Change: Up by around 0.86%.
* Monthly Change: Up by around 15.46%.
* Yearly Change: Up by around 59.73%.
* 52-Week High: $111,814 (seen on May 22, 2025).
* Last Month Low: $93,334 (seen on April 30, 2025).
Market Value and Volume:
* Market Value: Around $2.17 trillion.
* 24-Hour Trading Volume: Around $57.37 billion.
Important Developments and News:
* JPMorgan's Approach to the Crypto Market: JPMorgan Chase CEO Jamie Dimon, known for his distant stance against cryptocurrencies, announced that they will allow their customers to purchase Bitcoin. This is considered a positive step towards cryptocurrencies in the institutional field.
* Institutional Purchases Continue: Companies such as MicroStrategy continue to collect Bitcoin. Finally, it was announced that 4,020 more Bitcoins were purchased at an average of $106,237.
* Capital Inflow to Crypto Investment Products: There was a capital inflow of $3.3 billion last week into crypto investment products launched by asset managers such as BlackRock, Fidelity and Grayscale. This shows that institutional interest continues.
* Bitcoin Conference: The Bitcoin 2025 Conference, which will last for three days starting from May 27, is seen as an important catalyst for the sector.
* Market Volatility: Bitcoin, like other crypto assets, still has a highly volatile market. Daily volatility of around 0.77% is expected.
Technical Analysis Notes:
* According to some technical analyzes, the upward trend in Bitcoin continues and there are comments that it may approach $119,000 levels.
* It is stated that it is in a triangle formation in the short term and the direction of the breakout needs to be determined.
In general, it is seen that institutional interest continues in the Bitcoin market and certain news flows affect the price#BTC Hits $110,000