$BTC Bitcoin (BTC) is currently trading at $91,356.37, showing a 1.47% increase over the last 24 hours. The market cap stands at $1.82 trillion, and the 24-hour trading volume is $26.71 billion.
The cryptocurrency's price surge is driven by geopolitical developments in Venezuela and increased risk appetite. Analysts predict a potential price increase if it breaks above $94,000 resistance .
*Key Factors Influencing Bitcoin's Price:*
- _Institutional Adoption_: Growing interest from pension funds and 401(k) providers, with some allocating 2-5% to Bitcoin ETFs.
- _Regulatory Clarity_: Approval of spot Bitcoin ETFs and clear compliance guidelines.
- _Macroeconomic Trends_: Federal Reserve's rate-cutting cycle and global liquidity expansion.
- _Supply Constraints_: Reduced mining rewards and limited new supply .
*Price Predictions:*
- $93,937 by February 3, 2026, with a potential range of $74,425 to $105,000.
- Some analysts forecast $150,000-$200,000 by late 2026, driven by institutional demand and macroeconomic tailwinds.