The price of Bitcoin (BTC) is currently about $99,177, which is an increase of $164 (0.17%) compared to the previous closing.

Over the past 24 hours, the price of Bitcoin has fluctuated from a low of $98,616 to a high of $100,725.
This growth is caused by several main factors:
1. Low inflation in the United States: According to the report, inflation in the United States is decreasing, which reinforces expectations that the Federal Reserve (Fed) will continue its easy monetary policy. This prompts investors to seek alternative assets, such as Bitcoin, to preserve value.
2. Limited Bitcoin Supply: The total maximum supply is 21 million BTC, of which over 90% has already been mined. This rarity creates pressure on price growth as demand continues to increase.
3. Participation of ETF Bitcoin funds: Approval and launch of ETF Bitcoin funds with immediate executive action in the US have attracted significant investments from investors, increasing demand and boosting the price of Bitcoin.
Trader veteran Peter Brandt believes that Bitcoin is ready for its next rally and may surpass the $100,000 level. He also sees the recent price correction as a buying opportunity.
However, the cryptocurrency market always experiences significant volatility. Investors should be cautious and carefully monitor macroeconomic and political factors to make appropriate decisions.
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