<ul data-eligibleForWebStory="true"><li>Bitcoin (BTC) is trading above $107,700, up 1.4%, with a potential rally towards $110k amidst bullish sentiment driven by institutional interest and positive regulatory news.</li><li>Institutional enthusiasm and regulatory developments, such as the US Federal Housing order enabling Bitcoin use for mortgages, are factors fueling the positive sentiment around BTC.</li><li>Key stakeholders in the industry see BTC as a hedge against inflation and currency devaluation, with analysts predicting a potential retest of $108k and a further climb towards $110k.</li><li>With rising open interest, a positive funding rate, and institutional buying signals, BTC's upward momentum is supported despite geopolitical tensions and macroeconomic concerns.</li></ul>

Bitcoin price prediction: BTC eyes $110K rally amid major regulatory news

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