Today, Bitcoin traded at $118,438, with a market capitalization of $2.36 trillion and a 24-hour trading volume of $53.99 billion. The leading cryptocurrency registered an intraday price range between $117,422 and $119,197, reflecting continued consolidation near historical highs.
The U.S. government holds $24 billion worth of Bitcoin, the U.K. holds $7 billion, and Bhutan holds $1.3 billion, according to blockchain analytics firm Arkham, which conducted a wallet-linking investigation. However, the lack of official data on crypto reserves means these estimates may be far from the real numbers.
MARA Holdings Inc., the largest bitcoin miner by asset size, plans to sell $850 million worth of zero-coupon convertible bonds maturing in 2032. A portion of the proceeds will be allocated to purchasing bitcoins.
Bitcoin fell below $118,000 on Thursday amid profit-taking and large-scale fund movements. Traders remain cautious ahead of the White House’s upcoming cryptocurrency policy report, expected later this month, and assess emerging regulatory frameworks.
According to an expert, a true altcoin season is unlikely in the near future: the market is oversaturated, and the number of tokens has surpassed 43 million. The excessive number of projects leads to the dilution of investment fund capital, hindering overall growth.
Miners now have less than 6% of all bitcoins left to mine. Out of the total 21 million BTC supply, 19.9 million coins have already been created — nearly 95% of the total.
Elon Musk’s aerospace company, SpaceX, has accessed its crypto holdings for the first time in three years. According to Arkham Intelligence, a wallet linked to SpaceX — “15oKQ…7Jf1G” — transferred 1,308 BTC (worth around $150 million) to a new address “bc1q8…hartf.”
New Hampshire, Arizona, and Texas have already passed legislation to create bitcoin reserves. Meanwhile, similar initiatives were rejected in Pennsylvania, Montana, North Dakota, South Dakota, and Wyoming. In 17 other states, similar bills are still under review
Between July 14 and 18, Bitcoin inflows to exchanges surged by $17 billion — from $28 billion to $45 billion. A similar increase was observed during previous price peaks of the leading cryptocurrency. Back then, over several weeks, BTC worth $75 billion flowed into crypto exchanges, which eventually marked the start of a consolidation phase, CryptoQuant analysts recalled.
Bitcoin fell on Tuesday, leading a broader decline in cryptocurrency prices as the sector saw profit-taking after a stellar rally over the past two weeks.
According to Coinmarketcap, altcoin season has begun, with 75% of the top 100 tokens outperforming Bitcoin in growth dynamics over the past three months.
Trump Media and Technology Group Corp. (Nasdaq, New York Texas: DJT) announced today that the company has accumulated approximately $2 billion in Bitcoin and Bitcoin-related securities as part of its previously announced Bitcoin treasury strategy.
The UK Home Office plans to sell Bitcoin worth a massive $7.2 billion to help plug the budget deficit.
Bitcoin climbed above $120,000 during Asian trading on Friday, heading for its fourth consecutive week of gains after the US House of Representatives passed three bills aimed at improving the regulatory framework for cryptocurrencies.
According to two artificial intelligence (AI) models, Bitcoin (BTC) is expected to trade around $130,000 at the beginning of August, driven by steady institutional demand and favorable macroeconomic conditions.
The advisor to the President of El Salvador believes that US attempts to integrate Bitcoin into the state financial system could undermine the decentralized nature of the asset. According to Max Keiser, pressure from authorities and potential crackdowns by regulatory agencies threaten the independent existence of the first cryptocurrency, and it could disappear from open access.
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