📈 Featured news of the day

1. Bitcoin reaches new all-time high

The price of Bitcoin surpassed $118,000, setting a new record for the second consecutive day thanks to strong institutional inflows.

The rally is driven by the demand for Bitcoin ETFs, expectations of interest rate cuts by the Federal Reserve in September, and positive regulatory signals.

2. Strong institutional accumulation

Large investors are "drying up liquidity" on exchanges, with continuous accumulation and daily closes above $113,000 avoiding significant pullbacks.

It is estimated that over $1 billion in short positions were liquidated, affecting around 237,000 traders, marking one of the largest liquidations of the year.

3. Favorable regulatory factors

The Trump administration continues to implement cryptocurrency-friendly regulations: including an executive order from March 2025 to create a Strategic Bitcoin Reserve, and three key legislative projects pending in the House of Representatives (Genius Act, Clarity Act, and Anti-CBDC Surveillance Act).

This has generated regulatory optimism that is boosting market confidence.

4. Expectations of even higher prices

Analysts project that Bitcoin could reach between $145,000–$150,000 by the end of the year, and an ambitious forecast of $500,000 by 2030 is even mentioned, supported by ongoing institutional adoption.

$BTC

#BTC

@Binance Square Official