📈 Bitcoin ($BTC) Market Update – July 12, 2025
Bitcoin is currently trading around $117,668, with a 24-hour trading volume exceeding $59.37 billion and a total market capitalization of approximately $2.34 trillion.
🔸 Price Overview
24h Change: +0.9%
Daily High / Low: $118,667 / $116,508
Bitcoin has maintained upward momentum, breaking through minor resistance at $102,900, a sign of continued bullish sentiment. Analysts are forecasting a potential rally beyond $140,000, with strong technical support seen at $103,200, $102,250, and $102,000. Resistance is anticipated at $105,000, $107,000, and $108,350.
🔸 Key Developments
Animoca Brands is set to allocate up to $100 million in Bitcoin to DDC for yield optimization strategies.
Bitcoin Treasury Capital has increased its holdings by 4.4 BTC, bringing their total reserves to approximately 152 BTC.
Regulatory Note: The application for a virtual asset trading license by Bitcoin World Hong Kong has been officially withdrawn.
🔸 Market Observations
Some platforms report slight variations in Bitcoin’s price, ranging from $117,580 to $117,844, reflecting differences in data sources and exchange feeds.
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📊 Disclaimer: This is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment