Here's the latest Bitcoin news:

*Current Price*: Bitcoin's current price is $114,440.02, with a slight decrease from its closing price of $115,000 on August 1, 2025.

*Recent News Highlights* ¹ ² ³:

- *SEC Approves In-Kind Redemptions for Bitcoin and Ethereum $ETFs*: The Securities and Exchange Commission has approved in-kind redemptions for Bitcoin and Ethereum $ETFs, a move that could increase investor interest in these assets.

- *Bitcoin Completes Highest Monthly Close in History*: Bitcoin has completed its highest monthly close in history, with some analysts predicting double-digit percentage gains in August.

- *US Trade Tariffs Impact Bitcoin Price*: Fresh US trade tariffs have caused Bitcoin's price to tumble to a three-week low near $114,000.

*Market Trends*:

- *Bitcoin Dominance*: Bitcoin remains the world's leading cryptocurrency, with a growing ecosystem of stakeholders, including miners, traders, and builders.

- *Institutional Interest*: Institutions are increasingly interested in Bitcoin, with some companies like Galaxy Digital and MicroStrategy investing heavily in the asset.

*Expert Predictions*:

- *Bitcoin Price Predictions*: Some analysts predict Bitcoin's price could reach $25 million by 2046, while others foresee potential downturns due to market volatility.

- *Grok Predicts $25 Million*: Elon Musk's Grok AI model predicts Bitcoin will hit $25 million by 2046 ¹.