Bitcoin records it's highest monthly close in history
at $115644 despite 2% dip.
Bitcoin ended last July at $115644, its highest monthly close in history.
Bitcoin's all-time high monthly close despite notable whale movements in July shows its resilience.
Bitcoin ended July at a price of $115644 recording its highest monthly close in its 16- year history.Thus the world's largest cryptocurrency dropped 2.34% in the past 24 hours.
Bitcoin closing up the month at an all time high of [$115644] is more than just a headline figure, it's a reflection of the market's resilience and growth maturity.
The bitcoin price held steady despite significant whale movements in July including the 80000 BTC move to galaxy Digital and subsequent sale.The sale momentarily caused the cryptocurrency to drop 4%, but the market quickly absorbed the impact and led bitcoin to a rebound .
That level of recovery shows there's now a solid foundation ready to step in, underscoring confidence in Bitcoin as an asset. Bitcoin is holding its ground in the face of macro uncertainty and increased institutional involvement .
Meanwhile bitcoin currently in a 2% dip, may face further profit taking as investors look to macroeconomic factors including the federal reserve, Trump's future tariffs plans and ETF flows.
