Here's what's new with Bitcoin ¹ ² ³:
- *Current Price*: Bitcoin's current price is around $112,899.1, with a 24-hour trading volume of $818.8 million. Its market capitalization stands at $2.24 trillion.
- *Recent Performance*: Bitcoin's price has moved -1.50% in the last 24 hours and -3.53% in the past 7 days. Over the last year, it has seen a significant increase of 94.73%.
- *Market Trends*: Bitcoin's price surged 10% after President Trump's Crypto Strategic Reserve announcement, with some analysts predicting a potential breakout past $100,000. However, others warn that the rally may be temporary due to regulatory hurdles.
- *Key Levels*: Resistance levels are at $90,000 and $100,000, while support levels are at $80,000 and $83,000.
- *News*:
- *SEC Approves In-Kind Redemptions for Bitcoin and Ethereum ETFs*: The U.S. Securities and Exchange Commission (SEC) has approved in-kind creation and redemption mechanisms for Bitcoin and Ethereum Exchange-Traded Funds (ETFs). This change could profoundly affect market dynamics and investor behavior.
- *Trump Media's $2 Billion Bitcoin Investment*: Trump Media and Technology Group (TMTG) has converted two-thirds of its $3 billion liquid assets into Bitcoin and related assets, totaling $2 billion. An additional $300 million is earmarked for future Bitcoin purchases via options.
- *Bitcoin Adoption*: Square now allows Bitcoin payments via its point-of-sale infrastructure for selected merchants, marking a significant step for real-world crypto adoption.
- *Bitcoin Holdings*: MicroStrategy's Bitcoin accumulation nears 3% of the total supply, with over 628,791 BTC held. Other companies, like Semler Scientific, have also expanded their Bitcoin holdings.
- *Regulatory Developments*: Brazil plans to hold a public hearing on August 20, 2025, to discuss establishing a strategic Bitcoin reserve. The SEC's decision on Bitcoin ETFs could also impact the market.$BTC
