$BTC

Bitcoin Hits $115K: What’s Driving the Momentum?

Bitcoin has surpassed the $115,000 mark, trading at 115,101 USDT as of August 6, 2025 (UTC), according to Binance Market Data. This represents a 1.89% gain in the past 24 hours — a relatively modest move, but still a noteworthy milestone.

The move may reflect a combination of broader market optimism, declining stablecoin dominance, and increased institutional flows reported earlier this week. However, resistance levels near $116K could limit further upside in the short term.

For traders, this could be a good time to reassess risk levels and watch for confirmation signals before making moves.

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BTC climbs past 115K — a market recap for intermediate traders on what might be driving the move.