Crypto Price Update – August 10, 2025 🚀

Bitcoin ($BTC ) is showing strong momentum in today’s session, climbing above the $118,000 threshold. As of the latest data, BTC is trading between $118,000 and $118,500, reflecting a 1.3%–1.6% gain over the past 24 hours. The day’s trading range has seen a high near $118,655 and a low around $116,468, with market dominance holding above 58%.

Key Market Drivers

Equity Correlation: Economist Henrik Zeberg warns that Bitcoin’s recent surge has been closely tied to Nasdaq performance. Any pullback in equities could trigger a corresponding decline in $BTC .

Social Media Influence: Positive sentiment has been bolstered by recent comments from Elon Musk, which not only lifted Bitcoin but also pushed Dogecoin up by over 8% in a single day.

Volume & Sentiment: Healthy trading volumes and a firm bullish outlook continue to support price stability above $118K.

$BTC Market Snapshot

Metric Value (Approx.)

Current Price $118,000 – $118,500

24h Change +1.3% to +1.6%

Intraday High $118,655

Intraday Low $116,468

Market Dominance >58%

Outlook:

While the current momentum favors the bulls, traders should monitor macroeconomic cues, U.S. equity trends, and influential social media commentary, all of which remain significant short-term drivers for Bitcoin’s price trajectory.

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