Latest Bitcoin Market Highlights

Current Price: Around $119,475 USD, reflecting a slight dip of approximately 0.12%, with intraday fluctuations between $118,249 and $119,988.

Other sources confirm similar figures, with CoinMarketCap reporting a live price close to $119,889 USD, and a market cap of about $2.386 trillion. CoinMarketCapBinance

Coingecko notes a minor 0.01% drop today, alongside a 5.7% weekly gain. CoinGecko

What's in the News Today

Technical analysis points to $120,000 as a key resistance level; breaking above may push Bitcoin toward fresh highs near $123,000. If that fails, support stands near $117,500. icobench.com

Reports show a modest pullback: Bitcoin declined about 0.8% to $119,237, likely influenced by stronger-than-expected U.S. inflation data. The 3.1% core inflation figure may dampen rate-cut expectations, which in turn tempers crypto appetite. Barron's

Context & Trends

ETF Momentum: The introduction of spot Bitcoin ETFs in late 2024 spurred significant institutional demand—propelling BTC to new highs. Wikipedia+1

Broader Crypto Rally: Ethereum and other altcoins are seeing strong moves—though Bitcoin remains the anchor amid increasing ETF inflows and optimism in longer-term institutional adoption.

Summary

Bitcoin is trading just shy of $120K, with slight downward movement influenced by macroeconomic data. Watch the $120K resistance closely—it could set the stage for another bullish push if broken. Otherwise, support at $117.5K may offer a floor.