The current situation of Bitcoin
The current spot price of Bitcoin is around $119,928, fluctuating throughout the day between $118,249 and $120,191.
Other sources confirm a similar range — around $120,000 with active trades and massive volumes exceeding $70 billion in 24 hours.
CoinMarketCap
Binance
CoinGecko
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Despite approaching its peak in mid-July (above $123,000), the price has recently declined to around $119,237, stabilizing at these levels.
Barron's
. Factors influencing the market today
1. U.S. inflation data
The rise of the core CPI to 3.1% annually in July — much higher than the Federal Reserve's target of 2% — creates pressure that may delay interest rate cuts and weighs on risky asset prices such as Bitcoin.
Barron's
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The market is awaiting official inflation data (CPI) like “2.8% annually in July”; a high reading could reinforce the continuity of tight monetary policies.
CoinDesk
Cryptonews
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2. Selling pressure and investor activity
Despite reaching levels close to the peak, daily profit-taking remains low — less than $750 million daily, compared to a peak of $2 billion in January and July — indicating the potential for continued upward momentum.
3. Strong legislative and political support
The decision by U.S. President Donald Trump to allow the inclusion of digital currencies in retirement accounts like 401(k) has triggered massive inflows into Bitcoin — around $260 million just in July alone — boosting the positive performance of the currency.
Barron's
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Additionally, the announcement of the establishment of a strategic Bitcoin reserve in the U.S. Treasury, which began in March 2025, supported institutional confidence in Bitcoin as a national cash asset.
Wikipedia
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4. Expansion of the cryptocurrency market and Ethereum
Ethereum (ETH) is experiencing a significant rise — surpassing $4,400, driven by massive accumulations by companies like Bitmine and Sharplink, and expectations for the emergence of Ethereum ETF funds.
Quick summary
InfluencesDetailsHigh inflation scares the markets and delays interest rate cuts, which may pressure prices. Limited profit-taking indicates the continuation of positive momentum from long-term investors. Political and legislative support for the inclusion of Bitcoin in retirement accounts and the strategic Bitcoin reserve supports the market. The rise of Ethereum and the expansion of tokens enhance the sector's appeal and increase investment appetite.$BTC