BTC Surges 2.49% to $120,200 Amid Whale Accumulation, UK Bitcoin Sale, and Institutional Inflows
Bitcoin (BTC/USDT) has experienced notable volatility in the past 24 hours, with its price rising by 2.49% to $120,200 on Binance. The price increase is attributed to several key factors: significant accumulation by large investors and whales, heightened trading activity following news of the UK government’s plan to sell approximately $7 billion in seized Bitcoin, and institutional interest reflected in recent corporate treasury purchases and inflows into spot ETFs. Additional market drivers include Elon Musk’s SpaceX transferring over $150 million in BTC and ongoing discussions about potential policy changes and regulatory developments, such as the passage of major crypto bills in the U.S. House of Representatives.
Currently, Bitcoin is trading near its 24-hour high, with a robust trading volume and a market capitalization of approximately $2.38 trillion, maintaining its dominance at 59.13% of the total crypto market. The asset’s circulating supply stands at about 19.9 million BTC, and the 24-hour trading volume has increased significantly, reflecting strong market activity and sustained institutional engagement.
📉 Crypto Market Dips Below $4T – What's Behind the Pullback?
The crypto market slipped 4.6% today, dropping below its recent $4 trillion milestone to $3.99T. Bitcoin ($117,854) and Ethereum ($3,692) saw modest declines, while Dogecoin led losers with a 3.2% drop. Solana defied the trend with a 5.1% surge to $198.97. Analysts point to Bitcoin ETF outflows and growing trade war tensions ahead of August's potential US tariff deadline as key pressure points.
💼 Institutional Shifts Ahead: JPMorgan's reported plans to launch crypto-backed loans in 2024 could signal growing mainstream adoption. Meanwhile, Ledn's CIO predicts this is just the "5th wave" before BTC reaches $136-140K by early 2026. Is this a buying opportunity or warning sign?
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$BNB
American political scene, a digital empire is forming that is unlike its predecessors.
Trump is no longer satisfied with platforms or tweets; he is now investing deep into the digital world, building his power through "Bitcoin" and "blockchain" as some build armies.
With a single stroke, his media group purchased over 2 billion dollars worth of Bitcoin, transforming it into a digital treasury that rivals the strategies of major companies, even surpassing them in audacity.
#TrumpBitcoinEmpire
American political scene, a digital empire is forming that is unlike its predecessors.
Trump is no longer satisfied with platforms or tweets; he is now investing deep into the digital world, building his power through "Bitcoin" and "blockchain" as some build armies.
With a single stroke, his media group purchased over 2 billion dollars worth of Bitcoin, transforming it into a digital treasury that rivals the strategies of major companies, even surpassing them in audacity.
CUSDT Surges 25.96% After Perpetual Futures Launch, High Leverage Fuels Volatility on Major Exchanges
CUSDT experienced a significant 25.96% price increase over the past 24 hours, rising from 0.3005 to 0.3785, primarily driven by heightened trading activity following its recent listings for perpetual futures trading on major exchanges, including Binance and Bitget. The introduction of high-leverage futures contracts (up to 50x on Binance) has contributed to increased volatility and speculative interest, as evidenced by reports of substantial returns from leveraged positions. Despite some inconsistencies in reported market data across platforms, Binance data confirms strong price momentum and active trading, positioning CUSDT as a highly volatile asset in the current market environment.