Bitcoin is making headlines today with some exciting developments. Here are some of the top news stories:
- *Bitcoin Price*: Bitcoin's price surged to a new all-time high of nearly $112,000, fueled by institutional inflows and dovish signals from the Federal Reserve. Currently, it's trading at around $112,651.88, with a 1.70% increase in the last 24 hours.
- *Institutional Interest*: Growing institutional interest in Bitcoin is evident, with companies like Semler Scientific acquiring more BTC and Bit Digital reallocating its portfolio to Ethereum. Spot Bitcoin ETFs saw inflows of $216.5 million as of July 7.
- *Market Predictions*: Analysts predict Bitcoin could reach $135,000 by September and $200,000 by the end of the year. However, some warn of potential corrections, citing resistance levels around $109,680-$110,400.
- *Partnerships and Investments*: DDC Enterprise announced a $100 million Bitcoin strategic partnership with Animoca Brands to advance corporate Bitcoin treasury. KULR Technology Group reached 750 PH/s in Bitcoin mining operations.
- *Market Trends*: The cryptocurrency market is experiencing slight declines, with Bitcoin hovering near $108,000 and Ethereum around $2,554. Despite this, analysts remain bullish, citing positive global cues and sustained institutional activity.$BTC
