$BTC Here’s the latest information on Bitcoin ($BTC) as of **July 12, 2025**:

### **Current Bitcoin Price & Market Performance**

- **Price:** $117,826.32 (up 0.15% in the last 24 hours) .

- **All-Time High:** Bitcoin recently hit a record high of **$118,909**, with strong institutional demand driving the rally .

- **Market Cap:** ~$18.42 trillion HKD (approx. $2.36 trillion USD) .

- **24H Trading Volume:** $64.41 billion .

### **Key Drivers of Bitcoin’s Rally**

1. **Institutional Demand**

- Bitcoin is increasingly seen as a **macro hedge** amid geopolitical tensions and monetary policy uncertainty .

- **Spot Bitcoin ETFs** have seen massive inflows, with two recent days surpassing **$1 billion** in daily inflows .

- Major firms like **MicroStrategy** continue accumulating BTC, reinforcing its scarcity narrative .

2. **Regulatory & Political Support**

- The **U.S. Congress** is set to debate key crypto bills, including the **GENIUS Act** (supporting stablecoins) and the **CBDC Anti-Surveillance State Act** .

- The **Trump administration** has taken a **pro-crypto stance**, including appointing crypto-friendly regulators .

3. **Market Structure Shift**

- Unlike past speculative rallies, this surge is backed by **long-term institutional players** .

- **OTC desks and custodians** (e.g., Fidelity, Anchorage) are tightening spreads, indicating deeper liquidity .

### **Price Predictions & Resistance Levels**

- Analysts suggest that if Bitcoin breaks above **$120,000 decisively**, it could target **$130,000** next .

- Some **options traders** are even eyeing **$150,000** amid bullish sentiment .

### **Altcoin Performance (Linked to BTC Rally)**

- **Ethereum (ETH):** Briefly crossed **$3,000**, up **17%** weekly .

- **Solana (SOL):** Gained **11%**, now trading around **$163** .

- **Dogecoin (DOGE):** Surged **23%** due to retail interest .

- **XRP:** Jumped **25%** amid whale activity and regulatory optimism .