$BTC

📊 Market & Price Highlights

New all‑time highs: Bitcoin surged past $116,800–$118,800 in early July, driven by strong institutional ETF inflows, on‑chain activity, and expectations of U.S. Fed rate cuts .

Power‑law forecast: Some analysts predict Bitcoin may hit $200K–$300K by December, following a “power-law” growth pattern, bolstered by dollar weakness and ETF capital .

Institutional interest & record inflows: U.S. spot‑Bitcoin ETFs recorded back‑to‑back days with $1 billion+ inflows, helping BTC breach new highs .

Short‑term volatility: Around July 11–12, price fluctuated between $116,600–$118,200, consolidating with clear support near $116.7K and resistance near $118.2K .

Altcoin strength: Altcoins have surged significantly while Bitcoin dipped only slightly in dominance, signaling fresh capital entering the broader crypto market .