#TradingStrategyMistakes As of today (July 18, 2025), Bitcoin (BTC) is trading around $118,936, with minor intraday fluctuations—ranging between approximately $117,715 and $120,714.

Here’s what’s driving the market:

Bitcoin recently hit a new record high above $123,000—peaking around $123,120 on July 16, 2025—largely fueled by strong institutional demand and inflows into spot Bitcoin ETFs, particularly products like BlackRock’s IBIT .

Even though it has pulled back slightly from that peak, it's consolidating just below the $120K mark—a healthy sign after a rapid rally .

The recent U.S. House passage of crypto-friendly legislation during “Crypto Week” is supporting the broader crypto sentiment .

Altcoins, especially Ethereum, have also surged—ETH hit around $3,600 – $3,700, with XRP, Solana, and others seeing double-digit gains .

Summary: Bitcoin is cooling off slightly from all-time highs but remains robust near $119K. The combination of ETF-driven capital, positive legislation, and broad crypto market strength keeps the tone bullish.

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