Here's the latest Bitcoin update:

*Current Price*: Bitcoin is currently trading at $117,638, with a 1.25% increase in the last 24 hours. Its market cap stands at $2.34 trillion.

*Recent Performance*: After reaching an all-time high of $123,091.61 on July 14, 2025, Bitcoin's price declined to $116,000 but has since shown resilience and stability.

*Market Trends*: Analysts are eyeing potential targets of $135,000 and $145,000 in the short term. However, some predict a possible dip to $115,000, which could impact the altcoin season.

*Regulatory Updates*: The passage of the GENIUS Act has brought renewed investor interest to cryptocurrencies, with the bill aiming to regulate stablecoins. The CLARITY Act defines digital assets as securities or commodities, providing clarity on regulatory oversight ¹ ².

*Investor Sentiment*: Despite market fluctuations, investor optimism remains strong, with many expecting Bitcoin to continue its upward trend. Institutional interest is also growing, with some analysts predicting Ether could outperform Bitcoin in the next three to six months$BTC