#ShareYourThoughtOnBTC $BTC
Current Price: Approximately $118,841 USD — up about 0.72 % from the previous close
24‑hour Volume: Roughly $52–53 billion USD
Market Cap: Estimated around $2.36–2.37 trillion USD with about 19.90 million BTC in circulation (out of 21M maximum)
Bitcoin remains trading a bit below its all-time high, which was hit on July 14, 2025 at about $123,000 USD .
📰 News & Market Sentiment
Analysts point out that Bitcoin is approaching a key resistance zone, surging nearly 4 % from a recent dip below $115,000. This zone may be pivotal in determining whether price momentum continues or reverses .
Predictions suggest that Bitcoin could experience larger price swings in the near future, signaling increased volatility ahead .
CoinDesk and Cointelegraph highlight that Divine Research has rolled out 30,000 unbacked USDC loans using Sam Altman’s World ID for user verification—an innovative (albeit controversial) move in DeFi .
🔍 Notable Highlights and Broader Trends
In June 2025, SpaceX moved over 1,300 BTC (≈ $153 million USD) to a new wallet—marking its first known on‑chain activity in three years. This coincided with Bitcoin reaching its all-time highs, and underscored institutional interest and repositioning .
Meanwhile, the proposed U.S. Strategic Bitcoin Reserve, launched via executive order in March 2025 and funded by seized bitcoin, has sparked global debate but so far drawn limited federal action beyond initial directives .
📊 Overview & What to Watch
Topic Takeaway
Resistance Zone Approaching $119k–$120k—traders watching for breakouts or pullbacks
Volatility Outlook Analysts expect larger swings, signaling both risk and opportunity
Institutional Moves SpaceX wallet activity suggests renewed corporate exposure
Regulatory & Policy U.S. reserve plans are symbolic but under close scrutiny
✅ Summary
Bitcoin trades near $119k, up about 0.7–1 % over 24 hours.
Approaching a technical resistance zone after a recent bounce.
