Here's the latest information on Bitcoin (BTC):

*Current Price:* $113,992.92

*Market Cap:* $2.28 trillion

*Percent Change:* -0.52% in the last 24 hours

*Recent News:*

- *Institutional Investment:* The State of Michigan Retirement System has nearly tripled its Bitcoin ETF holdings, signaling rising institutional confidence in digital assets.

- *Bitcoin Reserves:* A bill to create a BTC reserve is being considered in Brazil's House of Representatives, which could require Senate approval before being signed into law or vetoed.

- *Mining Pivot:* Chinese company Cango mined 450 BTC in July, three months after pivoting to full Bitcoin mining.

*Market Trends:*

- *Derivatives Volume:* Crypto derivatives volumes surged across major exchanges last month, with Binance leading at $2.55 trillion.

- *Altcoin Performance:* The performance of altcoins suggests "rapid derisking across the high-beta segments" of the crypto market.

- *Bitcoin Prediction:* Fundstrat managing partner Tom Lee predicts Bitcoin could hit $1 million "over time" and isn't ruling out $250,000 for 2025 ¹.

*Top Bitcoin Addresses:*

- *Binance Cold Wallet:* Holds 248,598 BTC ($28.27 billion)

- *Robinhood Cold Wallet:* Holds 140,575 BTC ($15.98 billion)

- *Bitfinex Cold Wallet:* Holds 130,010 BTC ($14.78 billion) ²