Bitcoin Rallies Amid Institutional Momentum and Supply Constraints
Bitcoin is currently trading around $116K–$117K, buoyed by strong institutional demand and thin exchange liquidity that’s tightening supply . Harvard University disclosed a $116 million stake in BlackRock’s iShares Bitcoin ETF, signaling growing confidence from traditional investors . Meanwhile, the broader crypto market expanded 13.3% in July, propelled by Bitcoin’s surge to $123K and Ethereum’s 50% gain . In comparison, gold continues to outperform Bitcoin as a crisis hedge amid geopolitical unease, though Bitcoin remains on a bullish path thanks to increasing adoption and a U.S. federal reserve initiative$BTC $ETH $XRP #Creatorpab