The Bitcoin Prize (BTC) has closed above a crucial psychological barrier around $ 109,000, which has been held since December 2024 to date. The flagship part increased by more than 3.8% in the last 24 hours to reach a new summit of all time (ATH) of around $ 118,885, which was set during the Mid-London session on Friday, July 11.
After the sustained bullish feeling, heavy cryptographic liquidations, for an amount of more than $ 1.2 billion, have been recorded in the last 24 hours. Out of all cryptographic liquidations today, the heated transactions rose to more than a billion dollars, which was around 567 million dollars from the BTC.
As Coinpedia had previously pointed out, the cumulative cumulative exchanges of Bitcoin liquidation entered around $ 112,000 amounted to $ 12 billion. The Bitcoin price jumped over $ 118,000, a short pressure has been triggered and the sellers have now become bullish.
The main reasons why the price of bitcoin has more upgrades
Bitcoin will continue to feel a bullish feeling in the coming months, widely fueled by the rise in demand from institutional investors. For example, the American FNB BTC Spot have recorded the largest entry into cash, or about $ 1.18 billion in recent months.
The Ibit of Blackrock led in the daily net influx, by which it currently has more than $ 80 billion in net cash under management. According to data compiled by Bitcointheries, the strategy and the metaplanet have continued to lead dozens of companies holding BTC in their respective treasury bills.
BTC Price will continue to feel a bullish feeling fueled by the growing global monetary mass. In addition, more countries form alliances to abandon the US dollar, as observed with the Brics movement, weakening the greenback in the middle of its continuous depreciation.
How to exchange summer crypto
During a crypto summer, almost the entire cryptography market experiences a bullish feeling fueled by supported optimism and growth. The rotation of capital occurs from the largest Crypto projects to the smallest by market capitalization.
From the point of view of technical analysis, considering the cryptography tokens occurring, including the same, with immense potential to disturb the web3 space will probably offer higher yields. In addition, the cryptocurrency market has a similar atmosphere in 2025 in the summer of the 2017 crypto, which led to one of the largest bull races ever recorded.
The story is reinforced by the fact that US President Donald Trump reigned in 2017 and is the current leader.
