is trading at $109,528.68, rising 3.69% in the past 24 hours. Its market capitalization now exceeds $2.17 trillion, with a 24-hour trading volume of $59.04 billion. The circulating supply stands at 19.87 million BTC.
Analysts believe BTC’s bullish momentum may push it towards the $112,000 mark if macro conditions stay favorable. Spot ETF inflows and regulatory clarity are being closely watched. James Wynn expressed concern in an X post about excessive leverage in altcoins and a lack of proper Bitcoin . He projected, “Bitcoin’s dominance could rise to record levels before any true altcoin season begins.”
Analyst Jose Antonio Lanz from Decrypt echoed the optimistic sentiment. He noted that Bitcoin’s widening gap between its 50-day and 200-day EMAs confirms bullish momentum. This suggests that the strong $ 100,000 support line may cushion short-term price pullbacks.
The Bitcoin Core team also announced a major update for Core version 30, expected in October. The OP_RETURN limit will be raised from 80 bytes to nearly 4MB, sparking debate within the community about Bitcoin’s role beyond transfer.
