BTC Market Overview
Bitcoin BTC is trading at approximately 113579 USD, showing a slight dip of about 0.3 percent. Intraday, highs reached 113963 USD, while lows dropped to around 112107 USD. Volatility remains low to moderate as price consolidates near its recent trading range.
Key Drivers Behind BTC
In the past few days, spot Bitcoin ETFs have brought in billions in inflows, with institutional whales accumulating large positions. This rally likely pushed BTC past 123000 USD in July before the recent pullback to current levels.
Analysts emphasize that Bitcoin’s value is increasingly driven by