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Jul 23, 2025
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Bitcoin corrects to around $104,000 after recent record highs, driven by profit-taking and global economic shifts.
Institutional investments, corporate treasury acquisitions, and Bitcoin ETFs continue to support long-term growth.
Regulatory developments, US dollar weakness, and global policy changes remain key drivers of Bitcoin's future price movement.
Bitcoin, the largest cryptocurrency in the world, experienced a price correction today after reaching record highs in recent weeks. Several global and domestic factors are influencing Bitcoin's price movement, including macroeconomic indicators, institutional activities, regulatory developments, and market sentiment.
Bitcoin is trading around $104,144. The price dropped by approximately 1.6% in the last 24 hours. During today's trading session, Bitcoin reached a high of $108,376 and a low of $103,081. In Indian currency, the price of one Bitcoin is around ₹89.84 lakh, which represents a fall of about 2.5% compared to the previous day.
In recent weeks, Bitcoin had climbed close to its all-time high, reaching around $112,000 in late May. However, profit-booking and changing market conditions have led to a pullback, with Bitcoin now trading between $103,000 and $108,000. The short-term trend shows slight weakness as investors react to recent economic news and global events.
Bitcoin saw a huge rally in the first half of 2025, reaching new highs. As prices reached higher levels, many investors started to sell and book profits. This profit-taking led to a natural market correction. In the last 24 hours, Bitcoin dropped nearly $4,000 from its intraday high.
Recent inflation data from the United States showed a slight easing of inflation. While lower inflation is good news for the economy, it has also led to some shifts in financial markets, including cryptocurrencies. Investors reduced their positions in Bitcoin and other digital assets following this data. However, the lower inflation numbers may encourage the Federal Reserve to avoid further interest rate hikes, which could support Bitcoin prices in the long term.
Large financial institutions continue to show interest in Bitcoin through spot Bitcoin exchange-traded funds (ETFs). There have been some outflows from Bitcoin ETFs recently, with around $132 million withdrawn through June 6. However, new investments have also been recorded. For example, BlackRock’s iShares Bitcoin Trust received inflows worth approximately $81 million.
The presence of these ETFs allows large investors and institutions to invest in Bitcoin easily, contributing to greater stability and long-term growth in the market.
Some companies are also increasing their Bitcoin holdings. For instance, Anthony Pompliano plans to raise $750 million through a special acquisition company (SPAC) to buy Bitcoin and invest in the cryptocurrency space. This trend of companies holding Bitcoin in their treasuries has grown steadily over the past two years, signaling growing confidence in Bitcoin as a store of value.
The US dollar has weakened by around 9% so far in 2025. This has pushed many investors to seek alternative stores of value, such as gold and Bitcoin. With growing global economic uncertainties, investors are increasingly diversifying their portfolios to include assets that are not directly linked to traditional currencies or central banks.
Several financial experts remain optimistic about Bitcoin’s future price. Some forecasts suggest that Bitcoin may reach $120,000 to $125,000 by the end of June 2025. Others believe that Bitcoin has the potential to climb towards $150,000 or even $200,000 by the end of the year. Influential investors such as Cathie Wood, Tom Lee, and Anthony Scaramucci believe that rising demand from institutions will help Bitcoin grow in the long term.
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Bitcoin is showing signs of consolidation, with prices holding above key support levels between $104,000 and $105,000. The next resistance level is around $112,000. If Bitcoin breaks above this level, the price may rise towards $120,000. If Bitcoin fails to hold the support level, the price may decline further towards $100,000.
Some price forecast models predict that Bitcoin may rise by around 12% in the near term, potentially reaching $118,641 by early July.
Over 80 companies now hold Bitcoin as part of their treasury assets. This group of companies controls about 3.4% of the total Bitcoin supply. This growing corporate adoption reflects confidence in Bitcoin’s long-term value.
One notable corporate move includes GameStop, which recently purchased around 4,170 Bitcoins, worth approximately $450 million. This has attracted attention and shows how traditional companies are beginning to embrace Bitcoin as part of their financial strategy.
Anthony Pompliano’s newly launched SPAC, ProCapBTC, also plans to acquire Bitcoin using capital raised from investors. This shows continued interest in Bitcoin from major market players.
The United States government has shown increased support for Bitcoin. In March 2025, the US announced the creation of a Strategic Bitcoin Reserve. This digital asset reserve is now held by the US Treasury, marking a major step toward government involvement in the cryptocurrency sector.
Other countries are also exploring similar strategies. Nations like Argentina, Brazil, Japan, and Russia are either studying or beginning to build Bitcoin reserves. In India, while there is currently no ban on cryptocurrency trading, clear taxation and regulation policies are still being developed.
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A weak US dollar and supportive Federal Reserve policies may encourage more buying in Bitcoin.
Continued inflows from institutions, corporations, and ETFs may provide price stability.
Growing global acceptance of Bitcoin as an alternative store of value.
Cryptocurrency markets remain highly volatile, with frequent price swings.
Regulatory uncertainty in various countries could create new challenges.
If global central banks tighten monetary policy or if the US dollar strengthens, Bitcoin prices may face downward pressure.
Bitcoin may attempt to rise back towards $110,000 to $112,000 if current support levels hold. If the price gains momentum, a move towards $120,000 to $125,000 may be seen by the end of the month. However, if selling pressure increases, Bitcoin may correct back to $100,000 or lower.
Bitcoin's price correction today reflects a combination of profit-taking, economic news, and shifting investor sentiment. Despite the short-term drop, institutional interest remains strong, and the overall market structure continues to favor long-term growth. Corporate investments, supportive government policies, and the weakening US dollar are providing strong support for Bitcoin’s continued rise in value. However, as always in the cryptocurrency market, high volatility and potential regulatory changes remain key risks that must be monitored closely.
