BTC (Bitcoin) rose 4.16% in the last 24 hours

Gate News Bot news, on July 11, according to CoinMarketCap data, as of the time of writing, BTC (Bitcoin) is currently priced at $115,700, with a rise of 4.16% in the last 24 hours, reaching a high of $116,600 and a low of $107,300. The 24-hour volume reached $96.549 billion. The current market capitalization is approximately $2.3 trillion, an increase of $91.795 billion compared to yesterday.

Bitcoin is an innovative payment network and a new type of currency. Bitcoin operates on a peer-to-peer technology, requiring no central authority or banks; transaction management and the issuance of Bitcoin are carried out collectively by the network. Bitcoin is open source; its design is public, and no one owns or controls Bitcoin, allowing anyone to participate. Through its many unique properties, Bitcoin enables exciting uses that were not achievable with any previous payment system.

Important news for BTC recently:

1️⃣ Bitcoin price hits historic highs for two consecutive days The price of Bitcoin broke its historical record again on July 10, reaching $113,358.50, marking the second consecutive day of setting a new all-time high. Compared to the same period last year, the price of Bitcoin has risen by as much as 96.2%. Key factors driving this round of Bitcoin surge include the continuous influx of institutional funds into Bitcoin spot ETFs, the currently favorable macroeconomic environment, and an increasing number of companies incorporating BTC into their financial reserves.

2️⃣ Institutional investors continue to increase their holdings of Bitcoin Large institutional investors are actively increasing their holdings of Bitcoin. BlackRock's iShares Bitcoin ETF had a net inflow of 1,136 BTC (approximately $126 million) on July 10, bringing its Bitcoin holdings to 702,056 BTC (approximately $78.09 billion). Meanwhile, U.S. publicly traded company KULR Technology announced an increase of 90 BTC, raising its total holdings to 1,021 BTC. These institutional actions indicate confidence in the long-term value of Bitcoin.

3️⃣ The regulatory environment in the United States is becoming more friendly The U.S. House of Representatives plans to pass several important cryptocurrency bills next week, including the GENIUS Act and the CLARITY Act, aimed at making the U.S. a global cryptocurrency hub. At the same time, the U.S. Securities and Exchange Commission (SEC) issued a statement on security tokenization, acknowledging that blockchain technology has opened new models for issuing and trading securities in a "tokenized" form. These initiatives indicate that the U.S. is gradually building a regulatory environment conducive to the development of cryptocurrencies.

From a technical perspective, after Bitcoin broke through $114,000, traders tend to go long, and open interest (OI) has increased. However, there are also potential risks in the market; if Bitcoin falls back below $110,000, the cumulative long liquidation intensity on major centralized exchanges will reach $2.4 billion.

This message is not intended as investment advice; investors should be aware of market volatility risks.