Bitcoin breaks through $107,000, is the stagnant period over?
2025-07-02 09:00:38
Main Idea
Bitcoin recently surpassed the $107,000 mark, showing signs of a gradual rally with increased trading volume, and analysts predict further potential gains in July.
Key Points
1. Bitcoin (BTC) broke through $107,000 on July 2, 2025, trading at $107,111 with a 0.2% increase in the past 24 hours.
2. BTC's trading volume rose by 22.8% in 24 hours, reaching $26.8 billion, indicating heightened market activity.
3. The last time Bitcoin surged above $107,000 was on June 10, 2025, driven by institutional interest and a weakening U.S. dollar (DXY down 10.8% in H1 2025).
4. Matrixport analysts predict BTC could reach a new all-time high of $116,000 in July, citing historical July performance (e.g., 23.9% surge in July 2020).
5. BTC had previously been stuck in a resistance zone but is now steadily climbing, raising speculation about breaking its stagnation period.
Description
Bitcoin recently broke through the $107,000 mark, surging for the first time after days of mostly stagnant price movements. The surge can be attributed to the aggressive institutional accumulation of BTC or to the victory lap often associated with July. According to data from crypto.news, BTC ( BTC ) is standing just above the $107,000 threshold. On July 2 at 7:30 UTC, the largest cryptocurrency by market cap is currently trading hands at $107,111. In the past 24 hours, the token has gone up sli...
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