BTC (Bitcoin) has risen 0.66% in the last 24 hours.

Gate News Bot News, July 4, according to CoinMarketCap, as of the time of writing, BTC (Bitcoin) is currently priced at $109,575.54, with a rise of 0.66% in the last 24 hours, reaching a high of $110,541.46 and a low of $105,157.40. The 24-hour volume has reached $50.016 billion. The current market capitalization is approximately $2.18 trillion, an increase of $14.347 billion compared to yesterday.

Bitcoin is an innovative payment network and a new type of currency. Bitcoin operates on a peer-to-peer technology, without the need for a central authority or bank; transaction management and the issuance of Bitcoin are collaboratively executed by the network. Bitcoin is open source; its design is public, no one owns or controls Bitcoin, and anyone can participate. Through its many unique properties, Bitcoin allows for exciting uses that no previous payment system could cover.

Important news about Bitcoin recently:

1️⃣ Institutional funds continue to flow in, driving price rise Bitcoin ETFs continue to see inflows, with 10 U.S. Bitcoin ETFs netting 2,226 BTC in a single day, approximately $245.34 million. Among them, Fidelity saw an inflow of 1,680 BTC, about $185.1 million. The continuous buying by institutional investors provides strong support for Bitcoin prices.

2️⃣ Mining companies increase Bitcoin reserves The publicly listed Bitcoin mining company MARA announced that its Bitcoin holdings have reached 50,000 BTC and plans to increase its hash rate to 75 EH/s by the end of the year. Another mining company, Riot Platforms, mined 450 BTC in June, increasing its total Bitcoin holdings to 19,273 BTC. The increase in holdings by mining companies demonstrates confidence in the long-term prospects of Bitcoin.

3️⃣ Long-term holders' coin holdings hit a new high On-chain data shows that long-term holders who have held Bitcoin for over 155 days currently hold a record 14.7 million BTC. This indicates that market participants remain optimistic about the long-term prospects of Bitcoin, which helps to reduce selling pressure in the market.

From a technical perspective, the price of Bitcoin has broken through the $110,000 mark, but there is still a certain distance from the historical high. The market generally expects Bitcoin to challenge new historical highs within the year.

This message does not constitute investment advice; investors should be aware of market volatility risks.