As of August 10, 2025, the Bitcoin market is showing a positive trend. On that day, the price of Bitcoin broke through $118,500, with a rise of 1.86% within 24 hours. In early morning trading, Bitcoin quickly climbed from $116,000 to $118,400, demonstrating a strong rebound momentum in the short term.



Data from major exchanges shows that the price of Bitcoin is fluctuating between $117,000 and $118,500, with the overall market maintaining an upward trend. This rise comes after Bitcoin recently oscillated in the $115,000-$118,000 range. Notably, Bitcoin reached an all-time high of $123,000 in July this year.

Current market sentiment remains optimistic, with institutional funds continuing to flow into the Bitcoin market. Favorable factors from U.S. policy, such as allowing cryptocurrencies to be included in 401(k) retirement plans, provide strong support for Bitcoin prices.

Despite the recent tensions in the Middle East, such as the airstrikes by the United States and Israel on Iran's nuclear facilities triggering a brief market sell-off, Bitcoin has demonstrated strong risk resistance, quickly rebounding to over $101,000. This resilience highlights Bitcoin's stability as a digital asset.

The continued participation of institutional investors has also injected confidence into the market. The Japanese listed company Metaplanet recently increased its holdings by 1,111 Bitcoins, bringing its total holdings to 11,111, reflecting the long-term optimism of enterprise-level investors towards Bitcoin.

Looking to the future, most analysts hold a positive attitude towards the long-term trend of Bitcoin, with some predictions suggesting that the price of Bitcoin could reach $150,000 by the end of the year. However, investors still need to closely monitor short-term market fluctuations, especially potential gaps in the Chicago Mercantile Exchange (CME) futures market, such as the support level at $92,000, which could trigger short-term adjustments.

As institutional investment continues to increase and Bitcoin demonstrates its resilience against geopolitical uncertainties, the market remains optimistic about its long-term development prospects. However, investors still need to exercise caution when making decisions, fully considering market risks and potential regulatory changes.
BTC0.88%
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MEVEyevip
· 23h ago
Picking up money until your hands go weak!
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RugResistantvip
· 08-10 08:50
detected high risk pattern at 92k... stay vigilant folks
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just_here_for_vibesvip
· 08-10 08:37
btc yyds
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MysteriousZhangvip
· 08-10 08:33
This wave is To da moon.
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