Bitcoin Surges Past $118K as Institutional Adoption Accelerates – BTC Eyes New Highs
The post Bitcoin Surges Past $118K as Institutional Adoption Accelerates – BTC Eyes New Highs appeared on BitcoinEthereumNews.com. Tony Kim Jul 23, 2025 04:13 BTC price currently trades at $118,730, up 1.31% as major banks enter crypto trading and regulatory clarity improves market sentiment. Quick Take • BTC currently trading at $118,730.67 (+1.31% in 24h) • Bitcoin’s RSI at 63.85 signals continued bullish momentum without overbought conditions • Standard Chartered launches institutional Bitcoin trading services, marking major banking adoption milestone What’s Driving Bitcoin Price Today? The BTC price surge reflects a confluence of positive institutional developments that have fundamentally shifted market sentiment. Standard Chartered’s announcement to launch spot Bitcoin and Ethereum trading services for institutional clients represents a watershed moment for traditional banking’s embrace of cryptocurrency. This move by one of the world’s largest banks validates Bitcoin’s growing legitimacy as an institutional asset class. Adding fuel to the rally, Cantor Fitzgerald is reportedly finalizing a massive $3.5 billion acquisition of over 30,000 BTC from Blockstream. This represents one of the largest institutional Bitcoin purchases in history and demonstrates continued appetite from major financial firms despite Bitcoin’s elevated price levels. The regulatory landscape has also improved significantly with the U.S. House passing the Digital Asset Market Clarity Act. This legislation aims to provide clearer definitions for digital assets as either commodities or securities, potentially removing regulatory uncertainty that has long hindered institutional participation. These developments come after Bitcoin reached a new all-time high near $124,000 on July 16th, demonstrating the market’s ability to push into uncharted territory when fundamentals align favorably. BTC Technical Analysis: Strong Bullish Signals Persist Bitcoin technical analysis reveals robust underlying momentum supporting the current price action. The BTC RSI reading of 63.85 indicates healthy bullish momentum without entering overbought territory, suggesting room for further upside movement. Bitcoin’s moving average structure shows strong bullish alignment, with the current…
The post Bitcoin Surges Past $118K as Institutional Adoption Accelerates – BTC Eyes New Highs appeared on BitcoinEthereumNews.com.
Tony Kim Jul 23, 2025 04:13 BTC price currently trades at $118,730, up 1.31% as major banks enter crypto trading and regulatory clarity improves market sentiment. Quick Take • BTC currently trading at $118,730.67 (+1.31% in 24h) • Bitcoin’s RSI at 63.85 signals continued bullish momentum without overbought conditions • Standard Chartered launches institutional Bitcoin trading services, marking major banking adoption milestone What’s Driving Bitcoin Price Today? The BTC price surge reflects a confluence of positive institutional developments that have fundamentally shifted market sentiment. Standard Chartered’s announcement to launch spot Bitcoin and Ethereum trading services for institutional clients represents a watershed moment for traditional banking’s embrace of cryptocurrency. This move by one of the world’s largest banks validates Bitcoin’s growing legitimacy as an institutional asset class. Adding fuel to the rally, Cantor Fitzgerald is reportedly finalizing a massive $3.5 billion acquisition of over 30,000 BTC from Blockstream. This represents one of the largest institutional Bitcoin purchases in history and demonstrates continued appetite from major financial firms despite Bitcoin’s elevated price levels. The regulatory landscape has also improved significantly with the U.S. House passing the Digital Asset Market Clarity Act. This legislation aims to provide clearer definitions for digital assets as either commodities or securities, potentially removing regulatory uncertainty that has long hindered institutional participation. These developments come after Bitcoin reached a new all-time high near $124,000 on July 16th, demonstrating the market’s ability to push into uncharted territory when fundamentals align favorably. BTC Technical Analysis: Strong Bullish Signals Persist Bitcoin technical analysis reveals robust underlying momentum supporting the current price action. The BTC RSI reading of 63.85 indicates healthy bullish momentum without entering overbought territory, suggesting room for further upside movement. Bitcoin’s moving average structure shows strong bullish alignment, with the current…
What's Your Reaction?
