Bitcoin set a new all-time high (All-Time High) a few days ago:

Reaching above USD 124,500.

Strengthening pressure is driven by expectations of a Fed rate cut, which is now predicted to have an 84.6% probability for September.

Current conditions indicate that Bitcoin has passed the "price discovery" phase since the 2024 halving and may be entering the second stage of historical correction, after nearly seven weeks of an upward trend.

Bitcoin mining profitability increased by 2% in July, driven by a price increase of BTC by approximately 7% and a hashrate increase of 5%.

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Quick Summary Today

Aspects Details

Current Price ~USD 117–118 thousand
Volatility Low–medium, stable in the last 24 hours
New All-Time High > USD 124.5k a few days ago
Macro Momentum Supported by expectations of interest rate decline
Correction Risk Perhaps due to the "price discovery" trend running for almost seven weeks
Mining Profitability increased by ~2% in Ju
Today, Bitcoin is consolidating in the range of USD 117–118 thousand after reaching a new all-time high. Volatility is relatively low, driven by macro sentiment such as expectations of interest rate cuts and short-term technical trends. However, caution is advised regarding the potential for a correction in the near term, following historical cycle patterns after periods of increase.
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