BTC (Bitcoin) has risen by 2.05% in the last 24 hours.

Gate News Bot news, August 8, according to CoinMarketCap, as of the time of writing, BTC (Bitcoin) is currently priced at $117,300, having risen 2.05% in the last 24 hours, reaching a high of $117,700 and a low of $111,900, with a 24-hour volume of $66.367 billion. The current market capitalization is approximately $2.33 trillion, an increase of $46.813 billion compared to yesterday.

Bitcoin is an innovative payment network and a new type of currency. Bitcoin operates using peer-to-peer technology, without the need for a central authority or bank; the network collectively manages transactions and the issuance of Bitcoin. Bitcoin is open-source; its design is public, and no one owns or controls Bitcoin, allowing anyone to participate. Through its many unique properties, Bitcoin enables exciting uses that are not possible with any previous payment system.

Important news about BTC recently:

1️⃣ BlackRock Bitcoin ETF records significant capital inflow On August 7, BlackRock's iShares Bitcoin ETF recorded a net inflow of 363 BTC (approximately $41.36 million), bringing the total holdings to 738,171 BTC (approximately $86.05 billion). This reflects the ongoing interest of institutional investors in BTC, helping to boost market confidence.

2️⃣ Large Bitcoin mining companies' financial situation improves Several publicly listed Bitcoin mining companies have released their financial reports for the second quarter of 2025, showing an overall positive trend. CleanSpark's revenue surged 91% year-on-year to $198.6 million, with Bitcoin reserves valued at over $1 billion. Hut 8's strategic Bitcoin reserves expanded to 10,667 BTC, with a holding market capitalization of $1.1 billion. The improvement in the financial condition of mining companies is beneficial for the healthy development of the industry and provides support for the security of the Bitcoin network.

3️⃣ Long-term dormant addresses have become active, increasing market attention A Bitcoin address that has been inactive since November 2015 recently transferred 3000 BTC (approximately $348 million), attracting market attention. The activity of such long-term silent addresses is often seen as an important market signal, which may impact short-term price trends.

From a technical perspective, Bitcoin is currently fluctuating between $116,000 and $119,000. Glassnode data shows that the cost line for short-term holders is at $106,000, and the current price is still above this level, which is consistent with a normal adjustment phase in a bull market. If it can break through the resistance at $116,900, it may regain upward momentum.

This message is not intended as investment advice; investors should be aware of market volatility risks.