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Bitcoin is currently priced at $117,500, reflecting an increase of nearly 1% over the past 24 hours, with a market capitalization of $2.34 trillion and a daily trading volume of $58.4 billion. It has risen by 3.6% this week and is approaching $120,000 as institutional interest and market factors alter traditional price cycles.
Market Cycles Evolving
The four-year halving cycle of Bitcoin, which typically sees significant peaks approximately one year post-halving, is exhibiting indications of change. In March 2024, BTC reached $73,000, significantly ahead of the expected cycle peak. Analysts attribute this shift to the introduction of US Bitcoin ETFs, growing institutional interest, and a more developed market structure.
Historically, Bitcoin has followed a four-year price cycle linked to an event known as the halving. However, recently, this cycle, which has often displayed a predictable pattern, appears to be breaking down or potentially vanishing altogether.
Read more here: https://t.co/BMPQI3L2G4 pic.twitter.com/CvL3JyTKFf— CNBC International (@CNBCi) August 8, 2025
In earlier cycles, BTC would typically experience declines of 70-80%. This time, the largest correction noted was 26%. Experts such as Ryan Chow from Solv Protocol and Matt Hougan from Bitwise anticipate that future pullbacks may range from 30-50%, making Bitcoin more appealing to long-term investors. Should the cycle structure be indeed shifting, BTC might experience more consistent and less volatile growth in the years ahead.
Tokenized Stocks and Wider Blockchain Adoption
Trends in adoption are also enhancing Bitcoin’s appeal. Kraken has introduced xStocks, tokenized equities that are backed 1:1 and available for as little as $10. This product is currently operational in the Middle East, Asia, and Latin America, with plans to expand into Europe, along with a debit card that allows users to purchase stocks directly from their stock holdings or crypto balances. Last month, Tesla tokens (TSLAx) surged by 102.9%, indicating rapid growth in this sector.
Full story out now
https://t.co/MpgCL4eNO9
— Roundtable Network (@RTB_io) August 8, 2025
In addition, Coinbase has integrated decentralized exchange (DEX) trading into its US application, excluding New York.
Users can now engage in trading on Uniswap, Aerodrome, and other DEXs without leaving Coinbase, and can trade tokens associated with projects like Reserve Protocol and Virtuals AI Agents directly on-chain. This represents a move towards self-custody and increased token accessibility in the post-FTX landscape.
Millions of assets. One Coinbase app.
→ Every asset on @base
→ Faster and easier access to onchain trading
→ Tokens go from launch to available on Coinbase in moments
All available in the same Coinbase app with DEX trading.
Rolling out now, starting in the U.S. (ex. NY). pic.twitter.com/yo5tw04js9— Coinbase
(@coinbase) August 8, 2025
(@coinbase) August 8, 2025Bitcoin Technical Outlook: $120K in View
According to the daily chart, the outlook for Bitcoin’s price is optimistic as BTC is testing the upper boundary of the bullish flag formed following the July surge to $123,250.
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The price is supported by the upward trend line and the 50-day SMA at $113,435, with recent gains stemming from a rebound off the 0.382 Fibonacci retracement level at $113,678.
Bitcoin Price Chart – Source: Tradingview
The RSI has risen from the mid-50s and is not in overbought territory. The MACD is on the verge of crossing bullish, which should contribute to upward momentum. A close above $117,335 could aim for the $123,250 peak and $127,000 if the momentum persists. Support levels are identified between $113,400 and $113,600.
For traders, a decline to the $116,500-$117,300 range may present a long entry opportunity, with stop-loss orders set below $113,400. A confirmed breakout could initiate a move towards $130,000, driven by institutional inflows, regulatory clarity, and broader blockchain adoption.
New Presale Bitcoin Hyper ($HYPER) Merges Bitcoin Security With Solana Speed
Bitcoin Hyper ($HYPER) is the inaugural Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), designed to enhance the Bitcoin ecosystem with rapid, low-cost smart contracts, dApps, and meme coin generation.
By combining Bitcoin’s security with Solana’s performance, it enables powerful new applications – all with seamless BTC bridging.
The project is audited by Consult and designed for scalability, simplicity, and trust.
Investor interest is increasing, with the presale already exceeding $7.7 million and only a limited allocation remaining.
HYPER tokens are currently priced at just $0.012575, but this price is expected to rise within the next 3 days.
Tokens can be purchased on the official Bitcoin Hyper website using either cryptocurrency or a bank card.
Click Here to Participate in the Presale
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