Bitcoin Hovers Near $107K Amidst M2 Growth and Institutional Investment

Edited by: Elena Weismann

On July 2, 2025, Bitcoin (BTC) traded around $106,826, showing a minor increase from recent lows. This movement has sparked discussions about Bitcoin's potential to reach new all-time highs. (Source: Text 1)

The 14-day Relative Strength Index (RSI) is at 42.60, indicating a neutral market sentiment. The U.S. M2 money supply increased by 2.7%, from $107.5 trillion to $110.72 trillion, potentially influencing Bitcoin's price with a 10-12 week lag. (Source: Text 1)

American Bitcoin raised $220 million to expand its Bitcoin mining operations and treasury holdings. The intraday high was $107,157, and the low was $105,344. (Source: Text 1)

Sources

  • Bitcoinist.com

  • Bitcoin (BTC) Price Prediction 2025, 2026–2030 | CoinCodex

  • Bitcoin Price to Hit $135K by July 2025

  • How High Can Bitcoin Go? Bitcoin Sets Record Close in June, With July BTC Price Predictions Target $115K

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