Bitcoin’s $117,261 Struggle: Can The CME

Bitcoin’s $117,261 Struggle: Can The CME

Bitcoin trades at $117,261, dropping 1.12% in 24 hours, but trading volume rises by 45.74% to $104.47B. Egrag Crypto points to the CME gap between $114,440-$115,555, sparking speculation over its fill. A drop below $104,500 could signal bigger issues, forcing traders to reconsider the market outlook. As of press time, BTC is trading at $117,261, indicating a drop of 1.12% in the last 24 hours. Nevertheless, this failure has been countered by the…

Analysis of Bitcoin’s Price Decline as of July 24, 2025

On July 24, 2025, Bitcoin experienced a notable price decline, dropping from its recent all-time high of approximately $123,000 to around $115,500, representing a decrease of roughly 6-7%. This downturn, while not unprecedented given the volatile nature of cryptocurrencies, has sparked significant discussion among investors and market analysts. This note aims to provide a comprehensive analysis of the factors contributing to this price drop, dra…