Bitcoin News Today: Bitcoin Reclaims $118,000 Amid Volatility as Institutional Adoption Grows

Bitcoin’s price has recently surged past $118,000, reclaiming this level despite experiencing volatility earlier in the week that pushed the cryptocurrency to an intraday low of $114,770 on Friday. The recovery over the weekend saw the asset stabilize above $115,000, with bulls maintaining partial control amid fluctuating market sentiment. As of the current session, Bitcoin (BTC) trades around $118,115, reflecting marginal gains. The price action has underscored the challenges of sustaining momentum in a market increasingly influenced by institutional adoption and macroeconomic factors [1].

The debate over Bitcoin’s original ethos versus its evolving institutionalization has intensified. Scott Melker, known as the “Wolf of All Street,” highlighted concerns that early adopters—often referred to as OG holders—are losing faith in the asset. He cited anecdotal evidence of whale sales at current prices, arguing that institutional integration has diluted Bitcoin’s anti-establishment roots. Melker’s comments sparked a broader discussion, with critics like Mike Alfred of Alpine Fox countering that selling decisions are often personal and unrelated to the asset’s intrinsic value. Meanwhile, Bitcoiner Dave Weisberger emphasized that widespread adoption hinges on institutional participation, framing it as essential for the cryptocurrency’s long-term viability [1].

Looking ahead, Bitwise’s chief investment officer, Matt Hougan, has forecasted a potential “up year” for Bitcoin in 2026, marking the end of its four-year market cycle. Hougan argues that the traditional halving cycle’s influence is waning, with institutional adoption and regulatory clarity reducing risks of significant downturns. He also noted that external factors, such as Donald Trump’s pressure on the Federal Reserve to cut interest rates, could act as bullish catalysts. However, Hougan acknowledged that Bitcoin treasury companies pose a cyclical-style risk, complicating the market’s trajectory. His analysis contrasts with the historical four-year pattern, which some analysts, including CryptoQuant’s Ki Young Ju, argue is obsolete. Ju observed that whale accumulation strategies no longer align with previous cycles, as this time, older whales are selling to newer institutional holders [1].

Price dynamics have been volatile yet resilient. BTC faced sharp declines on Friday, dropping to $116,805 before rebounding to $117,877. Weekend activity saw further dips, with the asset settling at $117,240 by Sunday. A modest recovery on Monday pushed BTC to an intraday high of $119,603, though it later retreated to $117,402. Tuesday’s bullish momentum saw a 2% rally to $119,982, but sellers regained control by Wednesday, pulling the price down to $117,321. The subsequent rebound on Thursday and Friday failed to sustain gains, with BTC plummeting to $114,779 before stabilizing near $117,000. Analysts remain cautious, noting that while the bullish structure persists, aggressive price jumps are unlikely in the near term [1].

Sources:

[1] Bitcoin Price Analysis: BTC Reclaims $118,000 Despite Recent Volatility [https://bitzo.com/2025/07/bitcoin-price-analysis-btc-reclaims-118000-despite-recent-volatility]