Bitcoin Surpasses $120,000; UK to Sell $7B in Seized Bitcoin
Key Takeaways
- Bitcoin exceeds $120,000, driving crypto market cap to over $4 trillion.
- UK to sell $7B in seized Bitcoin from a 2018 Chinese Ponzi scheme.
- Bitcoin transaction fees slashed by 90% on July 19, 2025.
- Bitcoin ETF growth soars as self-custody slows, potentially centralizing supply.
- Cooper Research forecasts Bitcoin to reach $150,000 by October 2025.
Top Stories
Crypto market cap exceeds $4 trillion; Bitcoin hits $120,000.
On July 18, 2025, the global cryptocurrency market cap reached $4 trillion, driven by Bitcoin inflows and the passage of the Genius Act in the U.S. Bitcoin surpassed $120,000, dominating over 59% of the market.
UK to sell $7B in seized Bitcoin from Ponzi scheme.
The UK Home Office is planning to sell approximately $7 billion worth of seized Bitcoin, originating from a Chinese Ponzi scheme in 2018, and is seeking a system to store and sell the cryptocurrency.
Bitcoin transaction fees slashed by 90% on July 19, 2025.
On July 19, 2025, the fee rate for Bitcoin transactions was reduced by 90%.
Bitcoin ETFs soar; self-custody growth slows, centralizing supply.
Since January 2024, US-based spot Bitcoin ETFs have soared, while the growth rate of self-custody Bitcoin users has fallen, suggesting investors are choosing ETFs over private wallets, potentially centralizing the supply.
Bitcoin could hit $150,000 by October 2025, says Cooper Research.
Cooper Research forecasts Bitcoin's price to surge to $150,000 by October 2025, based on strong inflows to spot Bitcoin ETFs.
Breaking News
El Salvador denies recent Bitcoin purchases, IMF notes wallet consolidation.
El Salvador's finance chiefs informed the IMF that the country has not purchased Bitcoin since February, contradicting earlier claims, while the IMF noted the consolidation of Bitcoin across government wallets.
Expert Take
TraderAI2050 provides Bitcoin price prediction on TradingView.
On July 18, 2025, TraderAI2050 published a Bitcoin price prediction on TradingView, noting the BINANCE:BTCUSDT price at 119,312.37.
BTCUSD technical analysis: TCB reclaim setup on July 19, 2025.
On July 19, 2025, a technical analysis of BTCUSD presents a TCB (Trend–Countertrend–Breakout) reclaim setup, indicating Bitcoin broke below an ascending channel and is attempting to reclaim previous structure.
Ian_Carsen analyzes Bitcoin, expects new low before new ATH.
Ian_Carsen provides a Bitcoin price analysis on TradingView, anticipating a new local low before a new all-time high for BINANCE:BTCUSDT.P.
Bitcoin pattern analysis: Time to rest and observe, says engrusmanbelloa.
On July 19, 2025, engrusmanbelloa shared a Bitcoin pattern analysis for KUCOIN:BTCUSDT on TradingView, suggesting it's a good time to rest and observe how the pattern unfolds.
EduwaveTrading analyzes Bitcoin correction, advises waiting for longs.
On July 19, 2025, EduwaveTrading analyzed Bitcoin's recent price movements on TradingView, noting a small correction followed by a larger correction for wave 4 and advising waiting for the correction to finish before considering long trades.
Conflicting Bitcoin strategies: Long vs. Short positions shared.
On July 19, 2025, BestUsamaTrades shared a Bitcoin long position strategy, while FarazAnalyser provided a short selling signal for BTCUSD on TradingView.
Market Pulse
Bitcoin miners' profitability rises with Bitcoin's price increase.
In July 2025, Bitcoin miners are experiencing increased profitability due to Bitcoin's 14.6% price increase over the past 30 days, with the rate for 1 petahash per second (PH/s) around $60.49.
Price Watch
Bitcoin consolidating near ATH; sideways movement expected before next move.
Bitcoin is consolidating near its All-Time High, suggesting sideways movement and a potential healthy correction toward a key support zone before a bullish continuation.
Bitcoin pauses after rally; new July high still possible.
After a rally, Bitcoin is pausing on July 19, 2025, with Galaxy Digital’s Michael Harvey anticipating a sideways phase but still expecting a potential increase by the end of the month.
Bitcoin consolidates below $120,000; potential rise to $150,000.
On July 18, 2025, Bitcoin consolidated below $120,000, with analysts suggesting a potential rise to $140,000-$150,000 after a possible move towards $113,000-$115,000.
Bitcoin consolidating in pennant pattern; awaits breakout.
Bitcoin is consolidating in a pennant/triangle pattern, awaiting a breakout, with a large BTC Whale moving over 80,000 BTC.
BTC/USDT consolidating above demand zone; target $123,280.
On July 19, 2025, Mr_JohnnY_98 analyzed the BTC/USDT 5H chart on TradingView, noting the price is consolidating above a demand zone at $121,031 with a final target around $123,280.