Bitcoin Breaks Record! Highest Monthly Close in 16-Year History! Here's All the Data
Bitcoin closed July at $115,768, marking its first monthly close at this level in its 16-year history. Although the world's largest cryptocurrency fell 2.34% in the last 24 hours, the close was a record.
Bitcoin Hits All-Time Monthly Close at $115,768
“Bitcoin closing this month at an all-time high isn’t just a headline; it’s a testament to the market’s resilience and maturation,” said Rachael Lucas, crypto analyst at BTC Markets.
Lucas noted that despite the large 80,000 BTC transfer to Galaxy Digital in July and the subsequent sell-off, the price remained stable. While this sell-off caused a brief 4% drop in Bitcoin, the market quickly absorbed the impact.
“This level of recovery shows that a strong buyer base has formed in the market that trusts Bitcoin,” Lucas said, emphasizing that Bitcoin remains resilient despite macroeconomic uncertainties during this period of increasing institutional interest.
On the other hand, LVRG Research Director Nick Ruck stated that investors can realize profits, and this will depend on the policies of the US Federal Reserve (Fed), Trump's possible tariffs and ETF fund flows.
Spot Bitcoin ETFs have experienced outflows in recent days, with the strong inflows of the first half of July seemingly giving way to weaker net flows. However, Ruck stated that the current decline is temporary and that he expects a recovery in August.
Lucas emphasized that Bitcoin is in a strong position in the long term: “Bitcoin is increasingly adopted as a scarce, decentralized asset, and its role in the global financial system is strengthening.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Whale Returns with $16.8M Chainlink ($LINK) Buy
A whale who made $1.72M swing trading LINK is back, recently buying $16.85M worth of Chainlink.Profitable Chainlink Whale ResurfacesRenewed Confidence in ChainlinkWhat This Means for LINK Holders

Metaplanet Joins FTSE Japan Index After Q2 Surge
Metaplanet added to FTSE Japan Index after strong Q2, offering traditional investors indirect Bitcoin exposure.Metaplanet’s FTSE Japan Index Inclusion Marks Major MilestonePassive Capital Flows Into Bitcoin ExposureWhy It Matters for Bitcoin Markets

Best Crypto Coins 2025: BlockDAG, Ethereum, Cardano & Avalanche
Explore the best crypto coins for 2025. See how BlockDAG, Ethereum, Cardano, and Avalanche are set to grow with upgrades, adoption, and real-world utility.Cardano (ADA)Ethereum (ETH)Avalanche (AVAX)Final Thoughts: Why These Projects Stand Out

SEI Set for 40% Bullish Breakout Surge
SEI is eyeing a 40% breakout as bullish momentum builds. Here's what traders need to know right now.Why the Market is Turning Bullish on SEIShould You Act Now?

Trending news
MoreCrypto prices
More








