- US Treasury calls Bitcoin a “strategic decentralized asset class.” Brazil and UAE pilot Bitcoin for cross-border trade settlements.
- Strategy buys 8,500 more Bitcoin ($114,300 avg), now holds 300,000 BTC. SEC closes mining emissions investigation citing clean energy use.
As of July 11, 2025, Bitcoin (BTC) is trading at $117,975.01 USD, reflecting a solid 3.91% daily increase. This movement continues Bitcoin’s upward trajectory in Q3 2025, positioning it just shy of the highly anticipated $120,000 resistance zone.
With a market capitalization of $2.34 trillion and a 24-hour trading volume of $122.39 billion, Bitcoin retains its dominant stance in the crypto sector, both as a store of value and an institutional-grade asset.
Bitcoin’s technical outlook remains decisively bullish. The daily chart shows consistent price action forming higher highs and higher lows, confirming a strong ascending trend.
The 50-day and 200-day moving averages are both sloping upward, with a wide bullish divergence, and volume is increasing—an indicator of sustained buying interest.
Momentum indicators such as the Relative Strength Index (RSI) are currently hovering around 71, approaching overbought territory, yet not signaling immediate reversal.
U.S. Treasury Recognizes Bitcoin as Strategic Digital Asset
In a major policy shift, the U.S. Treasury has labeled Bitcoin a “strategic decentralized asset class” in its Digital Asset Framework report. While not declaring it legal tender, the document acknowledges Bitcoin’s unique status as an incorruptible, globally verifiable store of value. This policy guidance is expected to catalyze further governmental and institutional interest.
Brazil and UAE Integrate Bitcoin for Cross-Border Settlements
The central banks of Brazil and the UAE have jointly announced a pilot program using Bitcoin as a settlement layer for cross-border trade. ETHNews analysts predict this could lay the foundation for BTC being adopted in commodity settlement markets.
Strategy Announces New $1B BTC Acquisition
Strategy continues its aggressive accumulation strategy, purchasing an additional 8,500 BTC at an average price of $114,300. The firm now holds over 300,000 BTC, becoming one of the largest non-governmental holders of Bitcoin globally.
CEO Michael Saylor emphasized in a press release that
“Bitcoin is the corporate balance sheet firewall against monetary decay.”
SEC Ends Investigation into Bitcoin Mining Emissions
After two years of review, the U.S. Securities and Exchange Commission has closed its investigation into Bitcoin mining’s environmental impact, citing improvements in renewable adoption. Over 72% of the global BTC hash rate is now powered by clean energy, largely due to relocations to Iceland, Canada, and the U.S. Midwest.
