Bitcoin is approaching a price of 120,000 USD, driven by recent strong macroeconomic data and trade agreements between the US, EU, and Japan. Amidst this, analysts caution about potential price volatility in August due to Federal Reserve announcements.
Despite gains, market experts point out that liquidity issues with stablecoins may hinder Bitcoin’s upward momentum. Historical data reveals while July’s performance is stable, it remains below the averages seen in past years.
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