BTC (Bitcoin) fell 0.30% in the last 24 hours.

Gate News Bot News, July 2, according to CoinMarketCap data, as of the time of writing, BTC (Bitcoin) is currently priced at $106,500, down 0.30% in the last 24 hours, with a high of $108,800 and a low of $105,200. The 24-hour volume reached $44.889 billion. The current market capitalization is approximately $2.12 trillion, a decrease of $6.318 billion compared to yesterday.

Bitcoin is an innovative payment network and a new type of currency. Bitcoin operates using peer-to-peer technology without the need for a central authority or bank; the network collectively manages transactions and the issuance of Bitcoin. Bitcoin is open source; its design is public, and no one owns or controls Bitcoin, allowing anyone to participate. Through its many unique properties, Bitcoin enables exciting use cases that previous payment systems cannot cover.

Important news about Bitcoin recently:

1️⃣ Net outflow of $342 million from the US Bitcoin spot ETF On July 1st, the total net outflow of Bitcoin spot ETFs reached $342 million, ending a previous streak of 15 consecutive days of net inflows. The Fidelity ETF FBTC had the highest single-day net outflow, amounting to $173 million. This may be related to the fact that the U.S. "Beautiful Big Bill" did not include tax exemptions for cryptocurrencies, which affected investor sentiment.

2️⃣ Exchange Bitcoin reserves continue to fall The proportion of Bitcoin held by cryptocurrency exchanges has fallen to 14.5% of the total supply, reaching its lowest level in nearly seven years. This indicates that investors tend to transfer Bitcoin from exchanges to private wallets, which may reflect an increased willingness to hold for the long term.

3️⃣ Mining companies' Bitcoin holdings increase The Nasdaq-listed Bitcoin mining company BitFuFu announced its mid-2025 performance data, revealing that its Bitcoin holdings have reached 1709 BTC. Due to its holdings exceeding 1000 BTC, BitFuFu has been included as a tracked asset in the Bitcoin exchange-traded fund under Bitwise. This indicates that some mining companies are increasing their Bitcoin reserves.

On the technical front, the price of Bitcoin is supported around $105,000 but still faces resistance at $109,000. In the short term, it may continue to fluctuate in this range.

This message does not constitute investment advice, and investors should be aware of market volatility risks.