Chart: https://www.gate.com/trade/BTC_USDT
Based on real-time data, as of July 29, 2025, Bitcoin (BTC) is trading at $117,985.5, representing a 1.27% decline over the past 24 hours. According to Coin World, large holder sell-offs and encounters with key resistance levels led Bitcoin to briefly dip below $118,000. This triggered short-term selling pressure and caused a day-over-day drop of more than 29% in trading volume.
BitPinas reports that PayPal is launching new features for U.S. small businesses, allowing merchants to accept payments in Bitcoin, Ethereum, and up to 100 different cryptocurrencies. This rollout further advances crypto adoption in real-world scenarios and helps merchants diversify their payment risk in an uncertain macro environment. This initiative may accelerate the acceptance of digital assets by mainstream enterprises.
BitPinas also reports that Coinbase is in late-stage acquisition negotiations with Indian crypto exchange CoinDCX, with the deal potentially valuing CoinDCX at below $900 million. If completed, the deal would mark Coinbase’s long-term strategic investment in the Indian market. Compared to CoinDCX’s $220 million valuation peak in February 2021, the current estimate reflects a fall of more than 50%, highlighting the increasing fragmentation of the crypto exchange sector.
Recently, several publicly traded companies have announced fundraising plans to invest in crypto assets. At the same time, frequent transactions by large holders have intensified short-term volatility. Investors should closely monitor key resistance levels and changes in trading volume. They should also diversify their portfolios to manage potential market pullback risks.