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Bitcoin price Chart” width=”300″ height=”148″ srcset=”https://bravenewcoin.com/wp-content/uploads/2025/08/Bnc-Aug-3-23-300×148.jpg 300w, https://bravenewcoin.com/wp-content/uploads/2025/08/Bnc-Aug-3-23-400×198.jpg 400w, https://bravenewcoin.com/wp-content/uploads/2025/08/Bnc-Aug-3-23-600×297.jpg 600w, https://bravenewcoin.com/wp-content/uploads/2025/08/Bnc-Aug-3-23-768×380.jpg 768w, https://bravenewcoin.com/wp-content/uploads/2025/08/Bnc-Aug-3-23-800×396.jpg 800w, https://bravenewcoin.com/wp-content/uploads/2025/08/Bnc-Aug-3-23.jpg 825w” sizes=”auto” data-orig-sizes=”(max-width: 825px) 100vw, 825px”>
Bitcoin (BTC) is currently trading around $114,118, marking a 0.38% increase over the past 24 hours as of August 3, 2025, 14:00 UTC. Data is sourced from the bitcoin Liquid Index (BLX), compiled by Brave New Coin.
The recent price action follows a period of sustained growth in 2025, driven by increased institutional investment and the ongoing adoption of Bitcoin as a store of value. The BLX, a real-time index tracking the price of Bitcoin across multiple exchanges including Coinbase, Binance, and kraken, provides a weighted average price, mitigating the impact of localized price discrepancies.The index methodology, updated in January 2025 to include liquidity weighting, aims for greater accuracy and representativeness.
Bitcoin’s Technical Landscape and Macroeconomic Factors
Technological advancements continue to bolster Bitcoin’s infrastructure. The Taproot upgrade, activated in November 2021, enhances privacy, efficiency, and smart contract capabilities. Layer-2 scaling solutions, notably the lightning Network, are expanding Bitcoin’s transaction throughput, addressing scalability concerns. As of July 2025, the Lightning Network boasts over 8,500 nodes and a capacity exceeding 5,000 BTC, according to data from 1ML.com.
A notable trend is the recent decline in Bitcoin miner revenue. Data from Glassnode indicates a 15% decrease in miner revenue over the last month, attributed to increased network difficulty and fluctuating transaction fees. Historically, such declines often precede price rallies as miners reduce selling pressure to maintain profitability. This dynamic is especially relevant given the upcoming fourth Bitcoin halving, currently projected for April 2028, which will further reduce block rewards.
Future Price Trajectory: Key Levels and Influencing Factors
Market analysts at brave New Coin project that sustained trading above $112,000 could propel Bitcoin towards the $120,000 – $123,000 range in the short term. Breaking through this resistance level could establish a new 2025 high and potentially drive the price towards $130,000 before the end of the third quarter. This analysis considers current market leverage, which remains relatively low
