Bitcoin (BTC) has reclaimed the $120,000 mark after an early session wobble. The flagship cryptocurrency fell to an intraday low of $118,931 early on, but rebounded to reclaim $120,000 and move to its current level of $120,551. BTC has stabilized after Monday’s volatility, and analysts believe it could see a major rally if it can decisively reclaim and close above the $120,000 mark. Metaplanet Registers Record Q2 Profit Bitcoin treasury company Metaplanet has its Bitcoin (BTC) gains to thank for its record Q2 profit. The company’s latest earnings report disclosed gains across key metrics. Metaplanet President Simon Gerovich disclosed the firm’s record Q2 numbers in a post on X, stating, “This is the strongest quarter in Metaplanet’s history.” Metaplanet reported a revenue of 1.239 billion yen ($8.4 million), a 41% increase compared to Q1. It reported 816 million yen ($5.5 million) gross profit and 17.4 billion yen ($117.8 million) as ordinary profit. However, the biggest jump was seen in the company’s assets. Metaplanet registered a 333% increase in assets, which rose 238.2 billion yen ($1.61 billion). Net assets also increased 299%, reaching 201 million yen ($1.36 billion). The company’s Bitcoin yield for Q2 also rose 129%. Metaplanet’s strong Q2 performance is due to a surge in the value of its BTC holdings. The company began purchasing Bitcoin in 2024, and doubled down on its strategy in 2025, increasing its holdings from 4,046 BTC in Q1 to 13,350 BTC in Q2. US CPI Numbers Boost Fed Rate Cut Bets Bitcoin (BTC) could continue its rally despite a recent wobble following the release of the July US Consumer Price Index (CPI). The CPI shows inflation steady at 2.7% year-over-year, unchanged from the previous month and below the predicted 2.8%. Core CPI, which excludes food and energy, registered a 3.1% increase, in line with expectations. Overall CPI increased 0.2% compared to 0.3% in June, while core CPI rose 0.3%, compared to a 0.2% increase in June. According to CME FedWatch, market expectations of a September rate cut by the Federal Reserve have risen to 93.9% following the CPI data. However, Core CPI suggests underlying price pressures. This could prompt the Fed to look for more evidence before initiating a rate cut. Next week’s Producer Price Index (PPI) and Core PPI could also play a key role in the Fed’s decision on rate cuts. Softer-than-expected numbers could confirm a bullish macro setup for Bitcoin , reinforce lower rate expectations, and boost demand for risk assets. Bitcoin (BTC) Price Analysis Bitcoin (BTC) has rebounded to reclaim $122,000 as it registers a sudden uptick. The flagship cryptocurrency has struggled to cross $122,000, having been rejected on Monday and dropping to a low of $118,050. It rebounded on Tuesday to reclaim $120,000 but lost it early during today’s session, falling to a low of $118,931 before recovering. However, bears are unlikely to surrender the $123,000 level without a fight. Some analysts have turned cautious on BTC after Monday’s decline, with ZAYK Charts stating in a post on X that the Wyckoff method suggests the flagship cryptocurrency may have entered a distribution phase. A confirmation could sink BTC below $95,000. “After a strong Accumulation Phase in March, April confirmed by bullish RSI divergence, BTC entered a powerful Mark-Up phase, reaching new highs. Currently, price action is showing signs of a Distribution Phase — sideways movement with weakening momentum, supported by bearish RSI divergence. If distribution confirms, the next phase could be a markdown, with a potential drop toward the 95K zone.” BTC ended the previous weekend on a bullish note, rising 1.49% to settle at $114,215. It continued rising on Monday, crossing $115,000 and settling at $115,051 after a 0.73% increase. Despite the positive sentiment, BTC lost momentum on Tuesday, falling 0.82% to an intraday low of $112,622 before settling at $114,112. The price recovered on Wednesday, rising 0.80% to cross $115,000 and settle at $115,028. Bullish sentiment intensified on Thursday as BTC rose over 2% to cross $117,000 and settle at $117,515. Source: TradingView BTC was back in the red on Friday, dropping 0.71% to $116,883. The price registered a marginal decline on Saturday but recovered on Sunday, rising 2.42% to reclaim $119,000 and settle at $119,309. BTC surged to an intraday high of $122,319 on Monday. However, it lost momentum after reaching this level and settled at $118,701, ultimately dropping 0.51%. Buyers returned to the market on Tuesday as BTC recovered, rising 1.19% to reclaim $120,000 and settle at $120,113. The current session sees the price up nearly 2%, trading around $121,900. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
