Bitcoin: a new high and institutional growth
- On July 9, BTC reached a record high of $112,000 and is now hovering around $111,000.
- The rise was caused by an influx of institutional investors: ETF holdings have exceeded $14.4 billion, and more than 135 companies are holding BTC in reserve.
- Analysts expect that if the positive sentiment continues, BTC could reach $120-131,000 in July and even $200-250,000 by the end of the year.
Ethereum and altcoins
- ETH is trading around $2,776, having risen in December-July. The integration of Ethereum into spot-ETFs and CME futures is boosting demand.
- AI tools forecast ETH at $3,000-3,200 in July.
- Altcoins: Solana and XRP show growth after ETF approval, Cardano and IMX are seen as having potential with the breakout of key levels ($0.77 for ADA). BeInCrypto also highlights CELO and DOGE.
Overall trend: the bull market continues
- The total market capitalization grew by +2.6% in June, but remains sensitive to geopolitics.
- Central banks (e.g., Australia) are promoting CBDC, which increases interest in cryptocurrencies.
- Mass institutionalization: Bitcoin is already replacing assets on corporate balance sheets.
Forecasts for July 2025
- Bitcoin: technical target is $118-131,000; with favorable trade dynamics and lower inflation, a breakthrough to $120,000 is possible.
- Ethereum: expected to strengthen to $3,000, especially if institutional support increases.
- Altcoins: XRP may rebound from $2.26 to $3+, ADA to $0.77, SOL and IMX – if resistance is broken through.
- Risks: Correction is possible based on profit analysis and fiscal changes. The activity of “old” BTC wallets (~200 million USD) adds to the uncertainty.
Source: https://www.fixygen.ua/news/20250710/oglyad-lipnevih-trendiv-na-rinku-kriptovalyut-vid-fixygen.html
CRYPTOCURRENCY
