The cryptocurrency market is experiencing a significant surge today, with Bitcoin (BTC) price climbing nearly 3% during Wednesday’s session to test the $109,800 level, followed by an additional 0.5% gain on Thursday. This bullish momentum extends across major digital assets, as Ethereum (ETH) price jumped 7% on Wednesday and continues rising over 1% today, while Dogecoin (DOGE) price and XRP price are also posting substantial gains amid renewed investor optimism.
In this article, I examine why crypto is going up today and what the latest price predictions are for Bitcoin, Ethereum, Doge, and XRP for July 2025.
Why is Crypto Going Up Today? 4 Key Market Drivers
The current cryptocurrency rally stems from multiple converging factors that are driving institutional and retail investor confidence. Market sentiment has shifted dramatically as digital assets break through key resistance levels, with Bitcoin price reaching its strongest position in over a month at $109,406. This surge represents a clear departure from recent consolidation patterns, signaling renewed bullish momentum across the entire crypto ecosystem.
Eurozone monetary expansion has emerged as a significant catalyst behind the current rally. The eurozone’s broad money supply (M2) reached record highs in April, showing a 2.7% year-over-year expansion that aligns with the expansionary trajectory of the US monetary base. This monetary expansion has increased global liquidity, creating favorable conditions for risk assets including cryptocurrencies. The European Central Bank’s data shows the Euro Area Money Supply M2 at 15.74 trillion euros for May 2025, up 3.55% from one year ago.
Global liquidity conditions continue supporting cryptocurrency valuations, as Bitcoin’s price closely follows global liquidity trends. When there is more money available in the financial system, asset prices tend to rise, and the current monetary expansion across major economies is providing this supportive backdrop. The relationship between M2 money supply and Bitcoin’s market cycles has historically been strong, with growth in M2 correlating with Bitcoin’s bull cycles.
Institutional adoption continues accelerating, with major financial institutions increasing their cryptocurrency exposure and regulatory clarity improving in key markets. The combination of these fundamental drivers with technical breakouts has created a perfect storm for upward price action across Bitcoin, Ethereum, XRP, and Dogecoin.
Bitcoin Price Nears $110K Resistance
Bitcoin price performance has been particularly impressive, with the flagship cryptocurrency demonstrating new strength in the second part of the week. Wednesday’s nearly 3% surge pushed Bitcoin to test the critical $109,800 resistance level, marking the highest valuation in over a month. Thursday’s additional 0.5% gain has solidified this momentum, with Bitcoin currently trading at $109,406.
The technical picture for Bitcoin remains overwhelmingly bullish, as the cryptocurrency has successfully broken through multiple resistance zones. Trading volumes have increased significantly during this rally, indicating genuine buying interest rather than low-volume manipulation.
As shown in the chart above, however, Bitcoin’s price continues to move within the same consolidation channel, with the upper boundary marked by the May all-time high. While the recent gains allowed BTC to break above the trendline connecting the lower highs formed since then, it still faces a fairly strong bearish resistance ahead.
“The macro backdrop for Bitcoin’s long-term bullish market structure remains broadly supportive. Inflationary pressures are building up again, the U.S. dollar is softening, and equities are breaking into new all-time highs, all of which keep Bitcoin’s structural bullish thesis intact. But until a clear macro catalyst emerges, the market seems hesitant to push higher,” said Ray Yossef, CEO of crypto app NoOnes and a long-time Bitcoin advocate.
Related: Bitcoin Sets Record Close in June, With July BTC Price Predictions Target $115K
Ethereum Price Is Back Above $2,500
Ethereum price has delivered even more impressive gains than Bitcoin, with a 7% surge on Wednesday that tested intraday highs at $2,620. Thursday’s continued momentum has added over 1% to Ethereum’s value, bringing the current price to $2,598, representing the highest level in a month.
My technical analysis shows that, like Bitcoin, Ethereum is also moving within a consolidation range, recently testing its lower boundary near $2,400. On Wednesday, the price bounced off that level, reopening the path toward the upper band, which lies between $2,750 and $2,830
The Ethereum network’s fundamental strength continues driving investor interest, with smart contract activity reaching new highs and decentralized finance protocols showing robust growth. This technical innovation, combined with Ethereum’s proof-of-stake consensus mechanism, has positioned the network as a cornerstone of the evolving digital economy.
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XRP Price Movement: Regulatory Clarity Driving Growth
XRP price has demonstrated steady upward momentum, with a 1.75% gain on Wednesday followed by another 1.75% increase on Thursday. Current trading levels around $2.2764 represent significant progress for the digital asset, though technical analysis indicates that the $2.30 level remains a crucial resistance point on the XRP/USDT chart.
The recent XRP price surge coincides with improving regulatory clarity surrounding the digital asset’s classification and usage. Legal developments have reduced uncertainty that previously weighed on investor sentiment, allowing XRP to participate more fully in the broader cryptocurrency rally.
Cross-border payment adoption continues expanding for XRP, with financial institutions increasingly recognizing the token’s utility for international transactions. This real-world usage provides fundamental support for XRP’s current price levels and suggests potential for sustained growth.
On the technical front, XRP broke out of a bearish regression channel some time ago, opening the door to potential stronger gains. However, appreciation is currently being capped by a key resistance zone around $2.30, which has halted price advances three times since early June. Only a breakout above this level would pave the way for XRP to retest the May highs above $2.60.
Dogecoin Price Action: Meme Coin Momentum
Dogecoin price has emerged as one of the strongest performers in the current rally, adding over 7% to its value on Wednesday and continuing with a 2.5% gain on Thursday. The meme cryptocurrency has established new local highs at the $0.1750 level, demonstrating remarkable resilience and investor interest.
The Dogecoin surge reflects broader risk-on sentiment in cryptocurrency markets, with investors showing renewed appetite for higher-volatility digital assets. Social media engagement around Dogecoin has increased substantially, contributing to the positive momentum and attracting new participants to the market.
From a technical standpoint, Dogecoin remains weak. It continues to trade near local lows and is still far from the key resistance zone between $0.19 and $0.20. While the bounce from the local bottom at $0.15 and the breakout from the bearish regression channel allowed it to recover above the May lows around $0.1674, the May highs near $0.26 still appear to be a distant target.
Bitcoin, Ethereum and XRP Price Predictions and Analyst Perspectives on Digital Asset Rally
Bitcoin price predictions for 2025 have reached unprecedented levels, with Standard Chartered projecting Bitcoin could reach $135,000 by Q3 2025. The bank’s analysis emphasizes macroeconomic factors including inflation and global recovery as key drivers, while highlighting Bitcoin’s evolution from speculative asset to recognized store of value.
Ethereum price predictions show consistency across multiple forecasting models. October 2025 projections suggest ETH will trade between $3,300 and $3,400, with technical charts showing bullish flag formations and potential upside targets around $3,400.
Year-end 2025 forecasts anticipate Ethereum closing between $3,500 and $3,700, marking yearly highs supported by institutional backing and rising demand for Ethereum-based applications. The Moving Average Convergence Divergence (MACD) signals continuation of bullish momentum, with increasing volumes supporting the rally.
XRP price predictions present the widest range among major cryptocurrencies, reflecting ongoing regulatory uncertainties and potential catalysts. CoinPedia’s analysis suggests XRP could reach $5.81 by the end of 2025, with potential lows around $2.30 and average prices near $4.89.
More aggressive XRP forecasts project the token could hit $26.50 by 2030 and $526 by 2050, driven by institutional adoption and resolution of legal challenges. The potential approval of an XRP ETF in 2025 represents a significant catalyst that could accelerate these timelines.
2025 Crypto Price Prediction Table
The convergence of institutional adoption, regulatory clarity, and technical momentum creates a compelling case for the bullish price predictions outlined above. However, cryptocurrency markets remain inherently volatile, and these forecasts should be considered alongside appropriate risk management strategies.
Crypto News, FAQ
Why Are Cryptos Going Up Right Now?
Cryptocurrencies are experiencing significant upward momentum due to a convergence of powerful market forces. Eurozone monetary expansion has emerged as a key catalyst, with the broad money supply (M2) reaching record highs in April and showing a 2.7% year-over-year expansion that aligns with US monetary base growth. This increased global liquidity creates favorable conditions for risk assets including cryptocurrencies.
Why Will Crypto Rise Again?
The cryptocurrency market is positioned for continued growth based on several structural developments that support long-term appreciation. Institutional infrastructure has matured significantly, with major corporations, pension funds, and sovereign wealth funds allocating substantial portions of their portfolios to digital assets. This institutional foundation provides stability and sustained demand that wasn’t present in previous market cycles.
Which Crypto Will Give 1000x in 2025?
While established cryptocurrencies like Bitcoin and Ethereum offer more conservative growth prospects, several emerging projects are positioned for exponential returns. Bitcoin Hyper ($HYPER) represents a compelling 1000x opportunity as a layer-2 solution leveraging Solana’s Virtual Machine to bring speed and scalability to Bitcoin. Currently priced at $0.011825 in presale, the project recently reached $1 million valuation and offers staking rewards up to 1298% annual yield.
This article was written by Damian Chmiel at www.financemagnates.com.TrendingRead More
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