Daily Crypto Signals: Bitcoin Surges Toward $125,000, Ethereum Rallies to 7-Month Highs
Bitcoin approaches a critical breakout above $118,500 with trader targets set at $125,000, while Ethereum surges past $3,750 for the first
Quick overview
- Bitcoin is nearing a critical breakout above $118,500, with traders targeting $125,000 amid a positive market sentiment.
- Ethereum has surged past $3,750 for the first time since December, contributing to one of the largest short squeezes in crypto history.
- MicroStrategy continues to aggressively purchase Bitcoin, increasing its holdings to over $71 billion, reflecting a growing institutional interest in cryptocurrencies.
- The overall cryptocurrency market capitalization has surpassed $4 trillion, indicating increased confidence and adoption within the ecosystem.
Bitcoin BTC/USD approaches a critical breakout above $118,500 with trader targets set at $125,000, while Ethereum ETH/USD surges past $3,750 for the first time since December amid one of crypto’s largest short squeezes. MicroStrategy signals another Bitcoin purchase as the company’s holdings exceed $71 billion in value.
Crypto Market Developments
The cryptocurrency market is still doing well in July 2025, with the overall market capitalization going over $4 trillion. Bitcoin’s share of the market has dropped to 61.4%, the lowest level since March, as traders move their money into other cryptocurrencies. This trend shows that people are becoming more confident in the crypto ecosystem as a whole, with institutional adoption reaching new heights through corporate treasury strategies and exchange-traded funds.
Even though there are signs of consolidation, the overall mood in the market is still positive. Social media measurements show that more and more people are buying things. The “GENIUS Act” has set up new rules for stablecoins that stop big digital companies and traditional institutions from taking over the market without having to meet rigorous structural requirements. This clear set of rules is likely to encourage more competition and new ideas in the digital asset industry.
Bitcoin Price Prediction: $125,000 Next Key Level to Watch?
Bitcoin (BTC) is holding steady around $118,500 as traders wait for a big breach above a critical resistance trend line. Technical analysts see a triangle pattern with solid support between $116,000 and $117,000, which means that the cryptocurrency is getting ready for its next big move. Marcus Corvinus, a well-known trader, says that if Bitcoin breaks out, it might reach $125,000. On the other hand, if it breaks down below support, it could drop to $111,000 or below.
MicroStrategy is still aggressively buying up Bitcoin, and co-founder Michael Saylor has hinted at another purchase through his usual social media tweets. The corporation has 601,550 BTC worth more than $71.4 billion, which means it has unrealized gains of over $28.5 billion. MicroStrategy’s stock has gone up 21.52% in the past month, bringing the company’s total value to over $118 billion. This corporate treasury technique has worked quite well. Bitcoin is becoming more and more a part of traditional finance, as seen by the fact that the company is now in the Nasdaq 100 index. This attracts institutional investors who can’t directly hold cryptocurrencies but want to participate in publicly traded companies that do.
Ethereum Crosses $3,750 on Sunday
Ethereum has done very well, rising above $3,750 to hit seven-month highs not seen since December 18, 2024. This amazing run has caused one of the biggest short squeezes in cryptocurrency history. Since July 1st, ETH has gained 20% in only one week and added more over $150 billion to its market capitalization. According to the Kobeissi Letter, a 10% rise in prices might cause another $1 billion in leveraged short positions to be sold.
James Wynn, a well-known trader, is back in the markets with aggressive leveraged bets. He has a 25x long position on Ethereum worth about $12.12 million at an entrance price of $3,726.28. This risky move comes as Ethereum gains a lot of momentum and gets closer to the important $4,000 resistance level that many analysts think will be tested soon. The altcoin’s rise is especially important since it is part of a larger trend away from Bitcoin domination. Many other cryptocurrencies are still selling 50–80% below their December 2024 highs, which means there is still a lot of room for growth in the industry.
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