Why Is Crypto Going Up? Bitcoin, XRP, Dogecoin and Ethereum Are Surging Today
Thecryptocurrency market is experiencing a significant surge today, with Bitcoin(BTC) price climbing nearly 3% during Wednesday's session to test the $109,800level, followed by an additional 0.5% gain on Thursday. This bullish momentumextends across major digital assets, as Ethereum (ETH) price jumped 7% onWednesday and continues rising over 1% today, while Dogecoin (DOGE) price andXRP price are also posting substantial gains amid renewed investor optimism.
In thisarticle, I examine why crypto is going up today and what the latest price predictionsare for Bitcoin, Ethereum, Doge, and XRP for July 2025.
The currentcryptocurrency rally stems from multiple converging factors that are drivinginstitutional and retail investor confidence. Market sentiment has shifteddramatically as digital assets break through key resistance levels, withBitcoin price reaching its strongest position in over a month at $109,406. Thissurge represents a clear departure from recent consolidation patterns,signaling renewed bullish momentum across the entire crypto ecosystem.
Eurozonemonetary expansionhas emerged as a significant catalyst behind the current rally. The eurozone'sbroad money supply (M2) reached record highs in April, showing a 2.7%year-over-year expansion that aligns with the expansionary trajectory of the USmonetary base. This monetary expansion has increased global liquidity, creatingfavorable conditions for risk assets including cryptocurrencies. The EuropeanCentral Bank's data shows the Euro Area Money Supply M2 at 15.74 trillion eurosfor May 2025, up 3.55% from one year ago.
Globalliquidity conditions continue supporting cryptocurrency valuations, as Bitcoin's price closely followsglobal liquidity trends. When there is more money available in the financialsystem, asset prices tend to rise, and the current monetary expansion acrossmajor economies is providing this supportive backdrop. The relationship betweenM2 money supply and Bitcoin's market cycles has historically been strong, withgrowth in M2 correlating with Bitcoin's bull cycles.
Institutionaladoption continues accelerating, with major financial institutions increasing their cryptocurrencyexposure and regulatory clarity improving in key markets. The combination ofthese fundamental drivers with technical breakouts has created a perfect stormfor upward price action across Bitcoin, Ethereum, XRP, and Dogecoin.
Bitcoin Price Nears $110KResistance
Bitcoinprice performance has been particularly impressive, with the flagshipcryptocurrency demonstrating new strength in the second part of the week.Wednesday's nearly 3% surge pushed Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term to test the critical $109,800resistance level, marking the highest valuation in over a month. Thursday'sadditional 0.5% gain has solidified this momentum, with Bitcoin currentlytrading at $109,406.
Thetechnical picture for Bitcoin remains overwhelmingly bullish, as thecryptocurrency has successfully broken through multiple resistance zones.Trading volumes have increased significantly during this rally, indicatinggenuine buying interest rather than low-volume manipulation.
As shown inthe chart above, however, Bitcoin’s price continues to move within the sameconsolidation channel, with the upper boundary marked by the May all-time high.While the recent gains allowed BTC to break above the trendline connecting thelower highs formed since then, it still faces a fairly strong bearishresistance ahead.
"Themacro backdrop for Bitcoin’s long-term bullish market structure remains broadlysupportive. Inflationary pressures are building up again, the U.S. dollar issoftening, and equities are breaking into new all-time highs, all of whichkeep Bitcoin’s structural bullish thesis intact. But until a clear macrocatalyst 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 BackAbove $2,500
Ethereumprice has delivered even more impressive gains than Bitcoin, with a 7% surge onWednesday that tested intraday highs at $2,620. Thursday's continued momentumhas 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 movingwithin a consolidation range, recently testing its lower boundary near $2,400.On Wednesday, the price bounced off that level, reopening the path toward theupper band, which lies between $2,750 and $2,830
TheEthereum network's fundamental strength continues driving investor interest,with smart contract activity reaching new highs and decentralized financeprotocols showing robust growth. This technical innovation, combined withEthereum's proof-of-stake consensus mechanism, has positioned the network as acornerstone of the evolving digital economy.
You may also like: How High Can Bitcoin Go? BTC Price Eyes $140K Summer Target as Institutions Drive Predictions of New Rally
XRP Price Movement:Regulatory Clarity Driving Growth
XRP pricehas demonstrated steady upward momentum, with a 1.75% gain on Wednesdayfollowed by another 1.75% increase on Thursday. Current trading levels around$2.2764 represent significant progress for the digital asset, though technicalanalysis indicates that the $2.30 level remains a crucial resistance point onthe XRP/USDT chart.
The recentXRP price surge coincides with improving regulatory clarity surrounding thedigital asset's classification and usage. Legal developments have reduceduncertainty that previously weighed on investor sentiment, allowing XRP toparticipate more fully in the broader cryptocurrency rally.
Cross-borderpayment adoption continues expanding for XRP, with financial institutionsincreasingly recognizing the token's utility for international transactions.This real-world usage provides fundamental support for XRP's current pricelevels and suggests potential for sustained growth.
On thetechnical front, XRP broke out of a bearish regression channel some time ago,opening the door to potential stronger gains. However, appreciation iscurrently being capped by a key resistance zone around $2.30, which has haltedprice advances three times since early June. Only a breakout above this levelwould pave the way for XRP to retest the May highs above $2.60.
Dogecoin Price Action:Meme Coin Momentum
Dogecoinprice 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 onThursday. The meme cryptocurrency has established new local highs at the$0.1750 level, demonstrating remarkable resilience and investor interest.
TheDogecoin 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 themarket.
From a technical standpoint, Dogecoin remains weak. It continues to tradenear 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 fromthe 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 XRPPrice Predictions and Analyst Perspectives on Digital Asset Rally
Bitcoinprice predictions for 2025 have reached unprecedented levels, with StandardChartered projecting Bitcoin could reach $135,000 by Q3 2025. The bank'sanalysis emphasizes macroeconomic factors including inflation and globalrecovery as key drivers, while highlighting Bitcoin's evolution fromspeculative asset to recognized store of value.
Ethereumprice predictions show consistency across multiple forecasting models. October2025 projections suggest ETH will trade between $3,300 and $3,400, withtechnical charts showing bullish flag formations and potential upside targetsaround $3,400.
Year-end2025 forecasts anticipate Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term closing between $3,500 and $3,700, markingyearly highs supported by institutional backing and rising demand forEthereum-based applications. The Moving Average Convergence Divergence (MACD)signals continuation of bullish momentum, with increasing volumes supportingthe rally.
XRP pricepredictions present the widest range among major cryptocurrencies, reflectingongoing regulatory uncertainties and potential catalysts. CoinPedia's analysissuggests XRP could reach $5.81 by the end of 2025, with potential lows around$2.30 and average prices near $4.89.
Moreaggressive XRP forecasts project the token could hit $26.50 by 2030 and $526 by2050, driven by institutional adoption and resolution of legal challenges. Thepotential approval of an XRP ETF in 2025 represents a significant catalyst thatcould accelerate these timelines.
2025 Crypto Price Prediction Table
|
Cryptocurrency |
Conservative 2025 Target |
Bullish 2025 Target |
Potential 2030 Range |
|
Bitcoin |
$120,000 - $135,000 |
$175,000 - $200,000 |
$400,000 - $500,000 |
|
Ethereum |
$3,200 - $3,700 |
$4,500 - $5,000 |
$10,500 - $30,000 |
|
XRP |
$4.50 - $5.81 |
$8.00 - $15.00 |
$26.50 - $50.00 |
|
Dogecoin |
$0.25 - $0.35 |
$0.50 - $0.75 |
$1.00 - $2.00 |
Theconvergence of institutional adoption, regulatory clarity, and technicalmomentum creates a compelling case for the bullish price predictions outlinedabove. However, cryptocurrency markets remain inherently volatile, and theseforecasts should be considered alongside appropriate risk managementstrategies.
Crypto News, FAQ
Why Are Cryptos Going UpRight Now?
Cryptocurrenciesare experiencing significant upward momentum due to a convergence of powerfulmarket forces. Eurozone monetary expansion has emerged as a key catalyst, withthe broad money supply (M2) reaching record highs in April and showing a 2.7%year-over-year expansion that aligns with US monetary base growth. Thisincreased global liquidity creates favorable conditions for risk assetsincluding cryptocurrencies.
Why Will Crypto RiseAgain?
Thecryptocurrency market is positioned for continued growth based on severalstructural developments that support long-term appreciation. Institutionalinfrastructure has matured significantly, with major corporations, pensionfunds, and sovereign wealth funds allocating substantial portions of theirportfolios to digital assets. This institutional foundation provides stabilityand sustained demand that wasn't present in previous market cycles.
Which Crypto Will Give1000x in 2025?
Whileestablished cryptocurrencies like Bitcoin and Ethereum offer more conservativegrowth prospects, several emerging projects are positioned for exponentialreturns. Bitcoin Hyper ($HYPER) represents a compelling 1000x opportunity as alayer-2 solution leveraging Solana's Virtual Machine to bring speed andscalability to Bitcoin. Currently priced at $0.011825 in presale, the projectrecently reached $1 million valuation and offers staking rewards up to 1298%annual yield.
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