Monat: Juli 2025

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Best crypto to buy now as analysts see Bitcoin hitting $200K

  • Bitcoin Pepe‘s presale has seen continued momentum ever since it was launched in February.
  • The presale has raised over $16 million.
  • As per the team, the BPEP token is set to be listed on MEXC and BitMart.

Crypto market sentiment remained stable on Wednesday, even as Bitcoin continued to hover near the $107,000 level.

Traders appear to be in a wait-and-watch mode ahead of key US economic data releases scheduled for Thursday.

The upcoming reports include May job openings from the US Job Openings and Labor Turnover Survey (JOLTS), as well as June’s non-farm payrolls and unemployment rate figures that could influence market expectations around monetary policy.

At the European Central Bank’s forum on Tuesday, Federal Reserve Chair Jerome Powell reiterated that decisions on rate cuts will be data-dependent but offered no guidance on the timing of any potential policy shifts.

Even in this cautious environment, one early-stage project has continued to grab attention.

Bitcoin Pepe has seen continued momentum ever since it was launched in February.

Bitwise sees BTC hitting $200,000

“It’s been a mixed year for crypto asset prices,” Bitwise’s Matt Hougan and Ryan Rasmussen wrote, noting that Bitcoin reached a new all-time high of $112,000 in May, driven by strong ETF inflows, increasing adoption by treasury-focused companies, and the establishment of a US strategic bitcoin reserve.

In contrast, Ethereum and Solana have both posted year-to-date losses, a divergence the firm attributes to macroeconomic uncertainty and uneven investor sentiment.

Despite the disparity, Bitwise remains optimistic about the second half of the year.

“We’re holding firm to our BTC $200k prediction, as there is simply too much institutional demand for BTC to keep prices flat for long,” Hougan said.

While the firm expressed less confidence in the outlook for ETH and SOL, it cited potential tailwinds from ETF approvals, growing interest in stablecoins, and the rise of ETH and SOL treasury firms.

Bitwise’s forecast that Bitcoin ETF inflows will exceed last year’s $35 billion remains intact, with wider distribution through major wealth platforms supporting that projection.

Bitcoin Pepe’s resilience

The crypto market has seen heightened volatility in recent months, with sharp rallies, steep pullbacks, and shifting investor sentiment defining the landscape.

Despite these fluctuations, the Bitcoin Pepe presale has shown resilience, continuing to attract steady capital inflows.

The sustained interest indicates that the project may be well-positioned to weather current market conditions.

As the first meme-centric Layer 2 on the Bitcoin network, Bitcoin Pepe aims to differentiate itself by combining Bitcoin’s foundational security with scalability features typically associated with platforms like Solana.

This blend of robust infrastructure and cultural relevance distinguishes it from many meme tokens that lack technical depth.

To advance its Layer 2 development, Bitcoin Pepe has entered into partnerships with Super Meme, Catamoto, and Plena Finance.

The project’s strategy of pairing functional utility with meme-driven appeal appears to be gaining traction in the market.

The presale has raised over $16.2 million so far, with BPEP tokens priced at $0.0437.

Listings on MEXC and BitMart are planned, moves that are expected to improve liquidity, enhance visibility, and bolster credibility.

The final listing announcement is scheduled for July 31, drawing additional investor attention as the presale approaches its final stages.

The post Best crypto to buy now as analysts see Bitcoin hitting $200K appeared first on CoinJournal.

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BTC trades stably near $105.5K; institutional ETF inflows reached $2.2B last week

Bitcoin (BTC) is trading steadily above the $105,500 mark as the Asian trading day gets underway on Wednesday.

This comes after a slight correction from the $107,000 level it held during US business hours.

Despite the significant geopolitical upheaval of the past few weeks, including a US strike on Iran that surprised both geopolitical experts and prediction market bettors, Bitcoin has once again demonstrated its resilience as a store of value.

CoinDesk market data shows that the asset class has remained remarkably stable over the last month, up a modest 1%.

A disciplined climb: HODLers stand firm

However, this return to a price point that is within striking distance of Bitcoin’s all-time high of nearly $111,000 (hit in May) feels different this time, according to market observers.

It’s characterized by a sense of discipline rather than the euphoria that often accompanies bull runs.

Unlike the breakout above $100,000 in December 2024, which triggered a significant wave of profit-taking, long-term investors now appear content to sit on their unrealized gains.

This observation is supported by analysis from Glassnode in their weekly note.

“HODLing appears to be the dominant market mechanic,” the Glassnode analysts wrote.

They pointed to a surge in the supply held by long-term holders, which has now reached 14.7 million BTC, coupled with historically low levels of realized profits.

This on-chain activity strongly indicates a limited desire to sell, even as Bitcoin trades just below its record highs.

Further reinforcing this narrative of restraint, metrics such as the adjusted Spent Output Profit Ratio (aSOPR) are hovering just above the breakeven point, according to Glassnode.

This suggests that the coins currently being spent are, for the most part, recent acquisitions involved in tactical trades rather than representing a broad distribution or sell-off by long-term holders.

Meanwhile, Glassnode data also shows that the “Liveliness” metric continues to decline, a clear sign that older, long-held coins remain dormant in their wallets.

The institutional undercurrent: steady demand meets rising leverage

This patience from seasoned investors is being met with persistent institutional demand.

In its daily markets update, trading firm QCP highlighted this trend, noting that market data indicates a substantial $2.2 billion in net inflows into spot Bitcoin ETFs just last week.

QCP described the overall tone of these flows as “constructive” and pointed out that dedicated crypto treasury companies such as Strategy and Metaplanet continue to accumulate Bitcoin.

These steady institutional inflows are quietly but fundamentally reshaping the market’s structure.

Bitcoin’s realized cap—a metric that measures the price at which coins last moved on-chain—has grown to an impressive $955 billion.

This growth is widely seen as a sign that real, committed capital, not just fleeting speculation, is flowing into the asset.

A fragile equilibrium: the standoff in the market

However, not everything is calm beneath the surface. QCP’s report also noted that leveraged long positions have been on the rise, with funding rates turning positive across major perpetual futures markets.

This indicates that short-term traders are increasingly using leverage to bet on further price increases.

Glassnode, in its analysis, warns that this situation may not be sustainable indefinitely. “The market may need to move higher, or lower, to unlock additional supply,” the firm wrote, suggesting that the current equilibrium between the unwavering conviction of long-term holders and the increasing leverage of short-term traders won’t hold forever.

Even major political news, such as the US Senate’s approval of the White House’s “Big Beautiful Bill,” has failed to produce a significant price reaction from Bitcoin.

This has led to a market that feels less like a stampeding bull run and more like a tense standoff. On one side are the long-term holders who are refusing to sell, and on the other are the short-term traders piling into leveraged positions.

This fragile equilibrium has market observers on the edge of their seats, wondering where the next major catalyst will come from and whether it will make Bitcoin’s next move an explosive one.

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BTC risks dropping to $100k as it slips below key support levels

Key takeaways

  • Bitcoin is down 1.5% in the last 24 hours and now trades below $106k.
  • The leading cryptocurrency by market cap risks dropping to $100k after failing to hold key support levels. 

The cryptocurrency market is having a poor start to the week, with Bitcoin relinquishing some of the gains it recorded last week. The world’s leading cryptocurrency by market cap has lost 1.5% of its value in the last 24 hours and now trades below $106k.

At press time, the price of Bitcoin stands at $105,503 and could drop further if the bearish trend continues. BTC dropped to the $105,250 region on Tuesday, failing to hold a key support level at $105,800.

With the bears currently in control, Bitcoin’s price could slip further in the coming hours or days. 

Bitcoin price forecast: $100K in sight for BTC amid selling pressure

The BTC/USD 4-hour chart is currently bearish but inefficient, indicating that sellers could likely sweep liquidity to the upside before Bitcoin’s price dips lower. The technical indicators on the 4H chart are bearish, suggesting selling pressure on the cryptocurrency.

The MACD lines have crossed into the negative zone, indicating that there are more sellers than buyers. Furthermore, the RSI of 46 shows that BTC has a weak buying pressure at the moment.

If the price slips and sustains below the moving averages, the BTC/USD pair could drop to the next major support level at $104,500. Failure to maintain this support level could see BTC test $100k for the first time since June 23rd. 

BTC/USD 4H Chart

However, the bearish setup will be invalidated if BTC rebounds and crosses the EPA (Efficient Price Action) level at $106,719 and rallies higher. Any 

Any move above the Inducement Liquidity (ILQ) at $107,866 could see Bitcoin rally towards $109k once again.

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SEC approves Grayscale’s conversion of BTC, ETH, SOL, XRP fund into an ETF

  • The U.S. Securities and Exchange Commission has approved Grayscale’s Digital Large Cap Fund conversion into a spot ETF.
  • The fund holds Bitcoin, Ethereum, XRP, Solana, and Cardano.
  • Experts expect approvals of multiple crypto spot ETFs.

The U.S. Securities and Exchange Commission (SEC) has approved the conversion of Grayscale’s Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF).

GDLC is a fund that holds mega cap cryptocurrencies Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA).

SEC’s approval, announced in a filing on Tuesday, marks a significant milestone for cryptocurrency investment products, particularly as investors eye further spot ETF nods from the regulator.

SEC approved Grayscale’s large-cap fund to convert into a spot ETF

This decision, announced on July 1, 2025, speaks to the SEC’s growing acceptance of regulated cryptocurrency investment products and investor’s quest for exposure.

Greenlight for Grayscale’s digital large-cap fund adds to the available spot ETFs in the US, notably spot Bitcoin and Ethereum ETFs that the regulator approved in 2024.

With this development, Grayscale’s fund will now trade on the NYSE Arca. The final deadline for SEC to either approve or reject the application was July 2, 2025.

“Approval was our expectation. The fund is over 90% Bitcoin and Ethereum. The next big date is Bitwise’s BITW deadline of July 31,” Bloomberg ETF analyst James Seyffart said. “But SEC could obviously go early.”

The newly approved ETF will include a basket of major cryptocurrencies, comprising Bitcoin (79.4%), Ethereum (11.6%), XRP (4.8%), Solana (2.9%), and Cardano (0.8%), mirroring the fund’s current holdings.

Bitcoin makes up largest share of the Grayscale Digital Large Cap Fund. Source: Bloomberg

Grayscale initially filed for this conversion on April 1, 2025, proposing a spot ETF structure to provide investors with direct exposure to these assets.

Following regulatory feedback, the company submitted an amended filing on June 30, 2025, with the SEC setting a final decision deadline of July 2, 2025. The approval order, released today, confirms the fund’s eligibility to list and trade shares, a process finalized ahead of schedule, highlighting the SEC’s streamlined approach to this application.

Experts say SEC will soon approve multiple crypto spot ETFs

Industry analysts anticipate that the SEC’s approval of Grayscale’s ETF signals the imminent approval of additional crypto spot ETFs.

Recently, Bloomberg ETF analyst Eric Balchunas highlighted the SEC’s imminent approvals. He pointed to the no further comments scenario around REX and Osprey Funds’ filings for a staked Solana (SOL) ETF as notable. That spot ETF, expected to launch on July 3, offers yield-generating staking features and is the first staked crypto ETF in the U.S.

SEC has recently delayed decisions on multiple spot crypto ETFs, including for XRP and SOL.

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Bitcoin to hit $200K by year end: Bitwise reaffirms bullish call

  • Bitwise has reiterated its bullish call for Bitcoin to reach $200,000 by year-end.
  • Bitwise said several of its December 2024 predictions for 2025 remain on track.
  • The firm is less certain about the outlook for Ethereum and Solana, both of which have underperformed this year.

At the midway point of 2025, digital asset manager Bitwise has reiterated its bullish call for Bitcoin to reach $200,000 by year-end, citing surging institutional interest and a supportive regulatory backdrop.

However, the firm is less certain about the outlook for Ethereum and Solana, both of which have underperformed this year.

In a note to clients published Tuesday, Bitwise Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen reviewed the firm’s 2025 forecasts, offering a mixed assessment of crypto market dynamics so far this year.

Bitcoin holds strong, ETH and SOL lag

“It’s been a mixed year for crypto asset prices,” Hougan and Rasmussen wrote.

“Bitcoin hit a new all-time high of $112,000 in May thanks to strong ETF flows, growing demand from bitcoin treasury companies, and the creation of a US strategic bitcoin reserve.”

Bitcoin’s gains stand in contrast to the performance of Ethereum and Solana, which are both down year-to-date.

The firm attributes this divergence to broader macroeconomic risks and uneven investor appetite.

Still, Bitwise remains optimistic about the second half of the year.

“We’re holding firm to our BTC $200k prediction, as there is simply too much institutional demand for BTC to keep prices flat for long,” Hougan said.

He added that while the firm is “less confident on ETH and SOL,” developments such as ETF approvals, rising interest in stablecoins, and the emergence of ETH and SOL treasury companies could provide upside.

Bitwise’s crypto predictions for 2025

Bitwise said several of its December 2024 predictions for 2025 remain on track.

The firm’s forecast that Bitcoin ETF inflows would surpass last year’s $35 billion is still in play, especially with expanded access to these products via major wealth platforms.

Bitwise also noted that two of its regulatory forecasts have materialized: the US Department of Labor rescinded crypto restrictions on 401(k) plans, and both Coinbase and Strategy (formerly MicroStrategy) secured positions in the S&P 500 and Nasdaq-100, respectively.

These moves have brought crypto exposure to a wider investor base through passive index-tracking funds.

Meanwhile, Bitwise said its prediction that at least five crypto unicorns would go public in the US in 2025 is now almost guaranteed, with firms like Circle, Webull, and eToro leading the charge in what has become a faster-than-expected IPO boom.

Not all bets are panning out. Bitwise acknowledged that the anticipated meme coin surge — led by AI-generated tokens — has not materialised.

The memecoin mania died down in Q1, Hougan said, pointing to the rapid collapse of politically themed tokens like TRUMP and MELANIA, as well as LIBRA, a coin linked to Argentina’s President Javier Milei.

Additionally, Bitwise’s forecast that Coinbase would surpass Charles Schwab in market capitalization and reach a share price of $700 is now seen as increasingly unlikely within the 2025 timeframe.

Its prediction that the number of countries holding Bitcoin in reserves would double — from nine to 18 — also appears ambitious, though the firm noted that recent disclosures by the United Arab Emirates and Pakistan have moved the needle.

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