Cryptocurrency
Bitcoin price prediction – “Will Bitcoin go back to the low”? Why the asset risks falling in price again
Experts explain what’s causing the rise in Bitcoin prices today and what events may affect the market soon. On July 29, Bitcoin reached a 1.5-month high of $24.4 thousand; its price went up by 5% per day, and by more than 26% over the month. Ethereum price rose to $1.77 thousand, showing a monthly increase of 70%. Current Bitcoin price is around $23,650.
Bitcoin price prediction
The largest altcoins by capitalization are also rising in price, and the total estimate of the cryptocurrency market exceeded $1.41 trillion, while a month ago it was $946 billion.
The rise in cryptocurrency prices accelerated on the evening of July 27, when the Federal Reserve announced a 75 basis point rate hike. Also, the appearance of precise dates for Ethereum’s transition to the Proof-of-Stake protocol had a positive impact on some token prices.
What factors are affecting the crypto-market at the moment, and what may be the dynamics of rates soon?
Downward pressure
The main reason for the growth of the CFA market in recent days is fundamental pressure on the market by the U.S. Federal Reserve. Tightening of the monetary policy occurs softly, without dramatic raises of rates over the forecasts.
Decreased pressure of authorities together with low rate of taper (gradual reduction of economic stimulation by central banks) allows cryptocurrency investors to increase volume of purchases without fear of price fall because of actions of regulators.
In the case of a positive scenario, Bitcoin may test the $30,000 level. The current volume of purchases and activity in the networks will not allow the price to grow significantly. As we remember, Bitcoin prices all-time high in 2021. Before we see the market rise to historic highs, the price could still fall this year. Therefore, I recommend buying cryptocurrency at current prices with an eye on the fact that there is a possibility of a price correction after the rise.
Intermediate Bottom
The corrective channel that started with the lowest prices in June emerged as an intermediate stop before further declines. This was confirmed by the price exiting through the upper boundary and returning back. Quotes were already moving to the lower boundary, but the situation became more complicated. Now there was another exit over the upper boundary, but it happened in the absence of the necessary conditions for growth.
The ascending wedge on the Bitcoin price chart, which indicates a limited upside potential. The price is on top, which does not allow an upward movement to develop. Globally, the situation has not changed, but further downward hikes will be possible already in the new formation.
The current price impulse has occurred without any serious reason, and soon nothing special is expected. Negative influence can be made by such factors as investigations concerning Coinbase or legislative decisions on stablecoins in the USA.
But the impact of external factors should not be overestimated, because the crypto market only matters supply and demand, not reporting, like the stock market, the expert said. He suggested that the increase in rates could simply contribute to large purchases in a situation of reduced liquidity.
Bitcoin prices by the end of 2022: Downside risks exist
In the coming weeks, the main focus of market players is on Ethereum’s transition to the PoS version, which will make adjustments to the activities of miners and investors around the world. The overall outlook for Ethereum is assessed positively. But the current growth in the value of ETH will probably not be unstoppable: there are risks of falling prices amid the problems of ETH 2.0.
Market participants are upbeat now, despite the recession risks in the US. The U.S. inflation data, which will be released in mid-August, will be slightly better than forecasts, and this will entail a positive reaction of the economy to the Fed’s actions. These events will cause stock markets to rise, which will also support crypto-asset prices.
If inflation data turns out to be bad, it will cause a flight out of risky assets, a drop in stock markets and an expectation of tougher Fed action. This is what could momentarily put pressure on cryptocurrency, causing prices to return to their sideways rally without a surge.
Now the main task of sellers is to prevent the enthusiasts, who bought Bitcoin at the exit of the channel for the first time (in mid-July), from making money. This means a possible movement downwards and fixing of stop-orders at $21K. After that, the support level will be broken and the rate will go down: at first, towards $19K and then to the local minimum of $17.5K. Well, the price growth up to $100K is rather Bitcoin price prediction 2025.
Cryptocurrency
Should Ripple’s XRP Be Part of the US Digital Asset Reserve? Community Debates
President Donald Trump splashed the crypto waters earlier this week when he signed an executive order focused on digital assets to be potentially included in the US reserves.
Although it’s not officially approved yet, the decision has sparked substantial debates within the community on which cryptocurrencies should be included or whether it should just be bitcoin.
The Debate
Ever since Trump changed his tune on the crypto industry last year and made dozens of optimistic promises during his election campaign, the talk of the town has been whether he will stay true to his word and establish a US BTC reserve.
The first portion of that plan would be for the US government to stop selling the seized BTC from illegal operations. However, Trump went further on Thursday by signing an executive order titled ‘Strengthening American Leadership in Digital Financial Technologies’ to explore the inclusion of various cryptocurrencies into the US reserve.
This sent shockwaves throughout the community, especially those favoring many US-based projects and their underlying assets, such as SOL, XRP, and ADA. Many believe that companies like Ripple are actually working against BTC in this manner by ‘throwing around millions at politicians, desperately trying to derail it.’
Brad Garlinghouse, Ripple’s CEO, refuted the accusations, saying their efforts ‘are actually increasing the likelihood of a crypto strategic reserve (which includes bitcoin) happening.’
Unless you are choosing to ignore the core tenants of the POTUS campaign (which aggressively supports American companies and technologies), our efforts are actually INCREASING the likelihood of a crypto strategic reserve (which includes bitcoin) happening.
— Brad Garlinghouse (@bgarlinghouse) January 23, 2025
No XRP, Please
Messari’s founder, Ryan Selkis, joined the anti-XRP front, indicating that the Ripple incentive is ‘toxic.’ He went further, described the project’s native token as a ‘piece of s**t,’ and said it would be better to have no crypto strategic reserve than to put XRP in it. Selkis concluded that BTC is the only exception and that it makes sense to be the sole crypto rep in that reserve.
America-First is not “American-Shitcoin First”
We’d be better off having no strategic reserve than one with a “endorsed” pieces of shit like XRP.
Still, I think Bitcoin is an exception.
1. Build different (with energy)
2. Lindy, mcap dominance, no insiders
3. Global traction https://t.co/eCNhKjpgSL— Ryan Selkis (d/acc) (@twobitidiot) January 23, 2025
In contrast, Cardano’s Charles Hoskinson, who has been collaborating with the Ripple team for a while now, said there’s no need to ‘base XRP’ and claimed that the strategic reserve will start as bitcoin-only.
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Cryptocurrency
Quick Hit: 3 Exciting Expert Bitcoin Price Predictions for 2025
Bitcoin’s price has been on a spectacular run for the past few months, going from under $70,000 to almost $110,000 to break its previous all-time high and mark a new one, well within six-digit territory.
The micro-scale has also turned positive as the asset recovered its 30-day percentage gain or loss to above 6% at the end of the week. The world’s most prominent cryptocurrency is trading at nearly double its price six months ago.
Furthermore, it can be had or sold for more than 100% of its exchange rate 12 months ago.
BTC Experts Remain Overwhelmingly Bullish
But, most Bitcoin experts surveying the market conditions for blockchain assets today are very bullish on the currency’s prospects for another extended leg up the chart over the coming months in 2025.
Some of the main reasons for the strong forward sentiment:
- First, there’s Donald Trump’s reelection, a new crypto-friendly SEC chair, and plans in Congress to appropriate US tax dollars to buy and hold Bitcoin in a strategic national reserve.
- Then there’s Bitcoin’s enormous demand, miner network participation, powerful use cases, limited currency supply, and the bullish phase of its four-year supply cycle.
- Finally, there’s the rapidly expanding US dollar supply under a low interest rate regime, four years of record-setting US budget deficits ahead, and economic and geopolitical uncertainty.
Here are three recent Bitcoin price predictions from cryptocurrency experts:
2025 Expert Bitcoin Price Predictions
Aquinas Wealth Advisors: $130,000
According to Christopher McMahon, CEO of Aquinas Wealth Advisors and author of “Faithful Finances,” Bitcoin’s price will top $130,000 this year. McMahon’s is the lowest of the three forward targets for BTC in 2025. He argues that institutional adoption of cryptocurrencies will make the numbers go up.
Motley Fool: $200,000
According to a cryptocurrency analyst at the popular investment website Motley Fool, $200,000 BTC is “not only possible but also… fairly probable.” He’s tracking Bitcoin’s steep historical trend line, new investors, especially globally, as well as governments and companies joining the blockchain race.
BlackRock: $700,000
Meanwhile, of all current expert Bitcoin price predictions, BlackRock CEO Larry Fink’s stands out most. The Wall Street executive warns Bitcoin’s price could rocket to $700,000 this year. The rocket fuel? Fink argues his math works out if a number of large hedge funds begin to allocate 2% to 5% of their holdings to BTC.
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Cryptocurrency
Bitcoin (BTC) Stable at $105K, Avalanche (AVAX) Gains 6% Daily (Weekend Watch)
Bitcoin’s price movements over the weekend have been quite underwhelming, but the asset has remained stable at around $105,000.
The altcoins are with minor gains on a daily scale but the weekend charts show a different picture for many of them.
BTC Holds Steady at $105K
The largest cryptocurrency went through a spectacular ride at the beginning of the business week. It began with a nosedive on Monday morning from $106,000 to under $100,000 before it exploded to a new all-time high of over $109,000. More volatility ensued before, during, and after Donald Trump’s inauguration speech as he failed to mention crypto.
Following a price slump to $101,000, the bulls stepped up and didn’t allow a price slump into five-digit territory. In fact, BTC started to recover some ground and spiked to $107,000 a few days later. It failed there and was pushed south by three grand on Saturday morning but has recovered from that decline and now sits about a grand higher with little to no movement over the past 12 hours.
Its market capitalization has climbed to $2.080 trillion on CoinGecko, while its dominance over the alts stands tall at 55.4%.
AVAX on the Rise
The largest altcoins have recovered some of the losses charted yesterday. Ethereum has bounced above $3,300 after a 1.3% daily increase, while XRP is above $3.1 following a similar increase. BNB, DOGE, and ADA stand in the same bracket.
Solana and Chainlink have gained around 3% each and now trade at $255 and $25, respectively. Avalanche has emerged as the top performer from the larger-cap alts, surging by 6% to $37.5.
The biggest gainers from the top 100 alts are XCN (91%), OM (30%), TAO (13%), and TRUMP (10%).
The total crypto market cap has recovered over $60 billion overnight and is up to $3.750 trillion on CG.
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