Bitcoin is approaching its all-time high amid a weakening US dollar and expectations of Fed's easing policy.
The cryptocurrency market is booming with strong growth in Bitcoin and many altcoins, driven by large ETF capital flows and positive investment sentiment from both individuals and institutions.
- Bitcoin is approaching ATH thanks to positive macro factors and capital flows from reputable ETFs like BlackRock, Fidelity.
- Altcoins are simultaneously rising, with Stellar, Lido DAO, and some meme coins showing double-digit increases.
- Large short position liquidation and the "Crypto Week" event at the US Congress are creating new momentum for the market.
How is Bitcoin approaching its all-time high in the context of a weak US dollar and Fed expectations?
The latest information shows Bitcoin trading around $112,152, slightly below the previous peak in May. This is a result of the weakening US dollar, along with expectations of interest rate cuts from the US Federal Reserve (Fed), causing investors to increase purchases of risky assets like cryptocurrencies.
Analyst Rekt Capital confirms that Bitcoin's downward trend has ended after the price recovered to $104,400 and forecasts the next target for Bitcoin to reach $120,000 or higher.
Bitcoin just reached a new high of $112,152, a strong signal reflecting whale buying and the dominance of smart investors in the market.
Santiment, Cryptocurrency Market Analyst, July 2025
The fact that many investors sold due to doubt and frustration in previous days is a positive sign that this breakout could continue.
Why are altcoins also booming alongside Bitcoin in this price surge?
The upward momentum is not limited to Bitcoin but has also spread to many altcoins. Stellar (XLM) leads with an 11.7% increase, mainly due to growing interest in cross-border payment applications. Lido DAO (LDO) rose 11.1% with high flexible Staking demand.
Meme coins like Dogwifhat (WIF) and Pepe (PEPE) also jumped nearly 11%, showing strong speculative activity in the market. Additionally, XRP increased over 5%, while Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) all rose 4-6%, supported by large trading volumes and a boost from cryptocurrency-supporting businesses.
Support from companies like GameSquare and SharpLink Gaming has helped improve cryptocurrency market sentiment and boost liquidity in major altcoins.
Cryptocurrency Market Analyst, 2025
How did the short position liquidation effect impact Bitcoin's recent price surge?
Nearly $465 million in short positions were liquidated in the past 24 hours, creating a powerful momentum for Bitcoin. Total liquidation reached $529 million, indicating a large-scale short squeeze.
Bitcoin's daily trading volume increased by 45%, exceeding $60 billion, while Futures Contract Open Interest also reached $79 billion, reflecting optimism among professional investors about the price increase trend.
What are the reasons and practical impacts of the US Congress hosting "Crypto Week" next week?
The "Crypto Week" from 14-19/7/2025 is expected to create a new boost for the market as legislators discuss key bills like the CLARITY Act to clearly define regulatory authority between SEC and CFTC, along with the GENIUS Act aimed at stablecoin regulations.
These proposals, pushed by Ripple and Coinbase leaders, aim to quickly bring cryptocurrency into a clearer legal environment, helping to increase trust and drive investment capital into the market.
How do organizational and macroeconomic factors play a role in the cryptocurrency market's recovery?
The increase in institutional interest, shown by over $2 billion flowing into Ethereum ETF funds, indicates a growing demand for accessing cryptocurrencies through professional management channels.
Additionally, the weakening US dollar and delayed trade tax have made risky assets more attractive to investors. The global stock market is recovering thanks to new technologies and AI, creating favorable conditions that have spread to the cryptocurrency market with Bitcoin as the primary driver.
Frequently Asked Questions
- What is Bitcoin's current trading price? Bitcoin is around $112,152, near its all-time high, resulting from positive macro factors.
- Which altcoins are rising strongly in this period? Stellar and Lido DAO lead with over 11% increases, along with several notable meme coin growths.
- How did the short squeeze impact the market? Large-scale short position liquidation helped drive Bitcoin's rapid price increase in a short time.
- How will "Crypto Week" affect the cryptocurrency market? This event brings together important bills to legalize and improve investment trust in cryptocurrencies.
- What is the role of ETF funds in the current trend? Million-dollar inflows into cryptocurrency ETFs help increase credibility and attract institutional investors.
