Bitcoin Dips Slightly, Analysts Still Bullish
Bitcoin (BTC) slid 1.05% to trade at $102,774, briefly touching an intraday low of $102,746. Despite this, analysts maintain a bullish long-term view, projecting BTC could reach $250,000 by year-end, citing institutional interest and macroeconomic trends.
Ethereum Falls Below $2,500
Ethereum (ETH) declined by 5.6%, now priced at $2,458. This drop has raised concerns of a deeper correction, with technical analysts pointing to a potential fallback to the $1,930–$2,100 support zone. The fall comes amid lower trading volumes and fading post-upgrade momentum.
Ripple’s Legal Setback Impacts XRP
A U.S. judge rejected a proposed $50 million settlement between Ripple and the SEC due to procedural issues. The ruling clouds the outlook for an XRP spot ETF and triggered a 4.1% decline in XRP’s value to $2.33. Investors are now eyeing key court dates for further clarity.
Dogecoin’s Open Interest Surges
In a surprising twist, Dogecoin (DOGE) saw a 64% jump in open interest, signaling a surge in leveraged positions. Traders appear to be betting on a short-term breakout, with sentiment driven by speculative activity and social media buzz.
Bitcoin Dominance Expected to Stabilize
A Binance report suggests BTC’s dominance will stabilize between 60–70% over the next 9 to 12 months. This projection reflects growing institutional trust in Bitcoin amid global economic uncertainties.
Bold Predictions from Analysts
- Scott Melker predicts Bitcoin could hit $250K in 2025.
- Chad Steingraber believes XRP has 100x potential, citing untapped institutional adoption and ongoing legal clarity as future catalysts.
Conclusion
Today’s crypto market activity reflects a consolidation phase as major tokens cool off after recent rallies. While short-term volatility remains, long-term sentiment from industry experts continues to point toward substantial upside—especially for BTC and select altcoins.