July 10, 2025 — By Crypto News Desk
The cryptocurrency market is showing strong signs of recovery today, with Ethereum leading the charge after gaining nearly 6% in the last 24 hours. ETH is currently trading just above $3,850, inching closer to the psychological $4,000 resistance zone, sparking optimism among traders.
Bitcoin (BTC) remains steady above $100,000, holding firm after last week’s sharp rally. Analysts say the market is currently in a consolidation phase, with potential for further upside if BTC maintains support above the $98,000 level.
Altcoins are also gaining traction. Solana (SOL) is up 8% amid growing interest in its ecosystem and recent DeFi protocol integrations. Meanwhile, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have seen renewed attention on social media, pushing prices up 4–7% today.
Key Highlights:
Ethereum (ETH) is targeting $4,000 with increased whale accumulation.
Bitcoin (BTC) holds above $100K, showing resilience after recent volatility.
Solana (SOL) surges on ecosystem growth and NFT activity.
Meme coins bounce back as retail interest resurges.
Institutional Interest on the Rise:
Investment firms like BlackRock and Fidelity have continued accumulating BTC and ETH through spot ETFs, a trend that analysts say could support long-term price growth. According to Glassnode, institutional wallets now hold over 6.5% of the total Bitcoin supply — a new all-time high.
What's Next?
With CPI data from the U.S. Federal Reserve expected later this week, traders are watching closely for signs of inflation pressure, which could impact risk asset markets. A favorable reading could trigger a bullish breakout across crypto markets.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing in cryptocurrencies.
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