• Reached $790-$796 with a market cap of $110.87 billion, ranking fifth among cryptocurrencies
• Daily performance shows a growth of +2.67% with a trading volume of $2.43 billion
• Recently achieved a record price of $804 (July 23, 2025)
• Symbolic achievement: surpassing Nike's valuation of $109.79 billion
Growth support factors
• Broader cryptocurrency market gains with a total market cap growth of 13.3% during July
• Supportive regulatory developments: GENIUS and CLARITY laws providing clearer frameworks
• Strong technical position with an upward trend in the 200-day moving average since the beginning of 2025
• Positive macroeconomic dynamics include expected interest rate cuts from the Federal Reserve
Trading perspectives
• Current technical support area: $768-$790
• Long/short buy-sell ratio at 12.35 indicates strong buying trends
• Analysts' forecasts suggest a potential reach of $1200
• Strategic opportunities: breakout trades upon surpassing the ATH of $804 or accumulation during pullbacks to support areas
Market sentiment analysis
• Community expectations are significantly positive (88.21% supporters vs. 11.79% opponents)
• Strong on-chain activity reinforces fundamental strength
• Increased institutional participation indicates progress in mainstream adoption of the currency