Recently, with the rising enthusiasm in the crypto market, institutions frantically accumulating, Bitcoin hitting a historical new high, and overbought data, the noteworthy Ethereum is also continuously breaking through, leaving the bears powerless. Based on these situations, the bull market has truly arrived!
The specific performance is as follows ⬇️:
Bitcoin price breaks through with enhanced market dominance: On July 14, 2025, Bitcoin broke through the $120,000 mark, reaching a maximum of $123,100, setting a historical new high and ending an eight-month oscillation within the $90,000 to $110,000 range. Additionally, in 2025, Bitcoin's market dominance strongly broke through the 60% barrier, achieving a historical new high since 2021, with a market capitalization reaching $1.3 trillion.
Mainstream coins follow suit: Under Bitcoin's leadership, the cryptocurrency market is flourishing. In July 2025, Ethereum increased by over 18%, with mainstream coins like SOL and XRP following with gains of 3%-7%, while Stellar (XLM) skyrocketed by more than 90%.
Institutional funds continue to flow in: The approval of Bitcoin ETFs has played a key role, with the asset management scale growing to about $150 billion over the past two years, plus MicroStrategy's approximately $70 billion, totaling over $200 billion. These funds are essentially equity funds, making it difficult to trigger a panic sell-off even if coin prices drop, providing stable support for the market.
Macroeconomic environment and policy factors drive momentum: In the current macroeconomic environment, the Federal Reserve's interest rate cut expectations have led to a large-scale migration of risk-averse funds. Institutional investors need to find new investment targets to diversify risks and preserve value, with cryptocurrencies becoming one of the options. Additionally, the Trump administration's supportive stance towards cryptocurrencies, such as incorporating Bitcoin into the national cryptocurrency strategic reserve, has also injected confidence into the market.
Technical indicators and market sentiment are positive: Technical indicators show that the cryptocurrency market is exhibiting a healthy trend. Bitcoin's relative strength index (RSI) is at a high level but shows no significant overbought signals, with a clear arrangement of moving averages.
