#Bitcoin prices fell nearly 3 per cent on Friday. Bitcoin was down by three per cent to $115,259, Ether tanked four per cent to $3,596. Meanwhile, blockchain farm operator Bitfarms dropped 4.1 per cent. The crypto market was on fire in July 2025, with BTC smashing through resistance, #Ethereum regaining dominance, and XRP reigniting hopes of another explosive rally.
Bitcoin has entered a new phase of price discovery, recently reaching a fresh all-time high of nearly $118,845. This move has been partially fueled by Donald Trump’s latest demand for a dramatic 3 per cent interest rate cut. This could lead institutional capital to invest in Bitcoin as a hedge against market volatility.
$BTC recently broke out of a rectangle consolidation zone, a classic setup that predicts substantial upside gains. Traders using this pattern are eyeing a near-term target of $125,000, with analysts like Metaplanet projecting long-term highs of $ 500,000–$1 million by 2030, supported by strong rth inflows and broader adoption.