Key takeaways: Bitcoin price faces volatility around $118K. Our Bitcoin price prediction expects BTC’s price to reach $160K by the end of 2025 due to the bullish sentiment following the halving event. By 2031, BTC might touch $350,548 following increased institutional adoption. Since the beginning of 2024, Bitcoin’s price has doubled, but it has seen a notable 45% increase in just the two weeks following the presidential election. This boost has solidified Bitcoin’s role in the so-called “Trump trade,” with the president-elect’s positive stance on the cryptocurrency industry fueling investor optimism about this emerging asset class. As Bitcoin’s on-chain activities surge, questions arise, such as: “Does Bitcoin have the potential to hold above the $100K mark?” or “Will Bitcoin go up?” or “Where will Bitcoin be in 5 years?” Let’s answer them using our Bitcoin price prediction. Overview Cryptocurrency Bitcoin Ticker BTC Price $118,100 (+1.1%) Market cap $2.11 Trillion Trading volume (24-hour) $42.13 Billion (+18.9%) Circulating supply 19.87 Million BTC All-time high $111,970; May 22, 2025 All-time low $0.04865; Jul 15, 2010 24-hour high $118,544 24-hour low $117,700 Bitcoin price prediction: Technical analysis Metric Value Current Price $118,100 Price Prediction $ 128,009 (10.76%) Fear & Greed Index 64 (Greed) Sentiment Bullish Volatility 1.77% Green Days 17/30 (57%) 50-Day SMA $ 106,055 200-Day SMA $ 87,760 14-Day RSI 54.56 Bitcoin price analysis TL;DR Breakdown: BTC price analysis shows that Bitcoin surges above $118K. Resistance for BTC is at $119,883 Support for BTC/USD is at $114,519 The BTC price analysis for 26 July confirms that BTC faces a surge in volatility as the price moved toward $118K. The price is now aiming for a consolidation above Fib levels. BTC price analysis 1-day chart: Bitcoin faces buying demand above $118K Analyzing the daily Bitcoin price chart, we see that Bitcoin faced minor bullish recovery as it surged toward $118K after a strong rejection. Currently, buyers are triggering minor domination, resulting in a move above immediate Fib levels. The 24-hour volume has surged to $950 million, showing a surge in trading interest today. BTC is trading at $118,100, surging by over 1.1% in the last 24 hours. BTCUSD Chart by TradingView The RSI-14 trend line has surged from its previous level and trades around the bullish region at 60, hinting that a bullish correction is on the edge. The SMA-14 level suggests volatility in the next few hours. BTC/USD 4-hour price chart: Bearish domination rises around EMA trend lines The 4-hour Bitcoin price chart suggests that bulls are strengthening their position to hold the price above the EMA trend lines. However, sellers are aiming for a trend continuation below $116K. BTCUSD Chart by TradingView The BoP indicator trades in a negative region at 0.12, showing that short-term sellers are taking a chance to accelerate a downward trend. However, the MACD trend line has formed green candles above the signal line, and the indicator aims for positive momentum, strengthening long-position holders’ confidence. Bitcoin technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 98,932 BUY SMA 5 $ 103,614 BUY SMA 10 $ 103,974 BUY SMA 21 $ 105,042 BUY SMA 50 $ 106,055 BUY SMA 100 $ 97,560 BUY SMA 200 $ 87,760 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $ 105,503 BUY EMA 5 $ 103,787 BUY EMA 10 $ 98,961 BUY EMA 21 $ 93,313 BUY EMA 50 $ 90,453 BUY EMA 100 $ 90,298 BUY EMA 200 $ 86,428 BUY What to expect from BTC price analysis next? The hourly price chart confirms that Bitcoin is attempting to drop below the immediate support line; however, bulls are eyeing a recovery rally in the coming hours. If BTC’s price holds momentum above $119,883, it will fuel a bullish rally to $123,344. BTCUSD Chart by TradingView If bulls fail to initiate a surge, the BTC price may drop below the immediate support line at $114,519, beginning a bearish trend to $107,425. Is Bitcoin a good investment? The rising institutional demand for Bitcoin etfs makes it a good investment option in the crypto market. However, Bitcoin has a short investment history filled with very volatile market value. Whether it is a good investment depends on your financial profile, investment portfolio, risk tolerance, and investment goals. It is suggested to conduct investment advice of the financial markets and understand the financial system risks. Why is Bitcoin up today? Bitcoin faced a surge in bullish pressure as buyers accumulated heavily around recent lows. This pushed the BTC price toward $118,100. Will the BTC price reach $100K? Bitcoin price broke its much-anticipated mark of $100K, aiming for a new ATH. The price currently prepares to maintain its buying demand above $120K. Will BTC reach $1 million? $1 million is a significant milestone for the BTC price. However, it is achievable if Bitcoin continues to attract institutional interest in the coming years. Is Bitcoin a good long-term investment? As several institutions continue to accumulate BTC and Bitcoin faces a rise in global recognition, Bitcoin has a solid long-term future. Recent news/opinions on BTC Bitcoin ETF volume is on a rising trend, recording $102.14 million in daily total net inflows on June 30, marking day 15 of a gigantic inflow streak that now totals $4.73 billion. It also marks the third consecutive month of total net inflows totaling $12.8 billion since April. Bitcoin price prediction July 2025 Bitcoin’s price jumped to $109,000, making Q2 its best quarter since 2020. In the second quarter of 2025 alone, it went up by 31%, showing strong market activity and growing investor trust. This rise is partly because, in the past, Bitcoin has often grown a lot after its “halving” events. Analysts think the current market is following the same pattern, which could mean we’ll see a peak around September 2025. Bitcoin’s price might attempt to maintain an average price of $105,000 and be pushed further, at least $113,000 if strong downward pressures are not seen. However, we might see a rejection on the bearish side, leading to a consolidation at around $101,000. Bitcoin Price Prediction Potential Low Potential Average Potential High Bitcoin Price Prediction July 2025 $101,000 $105,000 $113,000 Bitcoin price prediction 2025 Historically, Bitcoin has been a significant crypto coin in the year following a halving, and it is expected to push up its price. Bitcoin miners might play a crucial role in holding bullish sentiment for future price movements. Spot Bitcoin ETFs are projected to be a key driver of Bitcoin prices and the broader cryptocurrency market in 2025. As a result, Bitcoin’s trajectory might follow a bullish trend ahead with rising treasury term premium. Furthermore, there is an increasing bullish sentiment that the base interest rates could be cut in the US, and thus, help to further the upward movement of Bitcoin . An outcome of which the 2025 year could be positive for Bitcoin, with its crypto-price perhaps touching $160,000 at the highest and the low could be around $68,000. Bitcoin Price Prediction Potential Low Potential Average Potential High Bitcoin Price Prediction 2025 $68,000 $120,000 $160,000 Bitcoin Price Predictions 2026-2031 Year Minimum Price Average Price Maximum Price 2026 $115,000 $130,000 $185,000 2027 $140,491 $170,100 $216,738 2028 $164,063 $185,068 $244,142 2029 $195,629 $200,312 $255,321 2030 $225,903 $248,568 $270,593 2031 $285,058 $303,555 $350,548 Bitcoin price prediction 2026 Bitcoin might witness slow growth after 2025’s halving surge, resulting in a surge in selling pressure. However, more financial products including a surge in ETF flows might hold BTC prices within a bullish region. The digital assets market sentiment shows bullish signals for Bitcoin hit new highs. As the overall sentiment gives a bullish outlook, one should research more about Bitcoin before investing. We might see a maximum price of $185,000, with a minimum price of $115,000 and average price of $130,000. However, BitMEX Ceo Arthur Hayes predicted the BTC price to touch $700K in 2026. Bitcoin price prediction 2027 Based on a detailed technical analysis of past Bitcoin price data, it is projected that in 2027, Bitcoin could see a minimum price of $140,491. The potential maximum price is estimated to be $216,738, with an average value of $170,100. Bitcoin price prediction 2028 By 2028, Bitcoin’s price is expected to reach a low of $164,063. Maximum price projections are as high as $244,142, averaging about $185,068 for the year. Bitcoin price forecast 2029 Projections for 2029 suggest that Bitcoin could be valued at a minimum of $195,629. The price may peak at as much as $255,321, with an average throughout the year expected to be around $200,312. Bitcoin (BTC) price prediction 2030 The forecast for 2030 suggests that Bitcoin’s price could start at a minimum of $225,903 and potentially rise to a maximum of $270,593. The average price is anticipated to stabilize at about $248,568 throughout the year. Bitcoin price prediction 2031 The forecast for 2030 suggests that Bitcoin’s price could start at a minimum of $285,058 and potentially rise to a maximum of $350,548. The average price is anticipated to stabilize at about $303,555 throughout the year. BTC price predictions Bitcoin Market Price Prediction: Analysts’ BTC Price Forecast Firm Name 2025 2026 Gov.Capital $118,300 $161,352 DigitalCoinPrice $135,487 $155,444 TradingBeasts $107,544 $154,235 CoinCodex predicts Bitcoin’s price could reach $158,827 by 2025, using the Bitcoin Rainbow Chart based on past volatility and the cyclical nature of Bitcoin Halving events. Cathie Wood of Ark Invest forecasts Bitcoin may hit $600,000 by 2030, with a potential rise to $1.5 million in her bull case scenario after Bitcoin ETF approval (Bitcoin exchange traded funds). Cryptopolitan’s Bitcoin (BTC) Price Prediction A surge in bitcoin adoption and the expansion of the Bitcoin ecosystem might end the controversy of “Bitcoin bubble” in future. This might boost the Bitcoin cost and strengthen the Bitcoin network. At Cryptopolitan, we are bullish on Bitcoin’s future price as the historical market sentiment is extremely impressive. By the end of 2025, Bitcoin might record a maximum of $160,000, with a minimum price of $68,000 and an average price of $120,000. However, Bitcoin’s future market potential entirely depends on its buying demand, regulation, and investor sentiment regarding long-term holdings. Crypto analysts provide a positive sentiment as macroeconomic trends turn promising. We expect Bitcoin price to surpass a high of $216,000 by the end of 2027. Bitcoin historic price sentiment BTC price history: Coinmarketcap Satoshi Nakamoto created Bitcoin in 2009, marking the first use of blockchain technology. Bitcoin was initially of little value, gaining significant traction and hitting over $15,000 during the 2017 boom, with further highs reached in 2019 and 2021. In 2021, Bitcoin peaked at $68,789.63 but dropped to $15,760 by December 2022 amid economic pressures, including inflation and geopolitical conflicts. By April 10, 2023, Bitcoin’s price surged 83%, breaking the $30,000 resistance level. Throughout mid-2023, Bitcoin’s value hovered around $30,000, nearly reaching $32,000 due to positive market sentiments and potential ETF approvals. Bitcoin experienced a significant price drop in mid-August 2023, falling to $25,000. However, its prices remained volatile, fluctuating between $26,000 and $29,500 in October. Bitcoin closed 2023 above $42,000, a 155% increase from the year’s start. In early 2024, Bitcoin rose above $45,000 on ETF anticipation but briefly dipped below $40,000 after approvals. It broke its 2021 all-time high in March, reaching $73,750.07 on March 14, before dropping below $60,000 in April. May saw another surge above $70,000, while June and July brought heavy fluctuations between $70K and $55K. Bitcoin rallied to $66K in September after a Fed rate cut, climbed to $70K in October’s Uptober rally, and surged toward $108K following Donald Trump’s victory in the November US elections. BTC ended 2024 consolidating below $95K. At the start of January 2025, BTC was trading between $92,788.13 and $95,824.39. However, it formed an ATH at $109,114 on January 20. In the weeks of February, the price of BTC dropped heavily as it dropped toward the $78K low. In March, the price of Bitcoin declined heavily and dropped toward a low of $76.6K. In April, the price of Bitcoin started recovering. By the end of April, it neared the critical $95K zone. In May, Bitcoin price skyrocketed and it formed a new ATH at $111,970. However, the price declined later, toward $104K. By the end of June, BTC price reclaimed the $108K level.
The U.S. Department of Justice is cracking down on yet another cryptocurrency fraud ploy. The losses amount to tens of millions, and it’s expected that more will be identified. An Elaborate Scheme The U.S. Attorney’s Office in the Western District of Washington filed a civil action on Tuesday, demanding the forfeiture of cryptocurrency assets valued at roughly $7.1 million. The funds were seized during an investigation into a scheme involving fraudulent investment in oil and gas, which Acting U.S. Attorney Teal Luthy Miller announced. The assets are only a fraction of the $97 million obtained by coconspirators between June 2022 and July 2024, which Homeland Security Investigations seized in December last year. “The co-schemers in this fraud moved their ill-gotten gain through various cryptocurrency accounts to try to launder the money stolen from victims,” said Attorney Miller. “Federal investigators and prosecutors in our office moved as quickly as possible to trace and seize the cryptocurrency so that some of the losses can be returned to victims.” According to the filing and other case records, the plot was presented as escrow accounts for purchasing oil tank storage in either Rotterdam, the Netherlands, or Houston, which spanned from at least August 2022 through August 2024. The victims were convinced to send money to these accounts, where the conspirators indicated that investors could make significant profits by renting out the oil tank storage to others. At least seven separate entities have been marked where funds were sent. However, the good news ended there, as once the funds were sent, no further information on the investment was provided, and the co-schemers just stopped replying. How The Funds Were Moved A resident from Newcastle, Washington, Geoffrey K. Auyeung, 47, was indicted as a coconspirator in the U.S in August 2024, being charged with receiving the majority of the funds generated by the deceptive plan. The money was quickly shuffled to one or more of at least 81 accounts at various institutions, either offshore or not, or to one of the at least 19 different crypto accounts. The assets were then funneled into various cryptocurrencies, including Bitcoin, USDT, USDC, and Ethereum, the majority of which was further transferred to accounts at the Binance exchange. The forfeiture filing further states that the crypto accounts, which were seized, were linked to individuals in Russia and Nigeria, where some of the victims’ funds, used to purchase digital assets, were also sent to exchanges in those countries. At least one of the money markets in Russia or Nigeria is alleged to have facilitated money laundering for transnational criminal organizations, including terrorist organizations and other parties that have been known to violate international trade sanctions. At the time of Auyeung’s arrest, $2.3 million was seized from his bank accounts, which is in addition to the $7.1 million in crypto the government is seeking to forfeit. If the court approves the forfeiture, the funds will be distributed accordingly to the victims. Investigators, so far, have identified dozens of such cases, with the total amount of exploits reaching approximately $17.9 million, which is expected to grow as more casualties are identified. The post US Feds File Suit to Forfeit $7.1M in Crypto With Ties to Oil and Gas Storage Fraud appeared first on CryptoPotato .
Japanese AI firm Quantum Solutions is set to start investing in bitcoin (BTC) through its Hong Kong-based subsidiary, GPT Pals Studio, the company said in a press release . The decision, approved at a board meeting on July 23, includes plans to initially purchase up to $10 million in BTC using borrowed funds. The firm aims to build a treasury of up to 3,000 BTC, currently worth around $354 million, over the next 12 months. The company cited the depreciation of fiat currencies like the yen and rising global financial uncertainty as key drivers behind the move. Until now, neither GPT nor any of its subsidiaries had included digital assets in their balance sheets. “In order to efficiently manage surplus funds generated from existing businesses, diversify our asset portfolio to strengthen our financial base, preserve value over the medium- to long-term, and reduce foreign exchange risks, we have decided to add bitcoin to our reserve assets,” the company wrote. This new line of business will be governed by a phased investment policy and a dedicated account at crypto exchange Hashkey. Bitcoin treasuries have been growing in Japan as the country’s bond yields keep on rising . Metaplanet, Japan’s largest bitcoin treasury firm, currently has 16,352 BTC on its balance sheet, and the number of companies in the country holding the cryptocurrency has been surging. These now include NEXON, Remixpoint, Convene, SBC Medical Group Holdings, Anap Holdings, and others, according to BitcoinTreasuries data. These companies hold 19,623 BTC in total. The figure is still small when compared to the total amount held by the world’s largest corporate bitcoin treasury firm, Strategy, which holds 607,770 BTC on its balance sheet.
Key takeaways Solana’s price can reach a maximum of $323.40 and an average trading value of $291.75 in 2025. By 2028, SOL is expected to reach a new high of $666.41, driven by mainstream adoption of its dApps. Solana’s price could surpass the $1,000 mark, potentially reaching $1,543.45 or higher by 2031. Despite occasional challenges for Solana ecosystem, including network congestion and competition from other blockchain platforms, the current sentiment shows that Solana demonstrates resilience and adaptability, despite the current price fluctuations, positioning itself as a leading player in the decentralized finance (DeFi) and Web3 landscape. Overall, the prevailing sentiment within the Solana community reflects the current sentiment of confidence and excitement among investors , driven by the growing interest in Solana with stakeholders eagerly anticipating the platform’s continued evolution and impact on the broader crypto ecosystem. While uncertainties persist, Solana’s innovative approach and robust infrastructure instill optimism for its future price trajectory, as indicated by the technical analysis, solana price forecast and market dominance, particularly when evaluated against momentum indicators. How high can SOL go in 2025 and beyond? Overview Cryptocurrency Solana Token SOL Price $186 (+2%) Market Cap $97.90 Billion Trading Volume 24-hour $9.02 Billion Circulating Supply 538.31 Million SOL All-time High $294.33 Jan 19, 2025 All-time Low $0.5052, May 11, 2020 24-hour High $205.87 24-hour Low $187.09 Solana price prediction: Technical analysis Sentiment Bullish 50-Day SMA $153.91 200-Day SMA $163.72 Price Prediction $412.15 (118.42%) F & G Index 34.79 (fear) Green Days 18/30 (60%) 14-Day RSI 83.82 Solana price analysis: SOL struggles in surging above $190 TL;DR Breakdown: Solana price analysis shows volatility around $190 Resistance for SOL is at $200 Support for SOL/USD is at $180 The price analysis of Solana for July 26 shows that SOL failed to climb past $190, resulting in a sharp crash back to $180. Solana price analysis 1-day chart: SOL aims for a move above $190 Solana faced minor buying demand as it aimed to move above $190. However, current technical suggests a trend correction that might strengthen the $190. Currently, the price is holding momentum above $186, aiming for a break above the bullish channel. SOL/USDT chart by Tradingview The Relative Strength Index (RSI) stands at 61.06, showing that the retracement has put the trend back in the healthy zone but shows room for further volatility across the daily charts. The Moving Average Convergence Divergence (MACD) line surges rapidly, suggesting rising bullish pressure. Additionally, the MACD candles show rising bullish momentum in the market. SOL/USD 4-hour price chart: Bearish momentum continues to challenge buyers The 4-hour chart for Solana revealed a steady rise as the bulls aimed to hold above the $190 price level. However, the recent crash suggests a dominating control from sellers. SOL/USDT chart by Tradingview From a technical perspective, the MACD shows rising bullish momentum at 0.28, with the indicator showing rising buying demand with recent candles. This suggests that SOL may have found a support at the level. The RSI (Relative Strength Index) surged to 49, indicating that Solana still has room for further movement in the upwards direction across the short term and SOL needs to defend the $185 level. Solana technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 164.31 BUY SMA 5 $ 180.53 BUY SMA 10 $ 179.34 BUY SMA 21 $ 167.93 BUY SMA 50 $ 158.27 BUY SMA 100 $ 158.86 BUY SMA 200 $ 153.13 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $ 167.97 BUY EMA 5 $ 162.48 BUY EMA 10 $ 154.46 BUY EMA 21 $ 145.40 BUY EMA 50 $ 146.23 BUY EMA 100 $ 159.35 BUY EMA 200 $ 167.58 BUY What to expect from Solana price analysis? SOL/USDT chart by Tradingview The Solana price analysis across the daily and 1-hour charts indicates minor resistance around $190. The chart suggests a correction before the bulls can continue upwards. As the price falls back towards $185, SOL can be expected to hold at $180, a key level that has been defended previously. However, if the price falls below the $175 level, SOL may fall to the $168 mark. Is SOL a good investment? Solana is a high-performance blockchain platform known for its scalability and speed, boasting a substantial Total Value Locked ( TVL ). The network continues to hit key development milestones. Despite a challenging month, price predictions indicate a more positive outlook, suggesting the potential for future growth. Why is SOL up? Solana, despite crossing past the $185 resistance, found it difficult to cross past $190 as the bullish momentum was stretched thin. However, buyers continue to push the price above immediate Fib levels. What is Solana going to be worth in 2025? The Solana (SOL) price prediction for 2025 suggests a minimum value of $150.06 with an average price of $331.81. The price could reach a maximum of $367.80 during the year. Will SOL reach $1,000? The price forecasts indicate that SOL could reach the $1000 mark by 2030. Given the bullish scenario and the projected positive market sentiment and growth trend, SOL might reach $1,000 within the next five years. Can Solana reach $5,000? Reaching $5,000 is plausible but would likely take several years beyond the current forecast period. However, a snowball in the asset’s adoption might bring the moment sooner. Does SOL have a good long-term future? Yes, Solana has a good long-term future, with a promising market capitalization and exciting potential roi due to its high scalability, low transaction costs, robust ecosystem, and increasing institutional interest. Its growing adoption, strong developer community, and strategic partnerships further enhance Solana’s forecast of its potential for sustained growth. Recent news/updates on Solana ETF provider Rex Shares and crypto investment firm Osprey Funds have launched the first spot Solana (SOL) ETF in the U.S. with onchain staking rewards. Solana has announced the support for WBTC, which is backed by 1:1 by Bitcoin custodied. This is custodied by Bitgo exchange. Bitcoin 🤝 Solana WBTC, the most widely issued wrapped Bitcoin, is now natively available on Solana. https://t.co/89csX4wVXB — Solana (@solana) May 5, 2025 Solana price prediction July 2025 The sol price prediction for July 2025 suggests a range of outcomes based on current market trends and analysis. The forecast anticipates SOL fluctuating between a minimum of $124.42 and an average of $147.01, and potentially reaching a maximum of $177.69. Month Minimum Price ($) Average Price ($) Maximum Price ($) July 124.42 147.01 177.69 Solana price predictions 2025 The Solana (SOL) price prediction for 2025 suggests a minimum value of $131.94, with an average price of $291.75. The price could reach a maximum of $323.40 during the year. Year Minimum Price () Average Price () Maximum Price () 2025 131.94 291.75 323.40 Solana (SOL) price prediction 2026-2031 Year Minimum Price () Average Price () Maximum Price () 2026 315.96 355.93 371.15 2027 432.89 517.69 528.91 2028 565.97 638.04 666.41 2029 697.78 789.05 806.18 2030 990.40 1,055.57 1,099 2031 1,433.04 1,481.41 1,543.45 Solana Price Prediction 2026 Solana (SOL) is predicted to reach a minimum of $315.96 in 2026. Experts suggest the coin could climb to a maximum of $371.15, with an average price around $355.93. Solana Price Prediction 2027 In 2027, Solana’s price is forecasted to be around a minimum of $432.89. The coin may reach a maximum value of $528.91, with an average trading price of $517.69. Solana Price Prediction 2028 If the bullish trend continues into 2028, SOL may see a minimum price of $565.97, a maximum of $666.41, and an expected average of $638.04. Solana Price Prediction 2029 Analysis shows that Solana could continue its upward momentum in 2029, with the price potentially hitting a minimum of $697.78, a maximum of $806.18, and an average of $789.05. Solana Price Prediction 2030 Based on projections for 2030, Solana may trade at a minimum of $990.40, with an average price around $1,055.57 and a possible peak of $1,099.00. Solana Price Prediction 2031 Solana’s price is expected to reach a minimum of $1,433.04 in 2031. Experts forecast a maximum value of $1,543.45 and an average trading price of $1,481.41. Solana Price Prediction 2025 – 2031 Solana market price prediction: Analysts’ SOL price forecast Firm Name 2025 2026 Changelly $157.71 $244.91 DigitalCoinPrice $339.32 $389.42 Cryptopolitan’s Solana (SOL) price prediction Our predictions show that SOL will achieve a high of $323.40 in 2025. In 2028, it will range between $565.97 and $666.41, with an average of $638.04. In 2031, it will range between $1,433.04 and $1,543.45, with an average of $1,481.41. Note that these predictions are not investment advice, and it is crucial to consider investing strategies and conduct your own research before making any decisions. Seek independent professional consultation or do your research. Solana (SOL) historic price sentiment Solana Price History Source: Coinmarketcap Solana was launched in April 2020 and has gained popularity over the last 18 months. Its price surged from $0.75 to a high of $214.96 in early September. Following NFT hype and growing demand in the DeFi community, the cryptocurrency Solana (SOL) price more than tripled during the summer of 2021. Solana (SOL) token became the fastest-growing cryptocurrency and is currently ranked fifth with a live market cap of nearly $66 billion. 2022 saw Solana leap to its all-time high of $260, but SOL failed to close the year anywhere near that high, as the price came crashing down to below $40 by June. The bearish markets were marked by high skepticism as trading volumes declined throughout the crypto markets. The price continued to trade below the $40 level until November 2023, when Solana gained momentum and started a bullish rally again to close the year at $101.84. In 2024, Solana (SOL) saw significant growth, with its price rising from $83.62 in January to a high of $202.87, fueled by its dominance in DeFi, NFTs, and decentralized exchanges. However, the price fluctuated through the year, retracing to $131 in September after struggling to maintain key levels. October brought a positive rebound as SOL rose from $152 to close at $167, but early November started bearish, with the price dipping to $160. However, Solana bounced back sharply and closed the month above the $230 mark. December, on the other hand, has observed a slow start as price volatility remains low. Solana’s (SOL) price rose significantly in January 2025 from below the $190 level to close the month above $210. However, the latter half of the month saw the price decline from the $230 mark, a trend that continued through February ending the month below $150. In March the price continued falling as the bears continued dominating the short to mid term markets ending the month below $125. In April the bearish rally has only continued as the price falls towards $100. However, the bulls bounced back in the middle of the month and ended the month around $150. In May the price continued to rise and ended the month above the $165 price level, a trend that could not extend through June as the month saw a decline falling below the $150 price level to end the month.
Cryptocurrency analysis firm MakroVision, in its latest technical assessment for Bitcoin (BTC), stated that the market has entered a healthy consolidation phase following a strong rally. The company stated that BTC has entered a classic “bull flag” formation, a positive technical structure often seen following rapid price increases. According to MakroVision's analysis, the most critical short-term resistance level for Bitcoin is the Fibonacci retracement at around $121,100. Breaking this level could trigger a new upward wave. Meanwhile, support at around $113,600 coincides with the 0.382 Fibonacci retracement level, and a potential return to this level would be considered a healthy technical correction. Related News: Last Week's Most Successful Major Cryptocurrency Whale Revealed: Here Are Their Positions and Profit Amounts! The firm said that if BTC can sustain above $106,000, the medium-term bullish momentum will be maintained. The analysis indicates that if Bitcoin breaks above $121,000, the 1.382 Fibonacci extension point at around $129,600 will be highlighted. If this level is also broken, the next target could be around $133,800. *This is not investment advice. Continue Reading: Critical Levels in Bitcoin Have Been Set – What Levels Must Be Exceeded for an Explosive Uptrend? What Level Is Important to Prevent a Decline?
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Pro-Ripple lawyer Bill Morgan has drawn attention to a new US Securities and Exchange Commission (SEC) S-1 filing by Wellgistics Health (WH) , calling it a major sign of XRP’s growing real-world use. According to the filing, the company plans to use XRP not just as a treasury reserve but for real-time payments and income generation. Pro-Ripple Lawyer Weighs In On XRP Filing In a July 25 X social media post , Morgan shared his take on Wellgistics Health’s S-1 filing submitted to the US SEC a day earlier. He argued that this goes beyond the standard use of XRP as a treasury reserve asset . According to Morgan’s analysis, the document reveals a multifaceted strategic vision that embeds XRP deeply into the company’s financial infrastructure and operational model. Unlike companies that merely hold crypto as a hedge or speculative asset, Wellgistics Health plans to integrate XRP into various core functions. Firstly, the company intends to use the XRP Ledger (XRPL) to implement a real-time, low-cost payment system facilitating transactions between itself, pharmacy customers, and manufacturing and vendor partners. According to a crypto community member, this marks a strong use case for XRP in Business-to-Business (B2B) payments and real-world commerce. Morgan also revealed that Wellgistics Health stated in its S-1 filing that it aims to raise capital through equity or debt securities and allocate proceeds toward acquiring more XRP. The firm plans to leverage its XRP holdings as collateral for funding activities, highlighting the cryptocurrency’s role in capital markets. Moreover, the company suggests it will generate income from XRP-based activities, further underlining the asset’s utility beyond speculative trading . This comprehensive strategy positions XRP as a possible financial instrument for collateralization, daily payments, and multiple income streams. Morgan sees these future developments and opportunities as a significant step in proving XRP’s enterprise viability. Skepticism Grows Despite Bold XRP Plans Amid growing attention around XRP’s evolving use cases , Wellgistics Health’s SEC S-1 filing has stirred both enthusiasm and skepticism across the crypto community. While some XRP supporters see this as further validation of the token’s utility in business and finance, others remain cautious. Community members noted the novelty of a healthcare company embracing a “ banker’s coin ” like XRP, lightheartedly suggesting that broader mainstream adoption may follow soon. Former securities lawyer Mark Fagel added a layer of scrutiny, highlighting Wellgistics Health’s minimal assets, net losses, and a “Going Concern” warning in its audit report. This raised concerns that the company may be using XRP more as a marketing or fundraising tool rather than for actual utility and cross-border payments . In response, Morgan acknowledged the possibility that WH might be leveraging the crypto narrative to attract investors, but also pointed out that the company’s plans align with a growing trend of crypto integration into corporate strategies. Featured image from Finder, chart from TradingView
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A widely followed analyst and trader who accurately predicted the bottom for Bitcoin ( BTC ) in 2018 says the crypto king is primed to go higher after a recent correction. The trader and analyst pseudonymously known as Bluntz tells his 326,100 followers on the social media platform X that Bitcoin is likely done correcting after falling below the $116,000 price level. “Send it.” Source: Bluntz/X Looking at the trader’s chart, he seems to suggest that Bitcoin’s ABC correction is done and BTC is now targeting new all-time highs at $127,000. Bluntz follows the Elliott Wave theory, which states that a bullish asset tends to witness a new uptrend after completing an ABC correction. Bitcoin is trading at $117,262 at time of writing. Next up is the Bonk ( BONK ) memecoin. According to the widely followed analyst, BONK is “holding up remarkably well” amid a Bitcoin correction. Bluntz suggests BONK has completed an ABC-wave pattern to the downside and is now poised to hit the $0.000044 price area. “Not only does BONK look like a nice clear ABC has already been put in, but it held strong and defended the lows while BTC dumped… I suspect a rage pump is imminent on BONK.” Source: Bluntz/X BONK is trading at $0.000035 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Primed for New All-Time High After Correction, According to Trader Who Nailed 2018 BTC Bottom – Here’s His Target appeared first on The Daily Hodl .
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