Crypto Price Today: Bitcoin Nears $110K, Ethereum Soars

Bitcoin Eyes Breakout, Ethereum Gains Ground Amid ETF Optimism and Altcoins Continue To Gather Steam For A Big Rally

Cryptocurrency markets are showing strong activity today, with both Bitcoin and Ethereum trading higher. The overall market sentiment is positive due to renewed interest from institutional investors, exchange-traded fund (ETF) inflows, and global developments that favor riskier assets like cryptocurrencies. Prices have seen a noticeable increase in the last 24 hours, making it a crucial day for digital asset markets. 

Bitcoin (BTC) – Staying Above $109,000 

Bitcoin is currently trading at $109,451, showing a gain of about 3.5% over the past 24 hours. This price keeps Bitcoin just below its record high of around $111,814. The steady rise in June followed a dip to under $105,000 last week, from which it quickly recovered. 

The rise is supported by long-term investors who are holding onto their Bitcoin rather than selling it. Cryptocurrency exchanges have reported that Bitcoin reserves are at a five-year low. This means fewer people are selling, and more people are either buying or holding onto their coins. The reduction in supply has helped push prices up. 

Some of the recent price growth is also being linked to global developments, such as trade discussions between major economies like the United States and China. These talks influence financial markets, and when they go well, investors tend to take on more risk, which includes buying cryptocurrencies. 

Bitcoin is now approaching a price level that experts call a “resistance zone,” between $109,600 and $111,900. If the price breaks through this zone, it may go even higher. If not, it could fall back toward a support level around $104,000. Investors are watching this zone closely. 

Companies are also showing interest in Bitcoin. MicroStrategy, a U.S.-based business software firm known for buying Bitcoin, has announced plans to raise $1 billion to purchase even more Bitcoin. This adds to the positive momentum. 

Ethereum (ETH) – Boosted by ETF Demand 

Ethereum is trading at about $2,688, after jumping 7 to 8% in the last 24 hours. It has moved above a critical level of $2,620, which analysts consider important for continuing its upward trend. 

The main reason for Ethereum’s rise is the growing interest in Ethereum-based ETFs. In the past week alone, around $296 million has been invested in Ethereum-focused ETFs. Over the last seven weeks, more than $1.5 billion has flowed into these funds. 

The largest share of these ETF investments is going into the iShares Ethereum Trust offered by BlackRock, which has attracted about 71% of all inflows. Another major contributor is Fidelity’s Ethereum fund, which recently saw investments worth over $123 million. 

There’s also growing optimism that Ethereum ETFs might allow staking. Staking is a process where holders of Ethereum earn rewards for helping run the network. If regulators allow ETFs to include staking, it could bring in more investment from institutions looking for returns. 

Ethereum is also seeing growing use in real-world applications. This includes the use of stablecoins (cryptocurrencies tied to traditional money) and tokenization (creating digital versions of real-world assets). These uses add value to Ethereum beyond its price. 

On the technical side, Ethereum is close to its 200-day moving average. If it can stay above this level, it may move toward $3,000. If it fails to stay above, it might fall back to around $2,500. 

Other Cryptocurrencies – Mixed Performance 

Apart from Bitcoin and Ethereum, the rest of the crypto market is showing mixed results. Some altcoins (alternative cryptocurrencies) are gaining while others are flat or slightly down. 

XRP is up by about 0.9%, helped by its inclusion in a major index that tracks cryptocurrency prices for institutional investors. 

Internet Computer (ICP) is among the best-performing coins today, with a 7.3% increase. 

Dogecoin (DOGE) has fallen slightly, down around 1.3% as it continues to move sideways. 

New and trending tokens are also drawing attention. One example is Hyperliquid’s HYPE token, which has gone up by 7%. Another is Suí (SUI), up by around 4.5%. Speculative interest, especially in memecoins, continues to drive market excitement. 

There are also rising fees on blockchain networks due to increased activity. For example, the Solana network has seen gas fees jump by 12%, likely due to expectations of a new token launch. 

A mobile game called Hamster Kombat is also in the spotlight. It allows users to earn crypto rewards by playing. Its upcoming listing as a tradable crypto asset is drawing attention. 

On the downside, security is still a concern. In the first half of 2025 alone, more than $2.1 billion has been lost due to hacks and fraud in the crypto space. 

Global Factors Affecting Crypto 

Trade Talks Between the U.S. and China 

Scheduled trade discussions between the United States and China are creating cautious optimism in markets. If both countries agree to reduce trade barriers or tariffs, it could boost overall investor confidence. When confidence in the market rises, risky assets like cryptocurrencies tend to benefit. 

U.S. Central Bank Policy 

Recent data from the U.S. showed that job growth in May was slower than expected, and wages increased at a slower pace. This has led investors to believe that the U.S. Federal Reserve may not raise interest rates soon. Lower interest rates generally benefit cryptocurrencies, as they make alternative assets more attractive. 

Former President Donald Trump has publicly urged the Federal Reserve to cut interest rates by 1%. While this is just a suggestion, it has influenced market sentiment and created a favorable environment for digital assets. 

Regulation in the UK and India 

The United Kingdom has decided to lift its ban on retail investors buying crypto exchange-traded notes (ETNs). This move is meant to make the country more competitive and to give investors more choices in financial markets. However, crypto derivatives are still not allowed for retail investors in the UK. 

In contrast, India’s central bank remains cautious. It has warned about the risks that crypto could pose to financial stability and government policies. No new regulations have been announced, but a government panel is still reviewing the situation. 

These differing approaches show how governments are still figuring out how to deal with cryptocurrencies. Some countries are embracing them, while others are taking a more careful approach. 

Future Outlook 

Looking ahead, the cryptocurrency market could go in different directions depending on various factors. 

Bitcoin may reach $136,000 by the end of the year if favorable market conditions continue. But if the current upward momentum fades, the price could fall back to around $95,000 to $104,000. 

Ethereum might rise to $3,000 if it stays above key technical levels and ETF inflows continue. On the other hand, if momentum slows, it could drop to $2,400–$2,500. 

The crypto market is likely to remain sensitive to global economic news, regulatory updates, ETF investment flows, and cybersecurity issues. Investors and market watchers will need to keep an eye on all these factors in the coming weeks. 

Summary Table 

The cryptocurrency market continues to show strength, supported by growing institutional involvement and improving global economic signals. Prices are trending upward, but volatility remains, making it essential to follow developments closely.