The cryptocurrency market is experiencing a powerful rally as investors gear up for the July 4th holiday weekend. Major digital assets—including Bitcoin, Ethereum, XRP, and Dogecoin—are posting strong gains amid growing optimism around potential altcoin ETF approvals in 2025 and anticipation surrounding the proposed "Big Beautiful Bill." This surge reflects renewed market confidence and increasing institutional interest, particularly in spot exchange-traded funds (ETFs).
Market Momentum Builds Ahead of Key Catalysts
As of the latest data, Bitcoin has surged past $109,700, trading at **$109,767.59, while Ethereum holds steady above $2,500 at **$2,595.50. XRP has climbed to $2.30**, Dogecoin sits at **$0.1741, and Solana maintains momentum at $154.89**. Even meme coins like Shiba Inu are seeing movement, currently valued at **$0.00001200.
This broad-based rally suggests that market participants are positioning for a potential breakout, especially if regulatory tailwinds materialize later this year.
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On-Chain Data Signals Strength and Conviction
On-chain analytics provide further evidence of bullish momentum:
- Bitcoin’s daily active addresses rose by 2.4%, indicating increased network usage.
- Ethereum saw a more significant jump with a 5.4% increase in daily active addresses.
- Large transaction volume dipped slightly for BTC (–4.3%) but rose for ETH (+2.2%), suggesting a shift in capital deployment toward Ethereum-based applications.
Glassnode data reveals that long-term holders—those who have held Bitcoin for over 155 days—now control a record 14.7 million BTC. This accumulation near the $100,000 resistance level underscores strong conviction and minimal selling pressure, a classic sign of institutional-grade holding behavior.
Spot ETFs Fuel Institutional Demand
Spot Bitcoin ETFs continue to attract significant capital inflows. According to SoSoValue, $407.8 million** flowed into these products on Wednesday alone. In contrast, spot Ethereum ETFs saw minor outflows of **$1.8 million, likely due to profit-taking or rebalancing following their recent approval.
Despite the short-term outflow, the overall trend remains positive for Ethereum ETF adoption as more investors anticipate regulatory clarity and product diversification in 2025.
The prospect of altcoin ETF approvals—particularly for assets like XRP and Dogecoin—is gaining traction among analysts. While no formal filings have been approved yet, growing speculation suggests that 2025 could be a landmark year for expanding crypto ETF offerings beyond Bitcoin and Ethereum.
Trader Insights: What Experts Are Saying
Market veterans are highlighting key technical setups across major cryptocurrencies:
- Galaxy, a prominent crypto trader, notes that Bitcoin is testing multi-year resistance. A decisive break above this level could trigger a parabolic move, driven by FOMO (fear of missing out) and leveraged long positions.
- Ali Martinez, a well-known crypto chart analyst, points to Dogecoin’s bounce from the bottom of a descending channel. The next critical resistance lies at $0.19**; a breakout here could propel DOGE toward **$0.26, the upper boundary of the channel.
- Lucky, another active trader, forecasts a “monster Ethereum rally” on the horizon, citing improving on-chain fundamentals and growing demand for ETH staking and Layer-2 solutions.
- Bitcoinsensus identifies XRP’s monthly chart as one of the most bullish setups in the current market, suggesting strong institutional accumulation and potential upside momentum.
- Crypto Rand highlights Solana’s strong performance, noting that a confirmed breakout above $160 would signal a full bullish reversal. Notably, Solana led all blockchain networks in total transactions during June, reflecting robust real-world usage and developer activity.
Liquidations Highlight Volatility Amid Bullish Sentiment
Despite the optimistic outlook, volatility remains high. Over the past 24 hours, 95,823 traders were liquidated, resulting in $332.31 million in total losses, according to Coinglass data. These liquidations primarily affected highly leveraged positions, underscoring the risks of trading during periods of rapid price movement.
Such events are common during strong market moves and often precede further upside as weak hands are shaken out of the market.
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Core Keywords Driving Market Discussion
The current market narrative revolves around several key themes:
- Bitcoin price surge
- Ethereum rally
- XRP bullish setup
- Dogecoin breakout potential
- Altcoin ETF approvals 2025
- Spot Bitcoin ETF inflows
- Cryptocurrency market momentum
- Long-term holder accumulation
These keywords reflect both technical developments and broader investor sentiment shaping the crypto landscape heading into mid-2025.
Frequently Asked Questions (FAQ)
Why are Bitcoin and Ethereum rising ahead of July 4th?
The Independence Day weekend often sees increased retail participation in U.S. markets, including crypto. Combined with positive news around ETF developments and macroeconomic optimism, this has fueled short-term buying pressure on major cryptocurrencies.
Could XRP and Dogecoin get ETF approvals in 2025?
While not guaranteed, growing institutional interest and regulatory progress make altcoin ETFs increasingly plausible. XRP’s recent legal clarity and Dogecoin’s popularity with retail investors position them as potential candidates for future ETF filings.
What does long-term holder accumulation mean for Bitcoin’s price?
When long-term holders (those with coins held over 155 days) increase their holdings, it reduces circulating supply and selling pressure. This scarcity effect often precedes significant price increases, especially during bull cycles.
Is Solana’s transaction volume growth significant?
Yes. Leading all chains in monthly transactions indicates strong user adoption, active decentralized applications (dApps), and reliable network performance—key metrics for long-term value accrual.
How do spot ETF inflows impact cryptocurrency prices?
Sustained net inflows into spot ETFs signal institutional demand and confidence. For Bitcoin, consistent inflows have historically correlated with price appreciation due to increased buying pressure and reduced sell-side liquidity.
Should traders be concerned about recent liquidations?
Liquidations are typical during volatile rallies and mainly affect over-leveraged traders. For long-term investors, these events can present buying opportunities after short-term noise subsides.
Looking Ahead: The Road to 2025
As the crypto market enters a pivotal phase, several catalysts could shape the remainder of 2025:
- Final decisions on altcoin ETF applications
- Potential passage of pro-crypto legislation like the “Big Beautiful Bill”
- Expanding adoption of decentralized finance (DeFi), NFTs, and real-world asset tokenization on Ethereum and Solana
- Continued growth in spot ETF assets under management (AUM)
Investors should remain vigilant, balancing optimism with risk management—especially in leveraged positions.
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With strong on-chain fundamentals, rising institutional participation, and favorable macro conditions, the stage appears set for another leg upward in the ongoing crypto bull run. Whether you're tracking Bitcoin's path toward new highs or watching Dogecoin’s technical rebound, now is a critical time to stay informed and strategically positioned.
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