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Reading: Watch Bitcoin and Altcoins Soar with These Influential Market Moves
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COINTURK NEWS > Technical Analysis > Watch Bitcoin and Altcoins Soar with These Influential Market Moves
Technical Analysis

Watch Bitcoin and Altcoins Soar with These Influential Market Moves

In Brief

  • Bitcoin is trading at $116,500, showing strong market interest.

  • Positive news hints at potential rallies for SOL, BTC, and VET Coins.

  • Experts foresee significant gains if trends and predictions materialize.

İlayda Peker
İlayda Peker 11 months ago
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The ceasefire negotiations between Russia and Ukraine continue, and without favorable news today, Trump is expected to react vehemently. At the time of writing, Bitcoin $64,212 is trading at $116,500, while ETH is nearing the $4,000 mark. Recent developments have increased the appetite for risk regarding altcoins, hinting at potential rallies if positive news concludes the week. What do the experts foresee for SOL, BTC, and VET Coins?

Contents
Solana (SOL) and Bitcoin (BTC)VET Coin

Solana (SOL) and Bitcoin (BTC)

XRP Coin emerges victorious as Ripple $1‘s legal battle with the SEC officially concludes. Meanwhile, SOL Coin experiences a 5% gain today. Despite this week being calm in terms of data flow, last week’s intense negative news triggered significant losses earlier this week. Fortunately, the number of Fed members favoring rate cuts has increased, reaching five with Miran, which has spurred the risk appetite.

With the executive order allowing cryptocurrency access in retirement products signed, ETH surged towards $4,000, and SOL Coin followed with modest gains. Analyst Martinez suggests that the downward trend for SOL may have been broken, forecasting a movement towards $187.

Jelle predicts that Bitcoin is on a journey toward the $130,000 mark.

“Bitcoin is increasingly pressured here. It seems to be preparing for a new rise next week. Breaking this trend line could quickly lead to $130,000.”

VET Coin

Favored by Michael Poppe, VET Coin continues to attract attention in a bullish market. As one of the foundational altcoins, VET stands out in an environment crowded with millions of cryptocurrencies because it has survived two or three crypto seasons, marking it as a well-established asset.

Poppe reiterates the bullish outlook for VET Coin, sharing the following chart a few hours ago.

“In my opinion, it is still the best time to accumulate positions in altcoins since fundamentally strong projects are extremely undervalued. One of these is VET — their StarGate staking has just launched, with over $125 million of VET already staked. Furthermore, VeBetter application platforms recently reached 4 million users, indicating network growth. Accumulation continues at these levels.”

If Poppe’s predictions hold, gains exceeding 400% might be within reach.

You can follow our news on X, Telegram, Facebook & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 8 August, 2025 - 8:43 pm 8 August, 2025 - 8:43 pm
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İlayda Peker
By İlayda Peker
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The author, who holds a degree in International Relations and Political Science, has 10 years of experience as a writer and editor in the fields of cryptocurrency, blockchain technologies, and digital asset markets.While at COINTURK, he has published over 8,500 news articles, analyses, essays, and reports on Bitcoin, altcoins, cryptocurrency markets, the blockchain ecosystem, digital asset regulations, and global financial developments. Closely following market movements and industry developments, the author addresses the complex world of cryptocurrency in a clear and reader-friendly manner.An avid reader, the author also evaluates the impact of international developments on financial markets and the digital asset ecosystem.
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