At the time of writing, Bitcoin (BTC) $120,192, the largest cryptocurrency by market value, has surpassed $112,700. In its renewed journey of price discovery, BTC displays long-awaited upward movements, also sparking a bullish trend in altcoins. As Bitcoin embarks on setting a new all-time high, its stopping point remains uncertain. Meanwhile, many are curiously observing ETH, SOL, DOGE, XRP, and ADA to gauge their potential dollar values today.
Bitcoin Breaks Records
Following Donald Trump’s calls for interest rate cuts, BTC has reached a record level. There’s been no development expected to trigger this surge related to tariffs, nor has the Federal Reserve indicated plans to reduce rates. Interestingly, the expectation of a rate cut for September has declined this week. Yet, BTC’s rise reminds us once again of the unpredictable nature of cryptocurrencies.
Experts this week have been vocal about a target high of $115,000. Should BTC surpass this critical threshold, it might see new peaks reaching $135,000 amidst increasing volumes. At the current moment, BTC has hit $112,758.
Targets for ETH, SOL, DOGE, XRP, ADA
Let’s take a quick look at the current state of popular cryptocurrencies. For Ethereum (ETH) $4,315, the critical point stands at $2,850. Currently priced at $2,804, if it can attract more buyers, it may cross this threshold and potentially reach targets of $3,067 and $3,522. This recovery is encouraging for all altcoins, likely leading to further gains across the board. Today’s ETH peak will be significantly determined by whether $2,850 can be decisively broken.
Solana $184 (SOL) is one of the luckiest altcoins, having its spot ETF listed just last week. It saw an inflow of $33.5 million yesterday. This single day’s inflow is almost more than all the previous days combined. What happens if daily closes report an inflow close to $100 million? SOL Coin is targeting $168 and, if it surpasses this point in the short term, could see new peaks between $188 and $203.
Dogecoin $0.236549 (DOGE) remains the largest meme coin, having regained its historical resistance point of $0.18. The short-term target is reaching the $0.2 base. A larger peak could follow up to $0.259.
XRP Coin is strengthening its fundamentals, with an ETF approval expected in September. Interest remains strong, which is why it has stayed solid even during downturns. Now it faces only one obstacle; today, $2.58 can be tested, which, if surpassed, will target ranges of $2.82 and $3.
The US crypto stock has a place for ADA Coin, which has reclaimed the crucial support level of $0.62. We’ve been talking about the importance of this area for a long time.
Following its rise, the targets will be the resistance levels of $0.73 and $0.83.