Bitcoin, Ethereum and Ripple rally as Trump’s tariff uncertainty clears and $130k is in sight
2025-07-11 17:58:53
Main Idea
Bitcoin, Ethereum, and XRP are experiencing significant price rallies, with Bitcoin reaching a new all-time high and institutional investors showing increased interest.
Key Points
1. Bitcoin hit a new all-time high, with the next target being the 127.20% Fibonacci retracement level at $130,935.
2. Ethereum surpassed the $3,000 resistance level, with its next target at $3,500, while XRP reached a peak of $2.70.
3. Institutional investors are accumulating Bitcoin, and large wallet holders (whales) are increasing their exposure, while smaller traders distribute holdings.
4. The Trump administration's delayed tariff announcements contributed to market optimism, pushing Bitcoin to a new peak.
5. Analysts attribute Bitcoin's surge to sustained institutional demand and its growing status as a store of value, evidenced by inflows into spot Bitcoin ETFs.
Description
Bitcoin, Ethereum, and XRP are rallying on Friday. The top three cryptocurrencies are climbing higher as BTC enters price discovery and the $130,000 target comes into play. With institutional investors accumulating the largest crypto and rising capital inflows, further gains in the top three cryptos are likely. Traders and investors sitting on the sidelines could find it useful to open long positions in the top three cryptos. Derivatives market data shows that options traders are bullish and exp...
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