Bitcoin Surprises with Historic Highs: Will It Maintain Momentum?
Main Idea
Bitcoin achieved its first six-figure monthly closure at $115,644 in July 2025, while Ethereum saw a 48.77% gain in July but started August with a slight decline. Market analysts remain cautiously optimistic about the cryptocurrency market's future.
Key Points
1. Bitcoin (BTC) closed at $115,644 in July 2025, marking its first-ever six-figure monthly closure in its 16-year history.
2. Ethereum (ETH) gained 48.77% in July but started August with a slight 0.43% decline.
3. BTC Markets analyst Rachael Lucas noted the rapid recovery from a 4% decline in July, indicating strong buyer support.
4. Nick Ruck of LVRG Research highlighted that while short-term profit-taking is occurring, long-term fundamentals remain bullish.
5. Historical data shows August has been a challenging month for Bitcoin, with declines in 2024, 2023, and 2022, except for a 13.8% gain in 2021.
6. Ethereum also faced harsh August performance historically, except for a 35.62% surge in 2021, which was a 'bull year.'
Description
Bitcoin hit a six-figure monthly close for the first time in July. Ethereum saw significant growth in July but started August with a decline. Continue Reading: Bitcoin Surprises with Historic Highs: Will It Maintain Momentum? The post Bitcoin Surprises with Historic Highs: Will It Maintain Momentum? appeared first on COINTURK NEWS .
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