Altcoin
Why Crypto Is About To Skyrocket?
The crypto is about to skyrocket regardless of macroeconomic and other factors that have until now kept Bitcoin and altcoins prices under the radar. With multiple developments happening in parallel bolstering the bullish outlook for the crypto market, experts pointed out reasons why the market could see the biggest short squeeze in human history.
Reasons Why Bitcoin and Crypto Market About To Explode?
Brian Dixon, CEO at Off the Chain Capital, explained why the crypto is near a massive breakout or about to explode. He mentions many reasons that are helping bulls to dominate and strengthen their position in the market.
1. Donald Trump’s Lead in Presidential Race
Bitcoin price is more resilient after a failed assassination attempt on Donald Trump. The Republican presidential nominee Trump’s stance on crypto has picked up in recent months. He also announced crypto donations to his campaign earlier and amassed over $3 million in donations from crypto.
Brian Dixon said digital assets will pick pace, bringing more allocations to Bitcoin and other crypto, following the assassination attempt on Trump. Moreover, he also announced pro-Bitcoin J.D. Vance as Vice President pick.
JD Vance holds $100-$250k in Bitcoin and hates bad crypto regulation. Vance is against Gary Gensler and his inclusion of politics in securities regulation. He has raised serious concerns over Gensler’s approach to regulating blockchain and crypto. The SEC is killing the industry and pushing innovation outside the U.S. not realizing the utilities of various crypto tokens.
Donald Trump confirmed that he will make a presence and give speech at the Bitcoin Conference, which will be held in Nashville, Tennessee on July 25-27. It will be a historic moment for the crypto industry.
2. Spot Ethereum ETF Approval
Spot Ethereum ETFs have received preliminary approval from the U.S. SEC. Some Ether ETFs are expected to start trading on Tuesday, July 23. Bloomberg ETF analysts also posted on X platform about the potential increase in buying activity in the market.
Brian Dixon believes spot Ethereum ETFs will also witness demand similar to spot Bitcoin ETFs. The Ethereum ETFs listing and trading will create an easier on-ramp to ETH trading and with time it will drive price. Moreover, he believes it is also a positive development for additional ETFs for other crypto assets such as XRP and Solana.
3. TradeFi Investments in Bitcoin
The mainstream adoption of Bitcoin and other crypto assets is gradually picking pace as TradFi invested in spot Bitcoin ETFs. As a retail investor, one can now invest in Bitcoin through spot Bitcoin ETFs by using traditional brokerage accounts or apps, creating more adoption of other digital assets. Dixon added that the adoption will continue to grow with time.
Apollo Sats data revealed that 154 entities have submitted the 13F filing to the U.S. SEC. Almost 80% of institutions have increased their holdings in these Bitcoin ETFs. Whilst, only 12.5% have decreased their spot Bitcoin ETF exposure.
4. Solana And Other Crypto ETFs
Historically, the SEC had been extremely restrictive in approving ETFs and these products. But the industry saw a complete shift in the SEC as they reached out to Ether ETF issuers to complete the approval processes. Solana ETFs are anticipated to see approval processes in 2025.
Brian Dixon explained that crypto ETFs will see much larger allocations from sovereign wealth funds, pension funds, and endowments. They have a very long due diligence timeline of 12-18 months before they can start pouring money into the Bitcoin ETFs.
Meanwhile, XRP ETF is also on the cards as Ripple CEO Brad Garlinghouse pointed out after CME and CF Benchmarks announced the launch of new reference rates and real-time indices for XRP. Notably, the price has skyrocketed over 40% in a week.
5. Fed Interest Rate Cuts
The global crypto market witnessed renewed buying sentiment amid growing spot Bitcoin ETF inflow, more buying from institutional and retail investors, and strong technical and on-chain charts. The global crypto market cap is at 2.38 trillion, with BTC price trading near $65,000.
With Fed officials including Chair Jerome Powell’s dovish outlook on rate cuts this year after cooling inflation and slowing labor market, traders eye rate cuts in September. Wall Street giants also predicted a first rate cut in September. Crypto research firms including Matrixport also reported that upside momentum will continue for longer.
Also Read: Ripple XRP Case Update — Ex-SEC On Secret Meeting; XRP Breakout To $1 Next?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cardano founder Charles Hoskinson says the network will play a key role in Bitcoin DeFi transactions in the future. With several partnerships and innovations in the works, Hoskinson says Cardano is bracing itself to explore layer 2 solutions on the Bitcoin blockchain,
Cardano Positions Itself For Bitcoin DeFi
In an interview with Scott Melker, Cardano’s founder has revealed ambitious plans for the network to turbocharge Bitcoin’s adoption for DeFi applications. Hoskinson notes that large financial institutions will trigger a demand for Bitcoin DeFi given their fiduciary obligation to create yield.
He notes that a Bitcoin ETF providing DeFi yields will trigger shareholders to demand similar yields. Hoskinson eyes a three-year timeframe for institutions to plant their feet in Bitcoin DeFi and UTXO DeFi.
Hoskinson says Cardano will combine Hydra with the Bitcoin Lightning network and build a trustless recursive bridge between both networks. The founder adds that its Aiken programming language will enabled to write both Bitcoin and Cardano scripts.
Furthermore, a partnership with Maestro, an infrastructure provider allowing Bitcoin integration with UTXO-based blockchain will provide a “turn-key experience” for users.
“It’s still early days but we are making methodical progress every step of the way,” said Hoskinson.
Hoskinson is moving on from his absence from the Crypto Summit at the White House, doubling down on technical innovation. He notes that the Bitcoin-focused plays by Cardano will not adversely affect the network’s road map.
Is Bitcoin Ready For DeFi Applications?
Hoskinson revealed in the interview that Bitcoin is ready for DeFi utility following the Taproot and the Lightning Network advancements. According to the founder, Taproot added programmability features to the Bitcoin network and Cardano will push the frontiers.
He adds that Cardano will enable Bitcoin users to engage in DeFi transactions while transacting with only BTC. Hoskinson says a merger between Bitcoin is enough to make Cardano’s DeFi significantly larger than Ethereum and Solana combined.
While the integration will send Cardano price soaring, ADA wallows at $0,6611 after losing 10% in a week. However, traders are targeting an ADA pump in May following the forming of a cyclical pattern.
An analyst argues that a price rally to $10 is not a crazy prediction given a streak of solid fundamentals and partnerships for Cardano.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The world’s second-largest digital asset, Ethereum (ETH), struggles to keep up with Bitcoin. Market data shows that the ETH/BTC ratio has dropped to its lowest level in five years. Consequently, investors and analysts are now questioning whether Ethereum can recover in the coming quarter, considering Bitcoin may continue its long-standing domination in the digital assets market.
The Ethereum Bitcoin Ratio At New Lows
ETH performed poorly compared to Bitcoin in the first quarter of 2025. According to a recent update from The Kobeissi Letter, the Ethereum to Bitcoin ratio has dropped to 0.02, its lowest level since December 2020.
Historically, Ethereum has gained strength after Bitcoin halvings, but the trend has reversed. While Bitcoin price is going upward, Ethereum has struggled to gain traction.
Several factors have contributed to this decline. Bitcoin’s narrative as digital gold has strengthened, drawing more institutional investment. In addition, the coin has faced challenges, including relatively higher gas fees and competition from other blockchain networks.
Unfortunately, the Ethereum Pectra upgrade, which experts believe could drive a price increase for the coin, faced some challenges. As reported by CoinGape, multiple testnet attempts failed before the Hoodi testnet that launched recently.
Some experts believe Ethereum’s transition to proof-of-stake has not delivered the expected market boost.
Q1 Performance and ETF Downturn
The ETH price performance in the first quarter of 2025 has been disappointing. For context, data shows that the coin has dropped 46% this year, nearly 4 times more than Bitcoin’s decline of 12%.
Many investors expected a strong bull run, but Ethereum has remained weak. The adoption of spot Bitcoin ETFs earlier in the year attracted billions of dollars, but Ethereum has not seen the same level of interest for its potential ETF.
Market analysts suggest that institutional investors are still hesitant about Ethereum’s long-term value compared to Bitcoin. Bitcoin’s fixed supply and reputation as a hedge against inflation have made it a safer choice for institutional investors.
Where is ETH Price Heading?
Some analysts believe ETH price could hit $10,000 if broader market conditions improve and the Ethereum Pectra upgrade launches on the mainnet.
Others warn that if the coin continues to lose value against Bitcoin, investors may start shifting funds to other networks like Solana or Avalanche.
Even though short-term price predictions remain speculative, some traders expect Ethereum to rebound as Bitcoin stabilizes. Others believe the ETH/BTC ratio could drop even further.
As of this publication, CoinMarketCap data shows that Ethereum’s price was $1,842.29, up 1.34% in the last 24 hours. Many experts believe that the coming days will determine whether Ethereum can regain strength or whether Bitcoin’s dominance will continue to grow.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Elon Musk has doused optimism for the US government to adopt Dogecoin at the America PAC town hall event. The head of the Department of Government Efficiency (DOGE) noted that the government agency only bears a nominal resemblance to the memecoin.
Elon Musk Dispels Rumors Of Dogecoin Adoption By The US Government
At a recent event, Tesla CEO Elon Musk cleared the air on the potential adoption of Dogecoin by the US government. In his keynote speech, Musk noted that the US government will not be adopting Dogecoin, contrary to swirling speculation.
Musk noted that the speculation gained traction following the launch of the Department of Government Efficiency (DOGE). Following the launch of DOGE and Musk tapped to lead the agency, enthusiasm for Dogecoin government utility reached new highs.
However, Musk clarified that the agency bears only a nominal resemblance to the memecoin, stemming from an internet trend. The Tesla CEO disclosed that the original intended name was the Government Efficiency Commission, opting for DOGE “because the internet is right.”
“The name is similar but they are two different things,” said Musk. “But there are no plans for the government to use Dogecoin as far as I know.”
Musk has a long and storied history with Dogecoin, famously shilling the memecoin and integrating DOGE payments for Tesla. Musk teased an anime-themed DOGE on X, setting the stage for a $2 rally for the memecoin.
DOGE Reacts Negatively To The News
Dogecoin price slumped by nearly 2% in the wake of the grim report. Currently, the memecoin is trading at 0.1660 as it eyes a push toward the $1 mark.
The negative fundamental adds pressure to reports of DOGE forming a falling wedge pattern, signaling a potential downward breakout. However, optimists are rippling with confidence that DOGE can shake off the negative sentiments to post new all-time highs.
One analysis claims that if the Dogecoin price breaks a 3-month trendline, an $8 valuation for the memecoin is in play. Others claim that the House of Doge Reserve launch will be a tailwind for Dogecoin price, sending the dog-themed coin on a strong rally.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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