The crypto world is currently experiencing an impressive rally: Bitcoin has reached a new all-time high of $118,000, while Ethereum has risen above the $3,000 mark for the first time in a long time.
Bitcoin Reaches New Heights
Although experts like Bitwise predicted in June 2025 that Bitcoin could even rise to $200,000 by the end of the year, a new high of around $112,000 was already reached in May, and the current price is about $118,000. The reasons for the strong increase include high institutional demand, strong ETF inflows, purchases by companies, and political support.
What Drives the Bitcoin Price?
The growing institutional demand for Bitcoin is evident in increased purchases by large companies. The role of Bitcoin ETFs has also gained significance as they provide larger investors with easier access. Political support through acceptance in various countries also contributes to the positive sentiment.
Ethereum on the Rise
Ethereum is also showing strong upward momentum: After a price increase over the mark of about $2,750 in early July, ETH is now steadily approaching the important psychological mark of $3,000. Technical analyses indicate that Ethereum remains in a bullish trend channel, and targets of up to $3,200 or even $4,000 are possible in the coming months.
Factors for Ethereum’s Rise
This development is supported by technological advancements such as Ethereum 2.0 and the increasing use in the areas of DeFi and NFTs. Additionally, there is a strong rising interest from institutional investors, which favors further growth.
In summary, the crypto scene is currently turning upside down due to these strong price movements in the two leading cryptocurrencies Bitcoin and Ethereum, indicating a sustained bull market phase.