

The latest virtual currency market in July 2025: Bitcoin exceeds $120,000, and the Ethereum ETF is about to be approved?
Aug 01, 2025 pm 06:15 PMEntering the second half of 2025, the virtual currency market ushered in a new round of strong bull market. Driven by multiple positive news, market sentiment is rising, and the two mainstream assets Bitcoin and Ethereum have once again become the focus of global investors' attention.
Mainstream Bitcoin Exchanges in 2025:
Ou Yi :
Binance:
Huobi:
Bitcoin King Returns: Strongly Breakthrough $120,000
The most eye-catching news this month is undoubtedly the historic breakthrough in Bitcoin’s price. After months of consolidation, the price of Bitcoin rose like a rocket, breaking through the psychological barrier of $100,000 in one fell swoop, and successfully standing at a new all-time high of $122,000 . This milestone achievement is mainly attributed to the following factors:
Institutions continue to enter: Since the Bitcoin spot ETF was approved in 2024, huge amounts of funds on Wall Street have continued to flow in. Entering 2025, more sovereign wealth funds and large pension funds have begun to use Bitcoin as part of their asset allocation, greatly enhancing the depth and stability of the market.
The halving effect appears: The supply shock effect of Bitcoin halving in 2024 will be fully reflected in 2025. The number of new Bitcoins added every day is decreasing, while demand is increasing, and the imbalance in supply and demand relationships has become the fundamental driving force for price increases.
Macroeconomic environment: In order to cope with the economic slowdown, major economies around the world have successively started a new round of easing cycle. Expectations of interest rate cuts have made the attractiveness of fiat currencies less, and investors have flocked to store-of-value assets such as Bitcoin to hedge inflation risks.
Is Ethereum ETF approved soon? The market is waiting for breath
Following Bitcoin, Ethereum has become the next highly anticipated focus. The market generally predicts that the U.S. Securities and Exchange Commission ( SEC ) will formally approve the listing applications for the first batch of Ethereum spot ETFs at the end of this quarter or the beginning of next quarter.
This expectation has ignited the price flame of Ethereum, which soared this month, closely following Bitcoin’s gains. Investors generally believe that the approval of Ethereum ETF will replicate the successful path of Bitcoin ETF and bring hundreds of billions of institutional funds to the Ethereum ecosystem. This will not only push up the price of ETH, but will also greatly promote the development of DeFi, NFT and various DApps in its ecosystem.
Dawn of Altseason?
With the strong performance of Bitcoin and Ethereum, market funds began to spill over. A large amount of profitable funds began to look for new investment opportunities, and their eyes turned to more potential altcoins. In particular, projects related to artificial intelligence (AI), decentralized physical infrastructure network (DePIN) and Layer2 expansion solutions have been enthusiastically sought after by the market, and some project tokens have achieved amazing increases this month. Market analysts believe that a comprehensive "altcoin season" may be coming soon.
Investor Outlook and Risk Warning
Looking ahead, market sentiment is generally optimistic . Bitcoin’s $150,000 seems to be the next target within reach, and the final implementation of the Ethereum ETF will be the core catalyst for the next round of market conditions.
However, investors must keep a clear head. The virtual currency market is essentially a highly volatile market, and a sharp pullback in prices may occur at any time. The uncertainty of regulatory policies and potential risks such as hacking attacks still exist. Therefore, while chasing profits, it is crucial to do a good job in risk management and asset allocation. Please conduct sufficient research before making any investment decisions.
The above is the detailed content of The latest virtual currency market in July 2025: Bitcoin exceeds $120,000, and the Ethereum ETF is about to be approved?. For more information, please follow other related articles on the PHP Chinese website!

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