As of July 8, 2025, Bitcoin (BTC) is trading around $108,000, maintaining stability after a brief sell-off on Monday night. Major cryptocurrencies show mixed performance, with Solana (SOL) down 2.3% to $149 and Dogecoin (DOGE) falling 4.1%. Ether (ETH) is near $2,530, and XRP is steady at $2.26.
The correlation between cryptocurrencies and equities remains strong, with the BTC-SPX correlation near local highs. Some traders anticipate Bitcoin breaking its previous high of $112,000 in the coming weeks. Ryan Lee, chief analyst at Bitget Research, suggests Bitcoin could reach $120,000 by month-end.
Ethereum is also gaining strength, supported by sustained whale accumulation and renewed optimism. Lee added that ETH could test $3,000 by the end of July. The anticipated Federal Reserve rate cut in September may serve as a further catalyst.