Bitget Highlights Bitcoin’s Historic Rally as Institutional Demand Drives Price Beyond $123,000

Bitcoin has achieved a monumental milestone, surging past $123,000 with a 15% increase in July alone, fueled by unprecedented institutional demand. This rally has propelled Bitcoin's market capitalization to over $2.4 trillion, surpassing even Amazon's valuation. Key drivers behind this historic surge include renewed interest in inflation hedging, the approval of spot ETFs channeling Wall Street capital into cryptocurrencies, and favorable macroeconomic conditions. Analysts are optimistic about the continued growth as institutional inflows show no signs of slowing down, marking a new era for digital assets in the global financial landscape.

Bitcoin Surges Past $123,000 as Institutional Demand Fuels Historic Rally

Bitcoin shattered records with a 15% July surge, breaching $123,000 as institutional capital floods the crypto market. The rally propels BTC's market cap beyond $2.4 trillion—eclipsing Amazon's valuation—amid favorable macroeconomic conditions and ETF inflows.

Analysts pinpoint converging catalysts: renewed inflation hedging demand, spot ETF approvals funneling Wall Street capital into digital assets, and miner accumulation post-halving. Bitget's Ryan Li notes "institutional adoption has reached an inflection point," with corporate balance sheets and pension funds now allocating to crypto.

The uptrend shows no signs of exhaustion. Options markets signal trader expectations of $150,000 BTC by Q3 2025, while on-chain data reveals whales accumulating at record pace. This rally differs fundamentally from 2021's retail-driven mania—today's buyers are pension funds and Fortune 500 treasuries.

Ripple Price Prediction: What’s in Store for XRP In 2025?

XRP trades at $2.88 as of mid-July 2025, boasting a $170 billion market cap and daily volume surpassing $10 billion. Technical indicators suggest bullish momentum, with the cryptocurrency breaking above a descending triangle and testing resistance at $2.97-$3.00. On-chain metrics reveal 67% green days over the past month, while sentiment leans toward greed.

Institutional interest is heating up with the launch of XRP futures ETFs in July, potentially unlocking deeper capital inflows. Regulatory tailwinds add fuel to the fire—XRP has been flagged for potential inclusion in a U.S. crypto reserve, and Ripple’s legal victories reinforce its non-security status.

Analysts diverge on year-end targets. Baseline models project $2.80-$3.00, with CoinCodex forecasting $2.85 by August. Bullish scenarios, including Bitget’s $5 prediction, hinge on ETF adoption and macroeconomic conditions. Veteran traders note the $3 psychological barrier as the next critical threshold.