Bitcoin’s Bullish Surge: Coinbase Hits New All-Time High Amid $135K Predictions
Bitcoin's unprecedented rally has taken the cryptocurrency market by storm, with analysts now predicting a potential surge to $135,000 before any significant correction. Katie Stockton, founder of Fairlead Strategies, shared this optimistic outlook during a recent CNBC interview, attributing the momentum to Bitcoin's breakout from a multi-week sideways trend. The digital asset recently achieved a new all-time high of $122,871 on Coinbase, further fueling bullish sentiment among investors. As of July 15, 2025, the market remains highly anticipative of Bitcoin's next move, with many eyeing the $135,000 mark as the next major milestone. This development underscores the growing confidence in Bitcoin's long-term value proposition and its dominant position in the cryptocurrency ecosystem.
Bitcoin Price May Reach $135K Before Correction, Analyst Says
Bitcoin's historic rally continues to captivate market analysts, with fresh projections suggesting a potential surge to $135,000 before any significant correction. Katie Stockton, founder of Fairlead Strategies, highlighted this outlook during a CNBC interview, citing a breakout from a multi-week sideways trend as the catalyst.
The cryptocurrency reached a new all-time high of $122,871 on Coinbase before retracing slightly. Technical indicators, including a "measured MOVE projection," point to further upside. Stockton emphasized that Bitcoin-related stocks like Coinbase and MicroStrategy could benefit from the momentum, alongside other major cryptocurrencies such as Ethereum and XRP.
Coinbase Hits $100B Market Cap Amid Crypto Resurgence, Sparking Trillion-Dollar Speculation
Coinbase Global Inc. has surged past a $100 billion market valuation as crypto markets regain momentum, with analysts drawing parallels to Amazon and Netflix's disruptive trajectories. Shares of COIN reached an all-time high of $398.50 on July 14 before settling at $394, marking a 2% daily gain.
"Coinbase is becoming the AWS of crypto infrastructure," said Kylie Reidhead of Milk Road, suggesting the exchange could eventually challenge traditional finance giants like JPMorgan. The rally coincides with Bitcoin's resurgence above $60,000 and Ethereum's ETF approval momentum.
Market observers attribute the surge to three factors: improving crypto macro conditions, the company's S&P 500 inclusion earlier this year, and its strategic positioning between traditional finance and digital assets. Coinbase now handles nearly 50% of all US crypto trading volume.
Pudgy Penguins' PENGU Token Surges Amid ETF Speculation
The PENGU meme coin, themed around the Pudgy Penguins NFT collection, has doubled in value over the past week, fueled by ETF speculation and social media momentum. The token now trades at $0.031, marking a 101% weekly gain.
Catalysts include Coinbase's X profile shift to a Penguin NFT and the SEC's review of Canary Capital's PENGU ETF filing—one of over two dozen altcoin ETF proposals under consideration. Cboe's 19b-4 application for the Canary PENGU ETF has entered the regulatory pipeline.
Analysts remain divided on sustainability. "Price action isn't entirely erratic," notes Min Jung of Presto Research, though concerns persist about PENGU's thin fundamentals. The rally mirrors broader meme coin enthusiasm as regulators weigh crypto investment vehicles.
