Despite
continued declines on Wall Street and turmoil in the technology sector, the
most popular cryptocurrencies managed to rebound from multi-week lows.
Bitcoin
(BTC) gained 1.3% during Wednesday’s session, Dogecoin (DOGE) rose nearly 6%,
XRP climbed 3%, and Ethereum (ETH) advanced 6.5%. And although we are seeing
slight corrections today (Thursday), market sentiment is once again turning
bullish.
In this
article, I examine why crypto is going up, provide a technical review of the
BTC/USDT, DOGE/USDT, ETH/USDT, and XRP/USDT charts, and present the latest
expert forecasts.
Bitcoin has
established itself as the undisputed leader of the current crypto surge,
hitting an all-time high of $124,290.93 on August 14, 2025, according to
CoinMarketCap data. As of August 21, 2025, Bitcoin trades at $113,887,
representing a market capitalization of approximately $2.26 trillion and rising
1.3% in the last 24 hours.
Why Bitcoin price is rebounding? Source: Tradingview.com
The digital
gold narrative has gained institutional validation. BlackRock’s iShares Bitcoin
ETF (IBIT) has accumulated $86.79 billion in assets under management, making it
the fastest-growing ETF in U.S. history. Combined Bitcoin and Ethereum ETF
inflows exceeded $13.2 billion year-to-date through Q2 2025, with institutional
demand outstripping Bitcoin production by 2.5x since January 2024.
Corporate
treasury adoption continues accelerating, with over 244 companies now holding
Bitcoin on balance sheets, nearly doubling from early 2025. MicroStrategy
(rebranded as “Strategy”) leads with over 582,000 BTC worth $62+
billion, having raised $584 million in January 2025 through convertible
preferred shares for additional purchases.
Ethereum Surge Driven by
ETF Momentum and DeFi Growth
Ethereum
currently trades at $4,304, boasting a market capitalization of $519 billion and 24-hour trading
volume of $46 billion as of August 21, 2025. The world’s second-largest
cryptocurrency has posted impressive gains of more than 6% in the past 24
hours, rebounding visibly from the local lows.
Why Ethereum price is rebounding? Source: Tradingview.com
Ethereum’s
rally gained significant momentum from record-breaking ETF performance in
August 2025. U.S. spot Bitcoin and Ethereum ETFs achieved $40 billion weekly
trading volume in early August, with Ether ETFs accounting for $17 billion and
attracting over $3 billion in inflows over two weeks. This institutional
interest reflects growing recognition of Ethereum’s utility in decentralized
finance (DeFi) and smart contract applications.
The DeFi
ecosystem continues expanding, with Lido commanding over $10.2 billion in total
value locked (TVL) through liquid staking services. Aave, Uniswap, and other
protocols are driving innovation in cross-chain interoperability and
traditional finance integration, with Deutsche Bank building an Ethereum Layer
2 solution and BlackRock’s BUIDL fund expanding across six blockchains.
XRP Price Breaks New
Ground amid Regulatory Optimism
XRP has
surged to $2.90, representing a market capitalization of $173 billion with $6.5
billion in 24-hour trading volume. A 3% gain over the past 24 hours is also
noticeable, allowing the cryptocurrency’s price to rebound from its August
lows.
The SEC’s
crypto-friendly approach under Chairman Paul Atkins, who replaced Gary Gensler
in January 2025, has significantly improved regulatory outlook for XRP. The
passage of the GENIUS Act in June 2025 provided crucial stablecoin regulatory
clarity, while XRP ETF applications from Grayscale, 21Shares, and Bitwise await
SEC decisions between October 2025 and January 2026.
Why XRP price is rebounding? Source: Tradingview.com
Cross-border
payment adoption continues driving XRP utility. PayPal’s “Pay with
Crypto” launch on July 28, 2025, supports over 100 cryptocurrencies
including XRP, targeting 650+ million global crypto users and reducing
cross-border transaction fees by up to 90%. The global cross-border payments
market is projected to grow from $212.5 billion in 2024 to $320.7 billion by
2030.
Dogecoin Maintains Meme
Coin Leadership Position
Dogecoin
trades at $0.22, maintaining its position as the ninth-largest cryptocurrency
with a market capitalization of $33 billion and $2.8billion in daily trading
volume. DOGE rose 6% in the last 24 hours and is rebounding from the psychological
support zone, including 50 and 200 EMAs and $0.20.
Why Dogecoin price is rebounding? Source: Tradingview.com
The meme
coin has benefited from broader crypto market optimism and potential Dogecoin
ETF developments. Bloomberg analyst Eric Balchunas assigns a 75% approval
chance for Dogecoin ETFs, which could provide institutional access similar to
Bitcoin and Ethereum funds.
Why Crypto Is Going Up?
Wednesday’s
rebound is particularly notable given that the stock market continued its
sell-off. The Nasdaq 100 fell another 0.6%, briefly testing its August lows and
extending Tuesday’s sharp decline. The S&P 500 slipped 0.24% after dropping
nearly 0.6% the previous day.
Several
macroeconomic factors, however, are creating favorable conditions for
cryptocurrency adoption in 2025. The U.S. dollar experienced its worst
first-half performance in over 50 years, declining 10.8% and driving investors
toward alternative assets. Weak dollar conditions historically correlate with
strong crypto performance, as demonstrated during the 2020-2021 period when
Bitcoin surged from $5,000 to over $60,000.
Federal
Reserve policy uncertainty supports crypto demand, with markets pricing 1.5-2.5
rate cuts by end-2025. Lower rates reduce the opportunity cost of holding
non-yielding assets like Bitcoin while making higher-risk investments more
attractive. Global economic uncertainty from trade tensions, geopolitical
conflicts, and policy volatility further drives institutional portfolio
diversification into uncorrelated assets.
Institutional
adoption has reached unprecedented levels, with 71% of institutional investors
now holding digital assets and crypto hedge fund assets under management
reaching $136.2 billion in Q2 2025. State pension funds in Wisconsin and
Michigan have invested in Bitcoin ETFs, while major banks including JPMorgan
have reversed previous anti-crypto stances.
Crypto Price Predictions.
How High Can Bitcoin, Ethereum, Dogecoin and XRP Go?
Source | BTC | ETH | XRP | DOGE |
Standard | $200k | $35k–$45k | $12.25 (2029) | — |
JPMorgan | Bullish vs. | $1,995 (fair | — | — |
Goldman Sachs | — | Outperform | — | — |
Bernstein | $200k | — | — | — |
VanEck | $180k | $6k–$11.8k | — | — |
Cathie Wood / | $500k | $8k | — | — |
Morningstar | — | — | $6.15 (2034) | — |
Crypto | $103k–$500k | — | $2.05–$5.81 | $0.17–$1.07 |
Analyst
projections for 2025 remain bullish, with Bitcoin targets ranging from $180,000
(VanEck) to $200,000 (Standard Chartered), while Ethereum could exceed $6,000
according to VanEck research. However, investors should consider potential
risks including regulatory changes, market volatility, and technical correction
possibilities.
Current
market conditions reflect fundamental improvements in crypto infrastructure,
institutional adoption, and regulatory clarity rather than speculative excess.
The convergence of institutional demand, supply constraints, and improving
macroeconomic conditions creates a compelling case for continued cryptocurrency
appreciation through 2025.
Cryptocurrency Market
Analysis FAQ
What’s driving
cryptocurrency prices higher in 2025?
Multiple
factors including institutional ETF adoption, regulatory clarity, dollar
weakness, supply constraints from Bitcoin halving, and improving market
infrastructure are converging to drive crypto demand.
Are current crypto price
levels sustainable?
Technical
indicators and institutional adoption trends suggest underlying strength,
though markets remain volatile. Strong support levels and continued
institutional inflows provide fundamental backing for current valuations.
What role do ETFs play in
crypto price increases?
Crypto ETFs
have attracted over $13.2 billion in inflows year-to-date, with BlackRock’s
Bitcoin ETF alone holding $86.79 billion. ETF demand often outstrips Bitcoin
production, creating supply scarcity.
Despite
continued declines on Wall Street and turmoil in the technology sector, the
most popular cryptocurrencies managed to rebound from multi-week lows.
Bitcoin
(BTC) gained 1.3% during Wednesday’s session, Dogecoin (DOGE) rose nearly 6%,
XRP climbed 3%, and Ethereum (ETH) advanced 6.5%. And although we are seeing
slight corrections today (Thursday), market sentiment is once again turning
bullish.
In this
article, I examine why crypto is going up, provide a technical review of the
BTC/USDT, DOGE/USDT, ETH/USDT, and XRP/USDT charts, and present the latest
expert forecasts.
Bitcoin has
established itself as the undisputed leader of the current crypto surge,
hitting an all-time high of $124,290.93 on August 14, 2025, according to
CoinMarketCap data. As of August 21, 2025, Bitcoin trades at $113,887,
representing a market capitalization of approximately $2.26 trillion and rising
1.3% in the last 24 hours.
Why Bitcoin price is rebounding? Source: Tradingview.com
The digital
gold narrative has gained institutional validation. BlackRock’s iShares Bitcoin
ETF (IBIT) has accumulated $86.79 billion in assets under management, making it
the fastest-growing ETF in U.S. history. Combined Bitcoin and Ethereum ETF
inflows exceeded $13.2 billion year-to-date through Q2 2025, with institutional
demand outstripping Bitcoin production by 2.5x since January 2024.
Corporate
treasury adoption continues accelerating, with over 244 companies now holding
Bitcoin on balance sheets, nearly doubling from early 2025. MicroStrategy
(rebranded as “Strategy”) leads with over 582,000 BTC worth $62+
billion, having raised $584 million in January 2025 through convertible
preferred shares for additional purchases.
Ethereum Surge Driven by
ETF Momentum and DeFi Growth
Ethereum
currently trades at $4,304, boasting a market capitalization of $519 billion and 24-hour trading
volume of $46 billion as of August 21, 2025. The world’s second-largest
cryptocurrency has posted impressive gains of more than 6% in the past 24
hours, rebounding visibly from the local lows.
Why Ethereum price is rebounding? Source: Tradingview.com
Ethereum’s
rally gained significant momentum from record-breaking ETF performance in
August 2025. U.S. spot Bitcoin and Ethereum ETFs achieved $40 billion weekly
trading volume in early August, with Ether ETFs accounting for $17 billion and
attracting over $3 billion in inflows over two weeks. This institutional
interest reflects growing recognition of Ethereum’s utility in decentralized
finance (DeFi) and smart contract applications.
The DeFi
ecosystem continues expanding, with Lido commanding over $10.2 billion in total
value locked (TVL) through liquid staking services. Aave, Uniswap, and other
protocols are driving innovation in cross-chain interoperability and
traditional finance integration, with Deutsche Bank building an Ethereum Layer
2 solution and BlackRock’s BUIDL fund expanding across six blockchains.
XRP Price Breaks New
Ground amid Regulatory Optimism
XRP has
surged to $2.90, representing a market capitalization of $173 billion with $6.5
billion in 24-hour trading volume. A 3% gain over the past 24 hours is also
noticeable, allowing the cryptocurrency’s price to rebound from its August
lows.
The SEC’s
crypto-friendly approach under Chairman Paul Atkins, who replaced Gary Gensler
in January 2025, has significantly improved regulatory outlook for XRP. The
passage of the GENIUS Act in June 2025 provided crucial stablecoin regulatory
clarity, while XRP ETF applications from Grayscale, 21Shares, and Bitwise await
SEC decisions between October 2025 and January 2026.
Why XRP price is rebounding? Source: Tradingview.com
Cross-border
payment adoption continues driving XRP utility. PayPal’s “Pay with
Crypto” launch on July 28, 2025, supports over 100 cryptocurrencies
including XRP, targeting 650+ million global crypto users and reducing
cross-border transaction fees by up to 90%. The global cross-border payments
market is projected to grow from $212.5 billion in 2024 to $320.7 billion by
2030.
Dogecoin Maintains Meme
Coin Leadership Position
Dogecoin
trades at $0.22, maintaining its position as the ninth-largest cryptocurrency
with a market capitalization of $33 billion and $2.8billion in daily trading
volume. DOGE rose 6% in the last 24 hours and is rebounding from the psychological
support zone, including 50 and 200 EMAs and $0.20.
Why Dogecoin price is rebounding? Source: Tradingview.com
The meme
coin has benefited from broader crypto market optimism and potential Dogecoin
ETF developments. Bloomberg analyst Eric Balchunas assigns a 75% approval
chance for Dogecoin ETFs, which could provide institutional access similar to
Bitcoin and Ethereum funds.
Why Crypto Is Going Up?
Wednesday’s
rebound is particularly notable given that the stock market continued its
sell-off. The Nasdaq 100 fell another 0.6%, briefly testing its August lows and
extending Tuesday’s sharp decline. The S&P 500 slipped 0.24% after dropping
nearly 0.6% the previous day.
Several
macroeconomic factors, however, are creating favorable conditions for
cryptocurrency adoption in 2025. The U.S. dollar experienced its worst
first-half performance in over 50 years, declining 10.8% and driving investors
toward alternative assets. Weak dollar conditions historically correlate with
strong crypto performance, as demonstrated during the 2020-2021 period when
Bitcoin surged from $5,000 to over $60,000.
Federal
Reserve policy uncertainty supports crypto demand, with markets pricing 1.5-2.5
rate cuts by end-2025. Lower rates reduce the opportunity cost of holding
non-yielding assets like Bitcoin while making higher-risk investments more
attractive. Global economic uncertainty from trade tensions, geopolitical
conflicts, and policy volatility further drives institutional portfolio
diversification into uncorrelated assets.
Institutional
adoption has reached unprecedented levels, with 71% of institutional investors
now holding digital assets and crypto hedge fund assets under management
reaching $136.2 billion in Q2 2025. State pension funds in Wisconsin and
Michigan have invested in Bitcoin ETFs, while major banks including JPMorgan
have reversed previous anti-crypto stances.
Crypto Price Predictions.
How High Can Bitcoin, Ethereum, Dogecoin and XRP Go?
Source | BTC | ETH | XRP | DOGE |
Standard | $200k | $35k–$45k | $12.25 (2029) | — |
JPMorgan | Bullish vs. | $1,995 (fair | — | — |
Goldman Sachs | — | Outperform | — | — |
Bernstein | $200k | — | — | — |
VanEck | $180k | $6k–$11.8k | — | — |
Cathie Wood / | $500k | $8k | — | — |
Morningstar | — | — | $6.15 (2034) | — |
Crypto | $103k–$500k | — | $2.05–$5.81 | $0.17–$1.07 |
Analyst
projections for 2025 remain bullish, with Bitcoin targets ranging from $180,000
(VanEck) to $200,000 (Standard Chartered), while Ethereum could exceed $6,000
according to VanEck research. However, investors should consider potential
risks including regulatory changes, market volatility, and technical correction
possibilities.
Current
market conditions reflect fundamental improvements in crypto infrastructure,
institutional adoption, and regulatory clarity rather than speculative excess.
The convergence of institutional demand, supply constraints, and improving
macroeconomic conditions creates a compelling case for continued cryptocurrency
appreciation through 2025.
Cryptocurrency Market
Analysis FAQ
What’s driving
cryptocurrency prices higher in 2025?
Multiple
factors including institutional ETF adoption, regulatory clarity, dollar
weakness, supply constraints from Bitcoin halving, and improving market
infrastructure are converging to drive crypto demand.
Are current crypto price
levels sustainable?
Technical
indicators and institutional adoption trends suggest underlying strength,
though markets remain volatile. Strong support levels and continued
institutional inflows provide fundamental backing for current valuations.
What role do ETFs play in
crypto price increases?
Crypto ETFs
have attracted over $13.2 billion in inflows year-to-date, with BlackRock’s
Bitcoin ETF alone holding $86.79 billion. ETF demand often outstrips Bitcoin
production, creating supply scarcity.
