$100K BTC Only in the Cards for 2025!

While BTC’s price could rise in September, some analysts believe the crypto may only hit $100K in 2025.

Author

Danielle du Toit
July 31, 2024

In partnership with

We put your money to work

Betterment’s financial experts and automated investing technology are working behind the scenes to make your money hustle while you do whatever you want.

Here's what we've got for you today:

  • BTC Price Set for September Surge with Six-Figure Predictions for 2025

  • SEC Likely Still Believes SOL is a Security, Say Crypto Execs

  • XRP’s 8% Rally Outshines Bitcoin: Investors Eye Ripple Settlement for Further Gains

  • Solana’s Network Growth Complicated by Bot Transaction Allegations

While BTC’s price is predicted to move up in September, some analysts believe that BTC will only hit $100K in 2025.

  • Rekt Capital pointed out that Bitcoin is still on track for a potential breakout in September despite not breaking out of the re-accumulation range within 100 days after the April halving.

  • Several traders predict that Bitcoin is more likely to surpass $100,000 in 2025 rather than 2024, as its higher timeframe chart looks more promising.

  • Other analysts also pointed out how impressive Bitcoin’s quarterly chart is, suggesting that a six-figure Bitcoin price is very feasible in 2025.

❓️ SEC Likely Still Believes SOL is a Security, Say Crypto Execs

The United States Securities and Exchange Commission has not necessarily let Solana off the hook as a security.

  • The Chief Legal Officer at Variant Fund stated in an X post that there is no indication that the SEC has classified Solana (SOL) as a non-security.

  • The SEC wants to amend its complaint about “Third Party Crypto Asset Securities,” indicating it is no longer asking the court to determine the security status of the tokens listed in the Binance lawsuit.

  • Despite this, the SEC still labels the same tokens as securities in other lawsuits, including its case against Coinbase.

This increase in XRP’s price comes amid ongoing discussions of a potential settlement between the U.S. SEC and Ripple.

  • As August begins, the SEC vs. Ripple lawsuit is heading into a critical stage with Judge Analisa Torres yet to issue a ruling.

  • XRP enthusiast Jack the Rippler recently retweeted a leaked image suggesting a secret meeting between the SEC and Ripple on Aug. 1. This is fueling speculation about a potential settlement.

  • Blockchain analysis platform Santiment revealed that the number of wallets holding at least 10,000 XRP has increased over the past five weeks.

🤖 Solana’s Network Growth Complicated by Bot Transaction Allegations

Solana's recent performance metrics reveal many bot-driven transactions, which is raising concerns about the authenticity of its trading volume and network activity.

  • A recent research article suggests that a lot of Solana's recent activity is driven by MEV bots.

  • Despite these concerns, Solana’s financial performance is still strong. In fact, Solana generated $25 million in total fees during the week of July 22, surpassing Ethereum's $21 million.

  • Solana also recorded the highest 30-day decentralized exchange (DEX) volume in the industry.

👀 QUICK NEWS

MEME OF THE DAY

How did you like today's newsletter?

Login or Subscribe to participate in polls.

That’s it for today. Don’t forget to share Coinpaper Digest with your friends!