Bitcoin News Today: Bitcoin, Ethereum, Solana Rally in July; August Set to Be Pivotal for Crypto Market

Bitcoin, Ethereum, and Solana closed July with notable gains, but analysts caution that August could be the pivotal month for these major cryptocurrencies. Bitcoin has been consolidating in a tight range below $120,000 since mid-July, with experts suggesting this low-volatility phase could precede a significant move. According to Abbas Abdul Sater of Capital.com, a breakout above $120,000 could propel Bitcoin toward $140,000 or higher. However, a failure to maintain current levels could result in a short-term pullback [1].

Ethereum showed strong performance in July, closing above $3,500 and gaining nearly 50% for the month. Dean Chen of Bitunix highlighted the asset’s resilience amid broader market volatility and noted that Ethereum ETF inflows have been consistently positive, with net inflows on most trading days. The analyst pointed to $4,000 as a key psychological level, and if Ethereum stabilizes around $3,450, a stronger attempt to break higher could follow [2].

Solana also saw a modest increase in July, briefly crossing $200. Pauline Shangett of ChangeNOW attributed this momentum to rising on-chain activity, including a surge in decentralized finance (DeFi) volume and total value locked (TVL) reaching $10–14 billion. Maria Carola of StealthEx expects further gains, forecasting potential movement toward $250 if the trend continues [3].

August is shaping up as a critical month for the crypto market, with several macroeconomic and policy-related events on the horizon. These include U.S. inflation data releases, the Jackson Hole Economic Policy Symposium, and potential developments in Bitcoin and Ethereum ETF regulations. Analysts believe these factors could influence investor sentiment and price direction, especially as institutional interest in crypto assets appears to be on the rise [1].

Despite the positive momentum in July, the market remains cautious. Bitcoin’s historical performance in August and September often sees corrections or sideways movement, but a strong October rally has frequently followed periods of consolidation. With macroeconomic conditions improving and regulatory clarity increasing, the stage may be set for a more substantial move in the coming weeks.

Source:

[1] Abbas Abdul Sater, Head of Sales at Capital.com

[2] Dean Chen, Analyst at Bitunix

[3] Pauline Shangett, CSO at ChangeNOW

https://cryptonews.com/reports/august-2025-crypto-outlook-bitcoin-next-target-140k/