Bitcoin Soars Past $119k, Ethereum Eyes $4k, and DeFi Sizzles Ahead of FOMC and ETF Drama
Crypto Market Analysis: Daily Bitcoin, Ethereum & DeFi Updates podcast.Hey Crypto fam, this is Crypto Willy bringing you the sharpest crypto market rundown for the wild week ending July 29, 2025. If you’re riding the Bitcoin, Ethereum, or DeFi waves, strap in—because the charts have been electric and the big players are making moves.Let’s start with the king—**Bitcoin**. The big news dropped over the weekend when Bitcoin punched past $119,000, extending its rally from the last two-week lows. That spike came hot on the heels of a global sigh of relief after the US and EU hammered out a trade agreement, dodging a scary 30% tariff threat. Traders got aggressive—a $270 million leveraged long on the BTC/ETH pair was disclosed, and over $43 million in shorts got liquidated almost overnight. That’s a ton of confidence flooding in. Institutional lions like Metaplanet, SpaceX, and Square are fueling ETF demand, and the hashrate just notched another all-time high above 955 EH/s.The mood is bullish—seriously bullish. Fear & Greed Index is showing 75, deep in greed territory, which usually means more folks are buying than selling. Technicals show Bitcoin holding just above the $118k support, consolidating near its 20-day moving average at $117,176. Consolidation’s the name of the game right now, but with those narrow Bollinger Bands, traders are watching for a big move—possibly a breakout past $123,600. Citi just lobbed out its jaw-dropping new price forecast, calling for $135,000 as a base case by year-end, and a moonshot bull case at $199,000. Finder's panel puts the average target at $145,167, some even eyeing a wild $250,000 for 2025, though the ultra-bears warn of possible dips to $70,000.Now let’s zoom in on **Ethereum**. Ether is on a roll, flirting with $4,000 and showing powerful bullish momentum, as a tight supply on exchanges cranks up the pressure. The $4,100 resistance is the next big hurdle, and if buyers push through, $4,250 could be in play next week. Institutional buying, DeFi development, and recent bullish settlements in long-standing SEC cases are all ramping up ETH demand.The wider **DeFi scene** is quietly heating up too. Bullish sentiment reigns as FTX creditor repayments inject capital, and next week could get spicy with two giant potential catalysts: the FOMC meeting (watch for rate talks!) and a big SEC decision on the Bitwise BITW ETF coming July 31. Any move there could send shockwaves across DeFi and the blue chips.The total crypto market cap now floats just under $3.9 trillion, still led overwhelmingly by Bitcoin but showing growing altcoin energy. XRP managed a rebound off $2.84 support, and the Altcoin Season Index sits at 42 out of 100—meaning Bitcoin’s dominance is still strong, but keep those radar pings up for the smaller caps.In short: the big boys are buying, momentum is building, but with the FOMC and ETF drama ahead, keep those stop losses tight and your eyes on the charts.Thanks for tuning into another breakdown with Crypto Willy. Come back next week for your next shot of crypto fire. This has been a Quiet Please production—if you want more, check me out at Quiet Please Dot A I. Stay techie, stay curious, and keep those wallets secure.Get the best deals https://amzn.to/3ODvOta