According to The Block, research analysts said that continued institutional demand is driving bitcoin to remain near all-time highs, currently trading around $118,500. Ether rallied strongly to $3,761, benefiting from the increasing number of companies including ETH in their treasury reserves and record inflows into ETFs.
Presto Research analyst Min Jung pointed out that although Bitcoin dominance has declined to 61%, the current bull market is mainly driven by institutions, and it is still uncertain whether this strength can be extended to the broad market of counterfeit products beyond the large "dinosaur coins".
Nick Ruck, head of LVRG Research, added that the current bull cycle is attributed to the addition of Ether and a handful of major counterfeit products to corporate coffers, as well as the trend of traditional financial firms further integrating DeFi through RWA tokens and stablecoins.
Analysts: institutional demand to support the crypto market, counterfeit products pre-season situation is still unclear
2025-07-21 03:36:58
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