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Bitcoin price could retest $110k amid market cooling, analyst warns

Crypto experts highlight a cooling market and potential support zone amid significant Bitcoin sell-offs.

CryptoSlate

Jul 25

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Happy Friday!

Bitcoin is at a crucial juncture, with a market cooldown prompting analysts to warn of a possible retest of $110,000 amid notable sell-offs. Institutional demand is intensifying, with over 10% of Bitcoin supply now held by big players, far outstripping new mining output. Meanwhile, Ethereum staking heats up as BitMine Immersion accelerates its aggressive acquisition strategy, holding over $2 billion in ETH with ambitions to stake 5% of the total supply, underscoring its growing dominance in the market. Keep an eye on these important crypto updates happening today.

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The global crypto market cap is $3.77 trillion, with a 24-hour volume of $227.76 billion. The price of Bitcoin is $115,134.74, and BTC market dominance is 60.7%. The price of Ethereum is $3,632.94, and ETH market dominance is 11.6%. The best-performing sector is Storage, which gained 14%. The Crypto Fear & Greed Index is currently Greed (70).