The cryptocurrency market is experiencing a remarkable resurgence in June 2025, with Bitcoin price leading the charge toward new highs, closing the strongest session in a month. At the same time, Ethereum price, XRP price, and Dogecoin price all demonstrate strong bullish momentum.

Understanding why crypto is up requires examining the convergence of institutional adoption, technical breakouts, and fundamental developments driving this market-wide rally. You will find all of that in the article below, plus the newest crypto price predictions.

Bitcoin Price Breaks Through $110,000 Resistance

Bitcoin (BTC) surged by more than 4% on Monday, gaining nearly $5,000 in a single day and testing the $110,500 level. Although Tuesday’s session has brought a modest correction of under 1%, and the price failed to hold above $110,000, Bitcoin remains close to its current all-time high of $112,000, set on May 22. It is worth noting that yesterday’s surge marked Bitcoin’s strongest daily move since May 8, over a month ago.

The recent surge in Bitcoin price is supported by several key factors. Institutional inflows through Bitcoin ETFs have pumped $2.8 billion into the market in May alone, with total ETF assets exceeding $122 billion. This represents unprecedented institutional adoption, with large holders consistently buying during price dips – a classic bullish signal that often precedes further gains.

At this stage, technical analysis becomes more difficult as the price nears historical highs, which will likely act as resistance. In my view, any pullbacks should be seen as buying opportunities, especially near the 50-week moving average around $102,000 or the psychological support at $100,000. Only a drop below $92,000 and the 200-day moving average would indicate a potential shift in momentum back to the bears.

Why is Bitcoin price going up today. Source: Tradingview.com

Bitcoin’s rally also lifted several key altcoins, which will be discussed in the next part of this article.

Ethereum Posts Strongest Gain in Five Weeks, Tests Upper Range of Ongoing Consolidation

As shown on the chart below, Ethereum (ETH) posted a 6.7% gain during Monday’s session, allowing the price to test the highest levels seen in June. It also returned to the upper boundary of the consolidation pattern that has been forming for about a month, ranging between $2,700 and $2,740. Notably, this was Ethereum’s strongest daily gain in approximately five weeks.

From a technical analysis standpoint, Ethereum has been consolidating between $2,700 and $2,400 for about a month. A breakout above the upper boundary could pave the way for further gains and a potential return to the psychological level of $3,000. Conversely, a break below the lower boundary could trigger renewed bearish momentum, with the price possibly falling to $2,200, February’s lows.

Why is Ethereum price going up today. Source: Tradingview.com

The surge in Ethereum price reflects growing institutional confidence and network fundamentals. BlackRock’s iShares Ethereum Trust has recorded 23 consecutive trading days without an outflow, demonstrating sustained institutional demand. Additionally, the Ethereum Foundation’s recent restructuring of its Protocol Research and Development division has injected fresh energy into the ecosystem.

How high can Ethereum go becomes a critical question as technical patterns suggest continued upside. The $2,700 price zone has served as resistance multiple times over the past month, but breaking through this level could trigger momentum toward $2,900-$3,000 range predicted for July 2025.

You may also like: How High Can Bitcoin Go? BTC Price Eyes $140K Summer Target as Institutions Drive Predictions of New Rally

XRP Surges 10% on Institutional Recognition

XRP price posted an impressive weekend rally, gaining nearly 10% and testing monthly highs around $2.28. This represents the strongest single-day gain in nearly a month, with XRP significantly outperforming other major cryptocurrencies during the same period.

The catalyst behind XRP price strength includes its addition to the Nasdaq Crypto US Settlement Price Index, marking a pivotal milestone for institutional recognition. This development, combined with growing optimism around potential XRP ETF approval, has renewed investor confidence in the token’s long-term prospects.

Ripple’s expanding global adoption further supports the bullish case for XRP price. The company’s platform now claims coverage of over 90% of the global foreign exchange market, with XRP playing a central role in modernizing cross-border payments and challenging the outdated SWIFT system infrastructure.

XRP rose 2.4% during Monday’s session, reaching $2.33. Although the move was relatively modest, it confirms the ongoing breakout from the flag pattern discussed in yesterday’s XRP-focused analysis. Based on that analysis, the token could now be heading toward the $3.30 level.

Why is XRP price going up today. Source: Tradingview.com

Dogecoin Price Rebounds, but Resistance Looms

Dogecoin (DOGE) followed the lead of its larger peers, rising 5.5% on Monday and continuing its rebound from June lows, which had brought the price to monthly minimums. Despite this recovery, the token remains below the 50- and 200-day exponential moving averages. A break above the psychological threshold of 20 cents could relieve selling pressure further. Until then, however, my positioning would still lean toward the bearish side.

Technical analysis suggests Dogecoin price could break above the $0.20 resistance level, with monthly candlestick patterns indicating a potential rally peak between June and July 2025. The positive 11.7% close in May has strengthened the bullish case, with previous cycles producing notable upside moves.

Why is Dogecoin price going up today. Source: Tradingview.com

Crypto price predictions for Dogecoin suggest the token could approach $0.55 by the end of Q2 2025, with potential to surpass the $1 milestone during the second half of the year. However, significant resistance is expected during Q3, potentially causing temporary pullbacks before year-end targets of $1.05-$1.10.

Why Is Crypto Going Up? Market Drivers Behind the Rally

Understanding why is crypto up requires examining multiple converging factors. The global cryptocurrency market capitalization has rebounded to $2.19 trillion, with 24-hour trading volume jumping 67.81% to $57.09 billion. This surge in activity reflects renewed investor interest and institutional participation.

Macroeconomic factors play a crucial role in the current rally. Geopolitical tensions and policy uncertainties are pushing traders toward Bitcoin as a hedge against traditional market volatility. Additionally, the correlation between Bitcoin and global M2 money supply suggests that monetary policy decisions continue influencing crypto valuations.

Regulatory developments have also contributed to positive sentiment. The increasingly crypto-friendly political climate and clearer regulatory frameworks have reduced institutional barriers to entry, enabling larger capital allocations to digital assets.

Bitcoin, Ethereum and XRP Price Predictions and Future Outlook

Crypto price predictions for the remainder of 2025 remain overwhelmingly bullish. Bitcoin could potentially reach between $150,000 and $200,000 by year-end, with some analysts targeting even higher levels based on supply-demand dynamics. The fact that 95% of all Bitcoin has been mined while 95% of the world doesn’t own Bitcoin creates a compelling scarcity narrative.

Ethereum price forecasts suggest trading ranges between $2,800-$3,000 through summer 2025, with potential stretched targets of $5,000 if bullish momentum accelerates. The transition to proof-of-stake and growing DeFi ecosystem continue strengthening Ethereum’s fundamental value proposition.

XRP price predictions span an unusually wide range, from conservative targets of $3-$8 in 2025 to more aggressive scenarios extending toward $100 by 2026. The outcome of ongoing regulatory developments and potential ETF approvals will significantly influence these projections.

The current crypto rally represents more than typical market speculation. Institutional adoption, regulatory clarity, and fundamental technological developments are creating a foundation for sustained growth. While volatility remains inherent to cryptocurrency markets, the convergence of these positive factors suggests the current uptrend could extend well into 2025 and beyond.

Crypto News, FAQ

Why Is the Crypto Market Going Up?

The crypto market’s impressive rally stems from several key catalysts working in tandem. Institutional adoption has reached unprecedented levels, with major financial institutions and corporations adding Bitcoin and other cryptocurrencies to their balance sheets. BlackRock’s Bitcoin ETF has recorded 23 consecutive trading days without outflows, while corporate treasury investments continue to pour into the market.

Why Is XRP Going Up?

XRP price has demonstrated exceptional strength with a 10% weekend gain, driven by several specific catalysts. The most significant driver is XRP’s inclusion in the Nasdaq Crypto US Settlement Price Index on June 2, marking a pivotal milestone for institutional recognition. This development has renewed market hopes for altcoin-based ETFs and enhanced XRP’s profile within regulated financial products

Which Crypto Will Boom in 2025?

Several cryptocurrencies are positioned for exceptional performance in 2025 based on fundamental developments and market dynamics. Bitcoin remains the flagship asset with projections ranging from $150,000 to $300,000 by late 2025. The combination of supply scarcity post-halving, institutional demand, and its role as digital gold creates a compelling long-term narrative.

Ethereum is expected to benefit significantly from its Layer-2 ecosystem expansion and continued DeFi innovation, with price targets ranging from $2,800 to $4,911. The network’s transition to proof-of-stake and growing institutional adoption through ETFs provide strong fundamental support.

How Long Will Crypto Bull Run Last?

The current crypto bull run is expected to continue well into 2025 and potentially beyond, based on historical patterns and current market dynamics. Analysts predict the bull run’s peak between April and May 2025, though some forecasts extend the timeline significantly further.

Historical precedent suggests bull runs typically last 12 to 18 months from their initial kickoff, often revolving around Bitcoin halving cycles that occur roughly every four years. The April 2024 halving has created the supply scarcity that historically precedes extended price appreciation periods.