Ether inches closer to all-time highs as several bullish indicators align to support a rally into price discovery in the coming days. Key takeaways: ETH’s price jumped 10% today, inching toward its all-time high of $ 4,867. Over $2.3 billion flows into spot Ethereum ETFs over six days. Read more
The ballooning US deficit may lead to an increase in the money supply through quantitative easing, lining up a $132,000 Bitcoin price top in 2025. The US federal debt has reached a record $37 trillion, adding fuel to calls that rising deficits and potential money supply growth may underpin a Bitcoin rally to $132,000 by year’s end. “Thanks to the One Big Beautiful Bill Act, the debt just officially passed the $37 trillion mark,” said Representative Thomas Massie in a Wednesday X post. The US deficit has risen to its latest record high a month after US President Donald Trump signed the One Big Beautiful Bill Act into law on July 4, which he said would cut as much as $1.6 trillion in federal spending. Read more
Standard Chartered now sees ETH hitting $7,500 in 2025, fueled by record ETF and treasury buying, stablecoin growth and Ethereum network upgrades. Standard Chartered has raised its Ether price forecast for 2025 to $7,500, up from a previous $4,000 target, citing a surge in institutional buying and the accelerating adoption of stablecoins following recent US regulatory changes. In a report shared with Cointelegraph, the bank said Ether (ETH) treasury companies and exchange-traded funds (ETFs) have acquired 3.8% of all ETH in circulation since early June, almost double the fastest rate of Bitcoin accumulation by similar entities during the 2024 US election cycle. “A lot has changed since our last ETH forecast update in March,” Standard Chartered wrote. “The first strongly positive sign was significant industry engagement from the Ethereum Foundation and Etherialize, two of the organisations behind the Ethereum ecosystem,” it added. Read more