📈 Crypto Breaking news,Bitcoin Breaks $60K Again – What’s Fueling the Surge? [Global Crypto Update – July 8, 2025]
Bitcoin (BTC) has once again soared past the $60,000 mark as of July 8, 2025 — reigniting global interest across retail and institutional markets. As the leading cryptocurrency gains fresh momentum, traders and analysts are now closely watching ETF inflows and upcoming U.S. Federal Reserve minutes for clues on what’s next.
Current BTC Price: $60,348
📈 24h Change: +3.72%
The bullish sentiment comes amid increased institutional accumulation, improved macroeconomic data, and declining inflation concerns in the U.S.
🌍 What’s Driving Bitcoin’s Rally Today?
- ETF Inflows Resuming: After weeks of muted demand, Bitcoin ETFs are reporting stronger inflows. BlackRock’s IBTC and Fidelity’s FBTC have shown renewed investor confidence.
- Fed Minutes Anticipation: Investors are speculating a dovish stance from the Fed in its upcoming report, possibly indicating a pause in rate hikes.
- Asia-Pacific Buying Power: South Korea and Hong Kong exchanges reported increased volume as local fiat strengthened.
- Altcoins Gaining Momentum: Ethereum, Solana, and newer tokens like PEPE and AIDOGE also saw 5–10% upticks, adding strength to the market rally.
These combined global macro factors appear to be pushing BTC back toward bullish territory, with analysts predicting possible movement toward $65K if current support holds.
🧠 Expert Commentary – Is This the Start of the Next Leg Up?
Crypto strategist Michael van de Poppe tweeted: “Bitcoin reclaiming $60K is a strong technical move. If ETF inflows stay green this week, we might test $62.5K soon.”
Meanwhile, ARK Invest’s Cathie Wood commented during a webcast: “We continue to see long-term upside in Bitcoin due to decentralization and on-chain resilience.”
💡 What It Means for Investors:
- ✅ Short-term traders may see fresh entry opportunities at current levels.
- ✅ Long-term holders reaffirm their conviction during such rallies.
- ❗ Caution: Watch out for volatility ahead of Fed minutes and CPI data this week.
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Disclaimer: Crypto investments are subject to risk. This blog is for educational use only. DYOR before investing.
