Why Is Crypto Increasing? Today’s Leading Broad Rally in Bitcoin, Ethereum, XRP, and Dogecoin Prices

With the entire market capitalization increasing to almost $3.88 trillion in the 24 hours leading up to early Friday, August 8, 2025, up 2.8% from the previous day, the cryptocurrency market is seeing significant increases across key assets. Due to increased trading activity, investors’ preference for large-cap digital assets is reflected in Bitcoin’s continued dominance, which stands at around 60%.

The surge this week occurs amid significant macroeconomic and regulatory changes in the US. President Donald Trump recently issued an executive order permitting the inclusion of cryptocurrencies in 401(k) retirement plans. According to commentators, this policy move may open up new long-term funding sources.

Futures markets are pricing in a 95% chance of an interest rate decrease in September, reflecting the markets’ interpretation of Stephen Miran’s nomination to the Federal Reserve’s Board of Governors as a possible move toward more dovish monetary policy.

In this post, I look at the reasons behind the rise in cryptocurrency, perform a technical analysis of the charts for BTC/USDT, ETH/USDT, XRP/USDT, and DOGE/USDT, and study the most recent price projections from analysts and experts.

Bitcoin Price Pushes Back Toward Highs

The price of Bitcoin (BTC) increased 1.7% over the previous day, rising back above $116,500 on Friday. The rise marks a return to the range that dominated most of July and comes after a brief decline below $112,000 earlier in the week. Prices momentarily hit $117,500 in late U.S. trade on Thursday, the highest level since the end of last month.

Market observers attribute the recovery to a confluence of policy tailwinds and macroeconomic confidence. The demand picture is getting stronger due to the possibility of looser monetary policy and retirement-account access to cryptocurrency. Additionally, institutional flows are still strong; according to data from July, over 21,000 Bitcoins, or around $2.46 billion, were added to institutional holdings.

Even while sentiment has improved, resistance close to the $117,500 mark still stands in the way of more gains. The Federal Reserve’s annual Jackson Hole symposium is in two weeks, so traders are cautious, but a sustained breakout might pave the way toward the $120,000 region.

Ethereum Holds Near $3,900 on Network Optimism

The price of Ethereum (ETH) has surpassed that of Bitcoin in recent sessions, increasing by almost 6% in the last day to hover at $3,906 as of Friday morning. Prices eased marginally into the current consolidation zone on Thursday after hitting intraday highs above $3,970.

The increase comes after increased demand in the futures and spot markets as well as hope for network-level improvements that will increase scalability. With many pointing to $4,000 as the next significant resistance mark, technical indicators show that ETH is still trading comfortably above its 50-day moving average. If buying pressure continues, some projections indicate the asset might reach $4,400 in the medium run.

My technical research indicates that the $3,950–$4,000 range has strong resistance, and I wouldn’t be shocked if it led to selling pressure and a return to the local highs from the first half of July, which are below $3,800. Anything over $3,000, though, still offers a chance to purchase.

“We see institutional buyers moving limits up from their $2,500 range to floors at $3,200 levels, so a correction here would be healthy and would give room for the options market to fill and move us higher in the coming months,” said Paul Howard of Wincent.

Dogecoin Jumps on Whale Accumulation

Among the main cryptocurrencies, Dogecoin’s (DOGE) price saw one of the biggest percentage increases of the day, rising 8.4% to $0.22 in the 24 hours leading up to August 8. Two separate breakout phases drove the advance, one at 10:00 UTC that saw prices rise to $0.213, and another between 19:00 and 22:00 UTC that saw the token reach a session high of $0.223.

Significant market activity was indicated by trading volume over 1 billion DOGE, which was significantly higher than the 24-hour average of 378 million. According to data, there has been a significant “whale” buildup over the last 48 hours, with high-volume investors purchasing over 1 billion DOGE. Some analysts have set medium-term targets at $0.34 and $0.50, claiming that this activity is increasing institutional confidence.

Technically, support is holding just above $0.220, while new resistance has developed in the $0.222–$0.224 zone. The relative strength index (RSI), which in previous cycles followed rallies of more than 70%, is approaching historically overbought levels, according to momentum indicators. As a possible catalyst for the upcoming leg higher, traders are keeping an eye out for a sustained move above $0.224.

XRP Climbs on Legal Resolution and Options Activity

The price of XRP increased 11% in the last day, from $2.99 to $3.30, the highest level since July 28. Over 300 million tokens were exchanged throughout the rally, with peak volumes on Thursday around 21:00 UTC.

The price spike occurred at the same time as the lengthy lawsuit against Ripple Labs by the U.S. Securities and Exchange Commission officially ended. By agreeing to withdraw their challenges at the Second Circuit Court of challenges, the parties lifted a legal snag that had been affecting XRP’s regulatory standing since 2020. The resolution is seen by market participants as paving the way for increased institutional participation, especially in the US.

 

With a clearly defined flag formation indicating possible targets between $8 and $15 over a longer time horizon, my technical analysis points to a bullish bias. Testing the current (almost) all-time high at $3.60 is made simpler by the fact that the price of XRP/USDT has returned above the $3.33 support zone.

Large block trades in XRP options, particularly long straddle positions, suggest that traders are setting up for ongoing volatility on the derivatives side. Another possible demand driver is an ETF registration by SBI Holdings of Japan that incorporates both Bitcoin and XRP.

Why Is Crypto Going Up Today? Broader Trends and Institutional Positioning

Policy changes — President Trump’s executive order now permits cryptocurrency investments in 401(k) retirement plans, broadening access for retail investors and expanding the potential capital base.
Monetary policy expectations — Markets are pricing in a high probability of a Federal Reserve interest rate cut in September, providing support for risk assets.
Institutional accumulation — Hedge funds, asset managers, and high-net-worth investors are making large-scale purchases of Bitcoin, Ethereum, XRP, and DOGE.
Regulatory clarity — The conclusion of the SEC vs. Ripple case removes a major legal overhang for XRP, improving investor confidence.
ETF developments — Japan’s SBI Holdings has filed for a Bitcoin–XRP ETF, fueling expectations of stronger demand.
Technical breakouts — Multiple cryptocurrencies are breaking through key resistance levels, drawing in momentum traders.
Rising trading volumes — On-chain and exchange activity is surging, particularly in altcoins like DOGE and XRP.

Macro risk-on sentiment — Declining inflation expectations and softer economic data are encouraging flows into high-beta assets.
Derivative market signals — Bullish options positioning, such as long straddles in XRP, suggests traders anticipate further volatility.
Whale activity — Large DOGE acquisitions by major holders signal strong confidence in the asset.

Beyond the daily price swings, the rally is being fueled by deeper structural trends. Institutional adoption is accelerating, with corporate treasuries and professional investors steadily increasing allocations. Institutional Bitcoin holdings now account for roughly 6% of the circulating supply.

Policy shifts—such as enabling retirement-plan access to crypto and providing clearer regulatory frameworks—are lowering barriers for large capital pools. Analysts argue these changes could sustain demand even during market consolidation phases.

Meanwhile, easing inflation expectations and the likelihood of near-term rate cuts are reinforcing risk-on sentiment. Historically, such macro conditions have benefited both equities and cryptocurrencies, as investors seek higher-beta opportunities.

Bitcoin, Ethereum, XRP and Dogecoin Price Predictions

Bitcoin (BTC) Price Predictions Table

Bitcoin (BTC) Price Predictions Table

Bitcoin projections vary widely: from modest near-term ranges ($116K–$150K) to ambitious year-end targets as high as $250K.

Source / Analyst	Forecast	Notes
MarketWatch – Anthony Scaramucci	$200,000 (2025)	Based on long-term adoption and macro factors
Fundstrat – Tom Lee	$250,000 (end-2025)	Bullish scenario if institutional inflows persist
CoinDCX	$116K–$120K (Aug 2025); $125K–$150K medium term	Technical and sentiment-based forecast
TradingNEWS	$133,300	Inverse head-and-shoulders breakout potential

Ethereum (ETH) Price Predictions Table

Ethereum sees consistent forecasts near $4K–$4.5K in the short term, with bullish long-term scenarios ranging from $10K to $13K.

Source / Analyst	Forecast	Notes
InvestingLive	$4,400 (long-term)	Target based on bullish trend continuation
Changelly (analyst average)	$4,506 (Aug peak); $3,545 (Dec avg)	Based on historical trend models
MarketWatch	Potential retest of $4,865 ATH; resistance at $4,100	Depends on network upgrade momentum
CoinCentral	$10,000 (long-term)	Driven by ETF adoption and whale activity
ZyCrypto	$13,000 (Q4 2025)	High-conviction bullish call

XRP Price Predictions Table

XRP is expected to benefit from regulatory clarity and bullish technical setups, with price targets now ranging from $5 up to $7 or even as high as $48, depending on analyst models.

Source / Analyst	Forecast	Notes
Bitget	$5 (end-2025)	Post-SEC case optimism
CoinGape	$7	Banking license optimism
CoinCentral	$4.89–$48.90	Structural long-term projection
Yahoo Finance (aggregate)	Low: $2.05; Avg: $3.10; High: $5.81	Based on multiple analyst inputs

Dogecoin (DOGE) Price Predictions Table

Dogecoin holds moderate upside expectations, with near-term projections between $0.20–$0.33 and a long-shot structural move toward $1 by late 2025.

Source / Analyst	Forecast	Notes
IndiaTimes (analysts)	$0.199–$0.215 (early Aug); $0.232 (Aug 10); $1 (long-term)	Whale activity and meme-coin sentiment
Yahoo Finance (aggregate)	Low: $0.172; Avg: $0.341; High: $0.731	Based on market-wide analyst data
Bitget	Aug 2025: $0.2443; Jan 2026: $0.2495; 2025 avg: $0.3331	Exchange forecast models
CoinCodex	$0.2115–$0.2840 (Aug range)	Algorithmic model based on historical data

 

 

 

 

 

 

 

 

 

 

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