Bitcoin Targets $125K Breakout as Ethereum Hits $4750 Milestone

• Bitcoin consolidates near $120,000, hinting at a potential breakout to $125,000.
• Record ETF inflows and institutional interest fuel Ethereum's surge over $4,700.

On July 21, 2025, Cointelegraph reported that Bitcoin consolidated near $120,500, fueling speculation of a $125,000 breakout as traders and analysts closely observe its ascending triangle pattern. This setup could signal an imminent price surge to $125,000. In addition, institutional inflows into Bitcoin ETFs remain a key driver of positive sentiment, and a Fear & Greed Index reading of 72 indicates strong optimism. The leading cryptocurrency is recovering from a recent dip after reaching an all-time high of $123,197 on July 15, and market participants are dissecting these patterns for potential long-term bullish trends.

Meanwhile, Ethereum has taken center stage by reaching $4,750—its highest price in eight months. On July 21, Reuters attributed this surge to record-breaking institutional investments in U.S. spot Ethereum ETFs. On the same day, Ethereum's price fluctuated between $4,671 and $4,785, signaling bullish momentum that could propel its value toward $5,000 in the coming weeks. Analysts are confident that Ethereum's market activity will catalyze further rallies across the altcoin space, as increased open interest in its derivatives market and a rising market capitalization bolster confidence in the cryptocurrency's outlook.

These developments with Bitcoin and Ethereum highlight growing institutional adoption and overall market optimism. As a result, combined indicators suggest a potential for significant capital inflows, which would bolster long-term bullish projections across the cryptocurrency sector.

According to CoinGecko, as of 16:00 UTC on July 21, Bitcoin (BTC) was trading at $120,750.19, with its 24-hour trading volume reflecting a decrease of 0.583%. In comparison, Ethereum (ETH) was trading at $4,781.65, and its 24-hour volume had increased by 5.659%, indicating heightened market activity.