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Bitcoin holds near $118,000 after recent rally; Ethereum, Dogecoin surge up to 6%

Bitcoin holds near $118,000 after recent rally; Ethereum, Dogecoin surge up to 6%

Time of India16-07-2025
Synopsis
Bitcoin stabilized near $118,000, following a recent surge, while Ethereum led altcoin gains, exceeding $3,144. Analysts attribute the pause to profit-taking after Bitcoin's 33% rally. Experts like Srinivas L suggest 'buy-the-dip' strategies, anticipating consolidation above $117,000 and a potential rise to $125,000–$127,000. Sathvik Vishwanath highlights strong ETF inflows and expects Bitcoin to target $130,000–$135,000, with optimistic long-term forecasts.
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