Bitcoin Surges Past $120,000; MARA Holdings Plans $850M Raise for Bitcoin Purchases
Key Takeaways
- Bitcoin surpassed $120,000 on July 22, 2025, influenced by a weakening U.S. dollar.
- MARA Holdings plans to raise up to $1.85B to purchase more Bitcoin.
- Arthur Hayes predicts Bitcoin at $250,000 by year-end, Glassnode doubts $200,000.
- Bitcoin's open interest in futures and options hits a record $84.83 billion.
- Bitcoin price targets $117,500 support zone, potential drop to $113,000.
Top Stories
Bitcoin surged past $120,000, analysis by Bitbank.
On July 22, 2025, Bitcoin surpassed $120,000, influenced by a weakening U.S. dollar and closing at 17,613,872 yen, according to Tomoya Hasegawa of Bitbank.
MARA Holdings plans $850M raise for Bitcoin purchases.
MARA Holdings plans to raise $850 million through a private sale and up to $1 billion through a convertible note offering to buy more Bitcoin. The company currently holds approximately 50,000 BTC.
Arthur Hayes predicts Bitcoin at $250,000 by year-end.
Arthur Hayes forecasts Bitcoin reaching $250,000 by the end of 2025, driven by institutional adoption and economic factors. Hayes' fund, Maelstrom, is fully invested in Ethereum, DeFi, and ERC-20 coins.
Analyst: Bitcoin at $200,000 by end of 2025 is improbable.
James Check of Glassnode believes Bitcoin reaching $200,000 by the end of 2025 is improbable due to insufficient trading volume. He anticipates Bitcoin exceeding $200,000 by 2030.
Bitcoin open interest in futures and options hits record.
Bitcoin's open interest in futures and options markets is at record levels, with total futures OI reaching $84.83 billion. Traders heavily favor call contracts, particularly those with strike prices of $120,000 to $140,000.
Bitcoin price targets $117,500 support zone.
Bitcoin's price is focused on the $117,500 support zone, with a potential drop to $113,000. Over $500 million in crypto liquidations occurred in the last 24 hours.
Breaking News
Jim Cramer buys Bitcoin, citing US debt concerns.
Jim Cramer stated he is buying Bitcoin due to concerns about the $37 trillion US deficit. He views Bitcoin as a hedge against the growing national debt and wants to own it for his children.
Expert Take
Bitcoin may drop to $70,000 this year, expert warns.
Przemysław Kral predicts Bitcoin could fluctuate between $70,000 and $160,000 this year. This is influenced by adoption levels in the second half of 2025.
Scaramucci: Bitcoin shifting to digital gold.
Anthony Scaramucci discusses Bitcoin's evolution to digital gold, highlighting institutional adoption to address inflation and geopolitical instability. He predicts Bitcoin's market cap could match Gold's $23 trillion if classified as an asset class.
Future Outlook
AI models predict Bitcoin's dominance in 200 years.
Eleven AI models predict Bitcoin will dominate the future of money in 200 years due to its fixed supply and decentralized design. The models were asked what the most likely money to be used in 200 years would be.
Market Pulse
Solana leads CoinDesk 20 Index, Bitcoin also up.
On July 22, 2025, Solana (SOL) rose 3.6%, leading the CoinDesk 20 Index higher, with Bitcoin (BTC) also performing well, rising 1.9%.
Price Watch
Bitcoin and Ethereum prices soar, analysis by The Motley Fool.
The Motley Fool analyzes Bitcoin and Ethereum as their prices rise, with Bitcoin trading at $119,008.01 and Ethereum at $3,693.7. Factors supporting the crypto bull run include central bank interest rate cuts, institutional demand, and regulatory clarity.
Bitcoin analysts predict price surpassing $123,000.
Bitcoin analysts predict the BTC price will surpass $123,000. Various on-chain metrics indicate a solid market structure and room for further growth.
Bitcoin price analysis: bullish potential.
Bitcoin price analysis highlights a pivot line at $115,672.23 and a $123,000 target, with both stories focusing on key price levels and bullish continuation patterns.
Bitcoin price at R$ 662,695.85, market in consolidation.
Bitcoin is priced at R$ 662,695.85, with the market in a consolidation phase, awaiting developments in US economic policy. Bitcoin's value has increased by 98.1% in the last 12 months.
Bitcoin reverses up from key support level.
Bitcoin reversed up from the key support level 116065.00, with the expectation of rising further to the next resistance level 122775.00.
Bitcoin: descending triangle pattern, potential breakdown.
Analysis of the BTCUSDT chart suggests a potential breakdown, with a downside target between $106,100 and $101,700. The analysis is invalidated if the price breaks above $119,876.
Bitcoin forms bullish falling wedge pattern.
Bitcoin formed a bullish falling wedge pattern on the daily time frame, with a target around $128,000, according to TradingView user eliotsl.
Bitcoin consolidating within a range, buyer activity.
Bitcoin is consolidating within a range, with buyer activity appearing. A price drop below the current level could lead to stop-loss hunting and a liquidity grab near $115,000.
Bitcoin analysis: critical decision point near $120,400.
BTCUSD analysis indicates a critical decision point near $120,400, with the price moving towards the QFL level and Central Zone (~$117,300 - ~$118,200). Potential scenarios include a bounce or a breakdown.
Tech Edge
Bitcoin daily Heiken Ashi chart analysis.
The Bitcoin daily Heiken Ashi chart shows a tight range with possible support on the Volume Profile Visible Range (VPVR). The daily MACD is turning bearish, but the ADX indicates caution is required.
Bitcoin price analysis using technical indicators.
Bitcoin price analysis uses technical indicators to forecast price levels, highlighting support zones, targets, and stop levels. Bitcoin's closing price was 118,000.