Firms Highlight ‘Prime’ Breakout Potential While Ether and Dogecoin Lead Crypto Gains

Ether and Dogecoin Take the Lead as Crypto Rally Gains Steam Amid Political Developments

The crypto market continued its upward march on Thursday, fueled by strong gains in Ether and Dogecoin, as traders kept an eye on emerging political signals and a still-muted retail presence.

Bitcoin (BTC) held steady just below its record high near $112,000, while Ether (ETH) surged over 7%, breaking above $2,780. Dogecoin (DOGE) wasn’t far behind, rising 6%, with Solana (SOL) and XRP also climbing higher.

These gains pushed the CoinDesk 20 index up more than 2%, signaling robust momentum across the broader crypto landscape.

Analytics firm Santiment noted that smaller retail wallets remain largely inactive, a pattern that historically precedes significant moves in the market.

“History has shown that this is a prime sign of a potential breakout, as crypto markets typically move the opposite direction of the crowd’s expectations,” Santiment shared on X.
“When retail shows FUD—fear, uncertainty, and doubt—it’s often the perfect moment for smart money to accumulate. This time is proving no different.”

Crypto’s resilience stood out even amid geopolitical turbulence. U.S. stock markets were relatively calm despite President Donald Trump proposing fresh tariffs, including a 50% duty on copper imports and steeper levies on Brazilian products, which weighed on Brazil’s equities.

U.S. equity-index futures slipped 0.1%, while global tech stocks maintained their rally. Nvidia briefly touched a historic $4 trillion market capitalization, underscoring persistent enthusiasm for technology shares. Meanwhile, U.S. Treasury yields edged lower, hinting at continued expectations for a supportive policy environment despite political uncertainty.

“Crypto prices surged to new all-time highs on the back of a supportive risk and equity backdrop,” noted Augustine Fan, Head of Insights at SignalPlus.
“BTC pushed above $112K after the U.S. House Committee announced next week as ‘Crypto Week,’ including a July 16 hearing titled Making America the Crypto Capital of the World. Traders are looking for tangible progress after months of political posturing.”

Fan added that market participants remain focused on the six-month deadline for regulatory recommendations set by President Trump in January. Next week’s hearing may bring crucial clarity—or at least fresh momentum—toward crafting a long-awaited federal framework for crypto.