Tether Announces Quarter 2 Profit of $4.9 Billion, Becoming a Significant Holder of US Treasury
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As of early August 2025, according to reports summarized by Bitnewsbot, the cryptocurrency market is showing strong bullish trends for major coins. Ethereum (ETH) notably experienced a sharp surge, with over $207 million in short positions liquidated within 24 hours, pushing its price above $4,000. Analysts forecast prices as high as $10,000–$16,000 in the longer term, driven by growing institutional interest and substantial spot Ether ETF inflows totaling $537 million over four days[3].
Ripple (XRP) also received attention with XRP undergoing a significant price explosion, indicating a sharp upward move, and analysts discussing new targets. Cardano (ADA) has market watchers identifying next price targets following recent market activity, reflecting ongoing interest and volatility[1].
While specific reports from Bitnewsbot about Solana were not found, the overall trend across major cryptocurrencies suggests a recovery and bullish bias, driven by institutional investment and liquidation events removing significant bearish positions[3][1].
Smaller altcoins, such as peaq (PEAQ), show mixed but generally positive momentum, with PEAQ up around 5.3% in 24 hours, supported by investor interest in its role in the DePIN sector, although it remains more volatile and speculative compared to the large caps[2].
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In conclusion, the current market trend as reported by Bitnewsbot reflects broad optimism and strong upward momentum in key cryptocurrencies such as Ethereum, Ripple, Cardano, and Bitcoin, with varying levels of volatility on smaller altcoins. Stay tuned for more updates as the cryptocurrency market continues to evolve!
Investing in cryptocurrencies like Ethereum, Ripple, and Cardano could potentially yield profits, given the bullish trends reported by Bitnewsbot, with analysts predicting prices as high as $10,000–$16,000 for Ethereum and significant price increases for Ripple and Cardano. Cryptocurrency enthusiasts can stay updated on these developments and more through the website's news section, blog, and social media platforms or by subscribing to their calculator and newsletter.
