TechFlow news, July 21 — According to The Block, research analysts say sustained institutional demand is keeping Bitcoin near its all-time highs, currently trading around $118,500. Ethereum has surged strongly to $3,761, boosted by an increasing number of companies adding ETH to their treasury reserves and record inflows into ETFs.
Min Jung, analyst at Presto Research, pointed out that although Bitcoin's dominance has declined to 61%, the current bull market is primarily driven by institutions, and it remains uncertain whether this strength can extend beyond large "dinosaur coins" into the broader altcoin market.
Nick Ruck, head of LVRG Research, added that the current bull cycle is attributed to corporations adding Ethereum and a select number of major altcoins to their treasuries, as well as traditional financial firms increasingly integrating DeFi through RWA tokens and stablecoins.
