Bitcoin, Ethereum, Ripple Have 'Big Money' Moment As Expert Sees 'Incremental Institutional Buyers' Driving Current Rally
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2025
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Source: Benzinga
Institutional Influence on Cryptocurrency Prices: The recent rally in cryptocurrencies like Bitcoin and Ethereum is primarily driven by institutional investors rather than retail demand, as indicated by low mobile wallet usage and stablecoin volumes.
Performance of Crypto ETFs: Despite a strong start to the third quarter for blue-chip cryptocurrencies, retail investor interest appears to be shifting towards crypto-linked ETFs, which have shown positive performance metrics.
Analyst Views on SPY
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 685.400
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Current: 685.400
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
