CyberGhost VPN’s NFT collection of 6,000 NFTs quickly sold out in less than four hours on July 7, 2025, raising $2.5 million. This development comes at a time when the crypto market is witnessing an unprecedented boom. As of mid-July 2025, Bitcoin has climbed to $103,839 and Ethereum to $2,530. Together, the successful NFT sale and increasing marketplace volumes are clear signs that the digital asset space is experiencing a new resurgence of interest.

NFT marketplace volumes are up around 15% month-over-month from early June to early July, showing renewed enthusiasm from buyers of digital collectibles. Bitcoin’s price now has support at $101,000 and resistance at $108,000.

Jake Harper, a chart analyst who’s been featured CNBC, agrees Bitcoin will snap above that $108,000 resistance line. If that does play out, he forecasts a quick move to $120,000 in under three months.

Bitcoin’s current setup reminds me of late 2020 before the big run to $69,000. If we see volume confirm a break above $108,000, the path to $120,000 is wide open. - Jake Harper, a chart analyst featured on CNBC.

On the flip side, if macroeconomic conditions do take a turn for the worse, Bitcoin may well correct to the $95,000-$100,000 range within 30 days. Ethereum, too, has important levels to monitor, with support technically at $2,400 and resistance at $2,700. Like Bitcoin, Ethereum may drop to the range of $2,200-$2,400 in 30 days with a negative macroeconomic scenario.

Sarah Thompson, Senior Analyst at Crypto Capital Advisors, views the CyberGhost NFT sell-out as a positive indicator for the broader crypto market.

The CyberGhost NFT sell-out is a positive sign, suggesting renewed interest in the NFT space and potentially a broader crypto market recovery. - Sarah Thompson, Senior Analyst at Crypto Capital Advisors.

In this likely bullish scenario for Bitcoin—and I give it a 60% probability—we could see Bitcoin climbing back to the $115,000-$120,000 range in 90 days. Bearish scenario With a likelihood of 40% Bitcoin has a potential to fall to $95,000-$100,000 in 30 days.

The performance of Bitcoin and Ethereum is reminiscent of the 2021 bull run, when Bitcoin approached Ethereum's all-time high, hitting $69,000. For example, Ethereum soared from about $1,200 to over $4,800 by November 2021 on the back of NFT speculation.

For Bitcoin to continue reaching above $120,000 by year-end, sustained institutional inflows will be key. Further, bullish on-chain indicators will continue to drive ETH above $3,000. Indeed, macroeconomic factors may rein in any long-lasting boom, says market strategist Mark Daniels at GlobalCoin Research.

While the CyberGhost event is exciting, macroeconomic headwinds like inflation and potential rate hikes could cap any sustained rally. - Mark Daniels, a market strategist at GlobalCoin Research.

The crypto market's overall sentiment and institutional inflows will ultimately drive Bitcoin's price action.