Altcoin Rally Begins as ADA, XRP Surge After BTC’s ATH
2025-07-11 16:45:30
Main Idea
Bitcoin reached a new all-time high (ATH) at $118k, triggering a rally in altcoins like ADA and XRP, with institutional inflows and retail FOMO contributing to the surge.
Key Points
1. Bitcoin's ATH at $118k is driven by institutional inflows (e.g., spot Bitcoin ETFs) and retail FOMO, with futures open interest hitting $84.79 billion.
2. The Crypto Fear and Greed Index stands at 71, indicating high investor euphoria, though below 'Extreme Greed' levels.
3. Altcoin Season Index is low at 29, showing Bitcoin outperforming most altcoins, but some (e.g., ADA, HBAR, XLM) saw double-digit gains.
4. Cardano (ADA) surged nearly 20% in 24 hours, while Hedera (HBAR), Stellar (XLM), and others gained over 10%.
5. Other notable gainers include SHIB (8.85%), AVAX (8.5%), and ETH (7.5%), with all top 20 altcoins by market cap showing positive weekly and daily performance.
Description
After Bitcoin hit a new all-time high, a capital rotation into major altcoins like ADA and XRP has begun Cardano (ADA) is leading the charge, surging nearly 20% in the last 24 hours amid the market shift The move is seen by analysts as the potential start of a new “altseason” for the crypto market Bitcoin reached a new all-time high (ATH) today (multiple times), and is now sitting at around $118k. The most well-known cryptocurrency has experienced a constant boost in the last few days, with a ro...
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