Bitcoin Blasts to New ATH Above $113K, Leaving $600M in Liquidations
2025-07-10 17:19:17
Main Idea
Bitcoin and several altcoins have seen significant price increases, with BTC breaking past $113,000 and ETH surpassing $2,800, driven by market demand and external factors like Trump's call for interest rate cuts.
Key Points
1. Bitcoin (BTC) broke through the $110,000 barrier, reaching a new peak of over $113,000 after weeks of consolidation between $105,000 and $110,000.
2. Ethereum (ETH) climbed above $2,800, while Dogecoin (DOGE) surged by over 5.5% in the past 24 hours.
3. The price surge followed Trump's call for the Federal Reserve to significantly reduce interest rates, which influenced market sentiment.
4. Liquidations in the market exceeded $80 million in the past hour as BTC and altcoins regained momentum.
5. A mysterious whale suffered a loss of over $51 million during this market movement.
Description
Yesterday’s breakthrough to $112,000 was not a one-time thing, as the primary cryptocurrency has initiated another leg up in the past few hours and tapped a fresh peak at well over $113,000. Many altcoins have produced notable gains over the past 24 hours as well, with ETH climbing above $2,800 and DOGE shooting up by over 5.5%. BTCUSD. Source: TradingView BTC was stuck in a consolidation phase for weeks, with a lower boundary at $105,000 and an upper one at $110,000. However, the asset finally ...
Latest News
- GMX Hacker Converts Stolen Loot into 11,700 ETH2025-07-10 22:23:36
- Bitcoin Price Tops $116,000, Massive Short Squueze Approaches $1 Billion2025-07-10 22:10:53
- Kinto Token Crashes to Record Low Amid Suspected Exploit2025-07-10 20:16:08
- Bitcoin Blasts to New ATH Above $113K, Leaving $600M in Liquidations2025-07-10 17:19:17
- Coinbase Premium Climbs as BTC Hits New All-Time High: What Does It Mean?2025-07-10 17:04:22