Bitcoin Hits New ATH, Altcoins Rocket, Trump’s Latest Tariffs: Your Weekly Crypto Recap
2025-07-11 14:17:05
Main Idea
Bitcoin broke out of consolidation to reach a new all-time high, with significant gains across various cryptocurrencies and notable developments in the crypto market.
Key Points
1. Bitcoin surged to a new all-time high of nearly $119,000, breaking out of a tight range between $105,000 and $110,000, with an 8% weekly increase.
2. Ethereum, XRP, DOGE, ADA, SUI, LINK, XLM, and HBAR saw substantial gains, with some reaching double-digit increases and new all-time highs.
3. Ripple partnered with BNY Mellon to custody its stablecoin RLUSD, which reached a market cap of $500 million.
4. BlackRock's Ethereum ETF recorded a $300 million inflow day, coinciding with ETH's price jump to over $3,000.
5. BNB Chain completed its 32nd quarterly burn, with over $1 billion worth of BNB burned, potentially fueling a rally.
Description
It was a historic week for the cryptocurrency market and its leader, which finally broke out of consolidation and skyrocketed to a new all-time high. There were very few actual signs of what was about to happen in the past few weeks. Recall that BTC had dumped below $100,000 during the Israel-Iran conflict, and even though it quickly bounced to a six-digit price territory, it remained in a tight range between $105,000 and $110,000. These boundaries managed to confine the asset for a couple of we...
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