Bitcoin Nears $117K Amid Steady Holder Confidence and Moderate Transaction Growth
2025-07-11 19:10:36
Main Idea
Bitcoin's price nears $117K with steady holder confidence and moderate transaction growth, while Ethereum lags with an 11% YTD drop due to cautious market dynamics.
Key Points
1. Bitcoin's price rally to nearly $118,000 is accompanied by a moderate increase in daily transactions, though still below 2023–2024 peak levels.
2. Transaction volumes have declined despite Bitcoin surpassing $90,000, suggesting reduced on-chain activity but strong holder confidence.
3. Ethereum's price stands at $2,994, reflecting a 7% daily increase but an 11% decline year-to-date, highlighting slower recovery compared to Bitcoin.
4. Bitcoin's market valuation is increasingly decoupled from direct base-layer usage, emphasizing its role as a long-term store of value.
5. Ethereum's slower recovery underscores the need for continued innovation and scaling to regain momentum.
Description
Bitcoin’s recent surge to an all-time high of $117,947 underscores robust investor confidence despite a modest increase in transaction volume. While Bitcoin’s price momentum accelerates, network activity remains subdued compared
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