BTC continues climb above $116K, XRP surges over 6% as bulls target $3
2025-07-11 04:53:42
Main Idea
Bitcoin (BTC) continues its bullish run, trading above $116,000, while Ripple (XRP) surges over 6%, with analysts targeting $3 as the next key level.
Key Points
1. Bitcoin (BTC) extended its bullish run, trading above $116,000 after setting a new all-time high.
2. US spot Ethereum ETFs recorded net inflows of $383 million on Thursday.
3. Ripple (XRP) surged over 6%, reaching highs of around $2.59, with analysts eyeing $3 as the next target.
4. The overall crypto market was up around 5%, trading at $3.64 trillion, with Bitcoin's dominance at 64%.
5. More than $1.14 billion in leveraged positions were liquidated over the past 24 hours, with Bitcoin accounting for over half of the liquidations.
Description
Bitcoin (BTC) extended its bullish run on Friday, trading above $116,000 after setting a new all-time high the previous day. Bitcoin’s consolidation around the upper boundary of its previously broken range at $108,355 ended on Wednesday, paving the way for a sharp move higher. The rally was mirrored by Ethereum (ETH) and Ripple (XRP), both of which broke through key resistance levels, reinforcing the broader strength across the top cryptocurrencies. At the time of writing, both major cryptocurre...
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