Crypto price recap: BTC hits $112k and ETH eyes breakout as PENGU, WIF surge
2025-07-10 12:05:14
Main Idea
Bitcoin and Ethereum reached significant price milestones, with BTC hitting a new all-time high above $112,000 and ETH surpassing $2,800, while altcoins like PENGU and WIF also saw substantial gains.
Key Points
1. Bitcoin (BTC) reached a new all-time high above $112,000, driven by strong U.S. investor demand and increased ETF trading volumes.
2. Ethereum (ETH) surpassed $2,800, with its futures market volume exceeding Bitcoin's, signaling potential rotation and bullish momentum.
3. Pudgy Penguins (PENGU) surged 31%, becoming the top performer among the 100 largest cryptocurrencies by market cap.
4. Dogwifhat (WIF) gained 13%, with buyers targeting the $1 psychological barrier for further upside potential.
5. BNB (BNB) rose to $673, nearing its all-time high, supported by the BNB Foundation's quarterly burn and bullish treasury trends.
Description
The cryptocurrency market exhibited a decent uptrend during the Asian session on July 10, 2025, as investor sentiment improved amid positive news. Bitcoin (BTC) reached a new all-time high above $112,000, while Ethereum (ETH) surpassed the $2,800 mark, catalyzing gains across the altcoin sector. Notable performers included Pudgy Penguins (PENGU), which soared 31%, and Dogwifhat (WIF), up 13%, alongside Stellar (XLM), Ethena (ENA) and Sui (SUI). Trading saw over $500 million in 24-hour liquidatio...
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