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Crypto wrap: Bitcoin eyes $120k, buoys ETH, XRP, Sei and XLM

2025-07-11 19:00:07

Crypto wrap: Bitcoin eyes $120k, buoys ETH, XRP, Sei and XLM

Main Idea

Bitcoin reached a record high of $118,900, driven by institutional demand and ETF inflows, while Ethereum, XRP, Sei, and Stellar also saw significant gains amid rising market activity.

Key Points

1. Bitcoin (BTC) hit $118,900, with analysts predicting a potential rise to $120,000 due to strong institutional inflows and favorable macroeconomic conditions.

2. Ethereum (ETH) surpassed $3,000, supported by institutional interest, including a $25.7M purchase from the Ethereum Foundation.

3. XRP surged 12% to $2.8, with trading volume spiking 184% as buyers targeted the $3 level.

4. Sei (SEI) rallied 22% following Circle's integration of USDC and Cross-Chain Transfer Protocol (CCTP) V2 into its ecosystem.

5. Stellar (XLM) rose 22% in 24 hours, with weekly gains exceeding 54%, though it faces resistance around $0.50-$0.56.

6. The global crypto market cap reached $3.67 trillion, with daily trading volume spiking 80% to over $267 billion.

7. Total crypto liquidations exceeded $1.33 billion, with over $1.1 billion in short positions liquidated during the rally.

Description

Cryptocurrencies are largely in a buzz today, with crypto investor excitement building up after Bitcoin (BTC) soared to a record-breaking high above $118,000 on Friday. The gains fueled optimism for a prolonged market rally, with top altcoins such as Ethereum and XRP breaking to key levels . Sei and Stellar are also some of the coins to surge as the upward momentum pushed the global crypto market capitalization up to $3.67 trillion. Meanwhile, global daily volume spiked 80% to over $267 billion....

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Tags:
Altcoins Crypto Bitcoin Ethereum Stellar XRP
$OP
$0.6519
+0.29%
$USDC
$0.9991
+0.00%
$XRP
$2.7199
+7.63%
$XLM
$0.35552
+18.77%
$SOL
$162.85
-0.09%
$ETH
$2953.45
+0.60%
$IP
$4.484
+31.84%
$SEI
$0.3331
+6.52%
$BTC
$117497.2
+1.68%

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