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Cryptocurrency Surge Breaks Records and Sparks Market Fervor

2025-07-10 21:52:34

Main Idea

Cryptocurrencies, particularly Bitcoin and Ethereum, have reached record highs, with Bitcoin hitting $116,868 and Ethereum surpassing $2,850, driven by market dynamics and whale accumulation.

Key Points

1. Bitcoin (BTC) reached an unprecedented high of $116,868, with the next target set at $125,000.

2. Ethereum (ETH) broke past the $2,850 mark and is now aiming for levels between $3,060 and $3,520.

3. A substantial short squeeze has impacted the crypto market, contributing to the surge.

4. Whale wallets have accumulated an additional 800,000 BTC since June.

5. ETH surpassing $3,000 could lead to liquidations exceeding $560 million.

Description

Bitcoin reached a record high of $116,868, marking a significant market shift. Short squeezes are driving significant gains across cryptocurrencies, benefiting altcoins substantially. Continue Reading: Cryptocurrency Surge Breaks Records and Sparks Market Fervor The post Cryptocurrency Surge Breaks Records and Sparks Market Fervor appeared first on COINTURK NEWS .

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