Markets Turn Green as $BTC, $ETH, $SOL, and $XRP Pump — Is This Just the Beginning?
Main Idea
Cryptocurrency markets, led by Bitcoin, Ethereum, and other altcoins, experienced significant price surges, with Bitcoin reaching a new all-time high, driven by institutional investments and positive market sentiment.
Key Points
1. Bitcoin (BTC) price rallied 2.5% in the past 24 hours, reaching a new all-time high of slightly above $112k before retracing to $111,112.
2. The total crypto market cap surged to $3.53 trillion, with over $529 million liquidated from more than 114,508 traders, predominantly shorts.
3. Corporate investors purchased 159,107 BTCs during Q2 2025, now holding around 847k coins, and U.S. spot Bitcoin ETFs recorded over $13 billion in inflows since April 2025.
4. Ethereum and other altcoins followed Bitcoin's bullish trend, with whales purchasing over $120 million worth of Ether in the past 24 hours.
5. The approval of the One Big Beautiful Bill Act and weakening U.S. dollar contributed to bullish sentiment in the crypto market.
Description
Bitcoin price rallied to a new all-time high of $112k, triggering a wider altcoin pump today. On-chain data suggests the bullish outlook was bolstered by rising demand from whales amid waning retail speculation. Technical analysis suggests the crypto market is not yet out of the woods but the bulls have the upper hand. Bitcoin (BTC) price rallied 2.5% in the past 24 hours to reach a new all-time high of slightly above $112k, before retracing to trade about $111,112 on Thursday, July 10, during t...
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