Bitcoin (BTC) continued its ascent into worth discovery, reaching a brand new all-time excessive of over $113,600 on July 10.
The transfer accomplished a two-day climb from roughly $108,950 late July 8 and eclipsed the earlier July 9 peak of $112,000.
Notably, the latest worth peak prompted over $50 million in liquidations in lower than an hour, in response to Coinglass information.
ETF demand tightens provide
Spot Bitcoin exchange-traded funds (ETFs) registered $218 million in internet creations on July 9, the fifth straight constructive session and sufficient to push cumulative inflows above $50 billion.
BlackRock’s IBIT led allocations, whereas secondary buying and selling quantity broadened throughout smaller issuers, in response to SoSoValue and Farside Traders information.
Moreover, macro circumstances added to the bid. The greenback index slipped for a 3rd consecutive session after Federal Reserve minutes signaled assist for charge cuts “later this yr,” and markets assessed the potential inflationary results of recent US tariff threats.
Jag Kooner, head of derivatives at Bitfinex, argued that tariff-driven worth pressures “may in the end profit bitcoin in the event that they weaken the greenback and elevate real-asset hedges,” whereas the structural ETF bid cushions risk-off shocks.
Leverage reset unlocks upside
Bitcoin futures on CME and Binance traded at annualized premiums of 9% to 11%, contained in the impartial zone for this cycle and much beneath the 35% extremes seen throughout March’s run-up, suggesting subdued directional bets.
Technical markers now place first assist close to $107,000, the 50-day shifting common, and the previous June vary high.
On the similar time, the overhead resistance is round $112,800 to $113,000, the place promote orders clustered through the in a single day excessive.
Transaction information point out that short-term holders realized modest positive factors through the rally. Bitcoin’s July 10 excessive and a July 9 closing print above $111,000 left the MVRV Z-Rating close to 2.4.
This stage is properly beneath the euphoria threshold of seven utilized in previous cycles.
Bitcoin Market Knowledge
On the time of press 6:35 pm UTC on Jul. 10, 2025, Bitcoin is ranked #1 by market cap and the worth is up 4.07% over the previous 24 hours. Bitcoin has a market capitalization of $2.26 trillion with a 24-hour buying and selling quantity of $66.11 billion. Study extra about Bitcoin ›
Crypto Market Abstract
On the time of press 6:35 pm UTC on Jul. 10, 2025, the full crypto market is valued at at $3.53 trillion with a 24-hour quantity of $154.16 billion. Bitcoin dominance is presently at 64.00%. Study extra concerning the crypto market ›
Bitcoin Market Knowledge
On the time of press 6:35 pm UTC on Jul. 10, 2025, Bitcoin is ranked #1 by market cap and the worth is up 4.07% over the previous 24 hours. Bitcoin has a market capitalization of $2.26 trillion with a 24-hour buying and selling quantity of $66.11 billion. Study extra about Bitcoin ›
Crypto Market Abstract
On the time of press 6:35 pm UTC on Jul. 10, 2025, the full crypto market is valued at at $3.53 trillion with a 24-hour quantity of $154.16 billion. Bitcoin dominance is presently at 64.00%. Study extra concerning the crypto market ›