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 the early European session. The wider altcoin market- led by Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE) – rallied in tandem. As a result, the total crypto market cap surged to $3.53 trillion, with the daily average trading volume having gained 40% to hover around $140 billion according to market data from Binance-backed Coinmarketcap. The sudden crypto pump in the past 24-hours resulted in more than $529 million liquidated from over 114,508 traders, with the shorts accounting for around $466 million. The move also pushed Bitcoin’s market capitalization above that of the tech giant Alphabet (Google). Major Reasons Why BTC and Altcoins Pumped Today … The post Markets Turn Green as $BTC, $ETH, $SOL, and $XRP Pump — Is This Just the Beginning? appeared first on Coin Edition .
