#Cryptorally
โคโค๐๐๐ค๐ค๐ฏ๐ฏ๐คฉ๐๐๐๐คฉ
๐พ๐ง๐ฎ๐ฅ๐ฉ๐ค ๐๐๐ง๐ ๐๐ฉ ๐๐๐ก๐ก๐ฎ: ๐ฝ๐๐ฉ๐๐ค๐๐ฃ ๐๐ง๐๐ฃ๐ฉ๐จ ๐๐๐ฌ ๐ผ๐๐; ๐พ๐๐ผ๐๐๐๐ ๐ผ๐พ๐, ๐๐๐ ๐๐๐ฉ๐ ๐พ๐ช๐ฉ๐จ ๐๐ฃ ๐๐ค๐๐ช๐จ
The crypto market has seen a significant surge today, with Bitcoin (BTC) reaching a new all-time high of $11,925 and outperforming Alphabet, Googleโs parent company. This rally comes ahead of the anticipated passage of the CLARITY Act on July 14, a crucial development for the industry. Additionally, President Trumpโs push for a 300 basis point (bps) Fed rate cut could further fuel market liquidity. Altcoins are also thriving, with Ethereum (ETH) up 7%, XRP rising 5%, Solana (SOL) gaining 4%, and more.
Led by Bitcoin, the entire cryptocurrency market is seeing over 3% upside in the last 24 hours, with Bitcoin (BTC) entering a price discovery zone, hitting a fresh all-time high. With its market cap soaring to $2.2 trillion, BTC has officially overtaken Wall Street giant Alphabet Inc. ($2.120 Trillion). After a successful post-breakout retest at ~$104400, market analyst Rekt Capital stated that the Bitcoin โdowntrend is official over,โ which sets the next immediate target at $120K and beyond.
As per the Coinglass data, the 24-hour liquidations have soared to $529 million, of which a massive $465 million is in short liquidations. Furthermore, the daily trading volume for Bitcoin is up by 45% to more than $60 billion, while the BTC futures open interest is up 7.4%, moving to $79 billion, highlighting strong bullish sentiment among traders.
Similarly, the XRP price has touched a 7-week high, surging past the crucial resistance of $2.41. Solana (SOL), Dogecoin (DOGE), Cardano (ADA), etc. have gained 5% each, with daily trading volume surging 60-100% for each, hinting at strong bullish sentiment. Interestingly, the altcoin season index has the set up for a perfect bounce back with the potential for a strong altcoin rally ahead
