#CryptoMarket On July 11, 2025, the crypto market is experiencing a significant bullish surge. The total market capitalization has climbed 5.24% in the past 24 hours to $3.65 trillion, with trading volumes soaring 47.14% to $208.23 billion, indicating strong market participation. The Fear & Greed Index is at a neutral 67, but momentum is clearly favoring bulls.
Key Highlights:
Bitcoin (BTC): $BTC has surged to a new all-time high of $118,339.82, up 6.11% in the last 24 hours, driven by $1.17 billion in net inflows to Bitcoin ETFs on July 10 and $570 million in short liquidations. It’s trading above $116,500, with technical analysis suggesting a potential test of $121,000–$122,500 if the trend continues. Support is at $114,800.
Ethereum (ETH): $ETH is trading around $3,000, up 7%, continuing its positive momentum. US ETH ETFs saw inflows of $211.32 million, the second-highest in over five months. A strong accumulation zone around $2,533 has supported its recent bounce.
XRP: $XRP is up 6.55%, trading at $2.58, with optimism fueled by potential resolution in the Ripple vs. SEC case. Trading volume surged to $6.83 billion, and technical indicators suggest a bullish flag breakout, with targets at $2.75–$2.80 and support at $2.45.
Market Drivers: Record ETF inflows, aggressive short liquidations, and whale accumulation in ETH are key catalysts. The upcoming “Crypto Week” in the U.S. Congress on July 14 could provide further regulatory clarity, boosting sentiment.
Other Notable Coins: Most top 100 coins by market cap are appreciating, with altcoins like VIC, ALPINE, and CHESS leading gains. The market is showing resilience despite recent volatility.
Sentiment and Outlook: The market is in a strong bullish phase, supported by institutional inflows and positive regulatory developments. However, analysts caution that periodic dips may occur, with Bitcoin’s next resistance at $121,000 and Ethereum facing technical resistance around $3,000. Investors are advised to monitor macro factors like potential U.S. Federal Reserve rate cuts and global trade policies.
