Key Takeaways

  • $BTC hits a new all-time high of $118,254, fueled by institutional inflows and macro-optimism.

  • $ETH surpasses $3,000, driven by whale accumulation and ETF momentum.

  • Market sentiment enters “greed” territory, signaling strong bullish momentum across digital assets.

The crypto market is on fire today, continuing its green streak for the third consecutive day. With 99 of the top 100 coins in the green, total market capitalization surged to $3.73 trillion, and trading volume skyrocketed to $231 billion. Bitcoin and Ethereum led the charge, breaking key psychological levels and attracting massive institutional interest. Analysts are calling this a pivotal moment, as digital assets gain traction amid global economic uncertainty and weakening fiat currencies.

Bitcoin’s Breakout: ATH and Institutional Frenzy

BTC surged 5.6% in the last 24 hours, reaching a new all-time high of $118,254. This rally is backed by robust ETF inflows, with $1.18 billion entering U.S. BTC spot ETFs on July 10 alone, the second-highest daily inflow ever. Institutional accumulation is at fever pitch, with companies and sovereign entities treating BTC as a hedge against monetary instability. Analysts note that BTC has maintained price stability above $100,000 for 62 consecutive days, signaling maturity and resilience in volatile markets.

Ethereum’s Momentum: Whale Moves and ETF Surge

ETH also saw a major upswing, crossing the $3,000 mark for the first time in months. It appreciated 6.5%, with whales reportedly accumulating $358 million worth of ETH in just 24 hours. U.S. ETH ETFs recorded $383.1 million in inflows, the highest in six months, highlighting growing institutional confidence. Technical indicators suggest ETH is breaking out of a cup-and-handle pattern, with analysts eyeing the $3,120–$3,180 range as the next target.

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