Here is a summary of today's crypto news – Friday, July 11, 2025:
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🟢 1. Bull Run: Bitcoin & Altcoins Surge
Bitcoin breaks through US$118,000 for the first time, up ±5–6% in the last 24 hours.
This surge is driven by institutional equities, inflows into ETFs, and a weakening dollar.
Massive short squeeze: over US$1 billion in short positions liquidated, including thousands of electronic traders.
Altcoins also soared: Ethereum (+7–8%), XRP (+6–7%), Solana, Dogecoin, Cardano each rose 4–11%.
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🚀 2. Why is crypto up today?
Macroeconomic conditions: traditional markets are shaky, US debt is high, the dollar is weakening → capital flows into crypto assets, especially strong assets like Bitcoin.
Analysts project Bitcoin could reach US$130,000, especially if it breaks consolidation above US$112,000.
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🐶 3. Dogecoin jumps ~9.8%
DOGE price rose from US$0.18 → US$0.198 (IDR ~3,192) in 24 hours.
Entering a critical demand zone (~US$0.17). The next resistance pressure is around US$0.224.
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🪙 4. Hyperlane (HYPER) up >150%
Listing on Upbit exchange (South Korea) triggered a price surge of HYPER +150% since July 10.
Although currently in a short-term correction, the long-term bullish structure remains intact.
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📈 5. BNB & BNB Treasury ready for IPO in the US
Binance (CZ) through YZi Labs plans to form BNB Treasury Company with the goal of an IPO on the US exchange.
This could open direct institutional access to the BNB ecosystem.
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🔮 6. The Next Phase of Crypto in H2 2025
Bitcoin becomes a backup asset for corporations: there are already about 135 public companies including BTC in their balance sheets.
Spot ETFs and crypto IPOs (Circle, Galaxy, eToro) are the main catalysts.
Other tokens & altcoins are expected to continue growing based on their unique use cases.
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📊 7. Top 5 Lowest Performing Stablecoins
Stablecoins like USDe, FDUSD, PYUSD, USD1, and USDT recorded slight declines (–0.4% to –0.7%) in a movement referred to as “slight pullback”.
