Bitcoin Hits New High Near $119K Amid Heavy Regulations
Bitcoin surged to nearly $119,000 on July 11, setting new highs despite global regulatory pressures.
Altcoins rallied too—Ethereum reclaimed over $3,000, and ADA soared 16% in a day.
Over the past week, strong gainers include ETH, XRP, DOGE, ADA, HYPE, SUI, and XLM.
HYPE is a trending new project.
XLM gained momentum after PayPal’s PYUSD launched on its network and its NFT focus.
In memecoins, DOGE (+19%), PENGU (+31%), and Fartcoin (+15%) led the rally.
The Bitcoin surge is mainly driven by ETF inflows and whale activity.
Many short sellers betting against Bitcoin were liquidated amid the unexpected rally.
