#BTCBreaksATH Cryptocurrencies, including XRP, are rising today, July 10, 2025, due to several key factors reflected in market sentiment and recent events:
Historical record for Bitcoin: Posts on X indicate that Bitcoin reached a new all-time high, surpassing $112,500 and reaching up to $115,000. This bullish momentum, driven by a 38% increase in trading volume over 24 hours, is dragging up other cryptocurrencies like XRP, which tends to correlate with Bitcoin's movements.
Optimism for pro-crypto policies: The market is reacting positively to statements attributed to U.S. President Donald Trump, who celebrated the rise of cryptocurrencies and highlighted his pro-crypto stance. His tariff policy and a more favorable regulatory environment are perceived to be driving interest in risk assets like cryptocurrencies.
Institutional and speculative interest: The increase in trading volume and the participation of institutional investors, along with the stock market record of companies like Nvidia (which surpassed $4 trillion in market capitalization), are fueling a positive risk sentiment. This benefits both major cryptocurrencies and smaller-cap coins, including meme coins.