On Thursday (July 10), Bitcoin broke its historical high, signaling that the altcoin season is about to explode?
Bitcoin has strongly broken through previous highs, officially entering the 'price discovery' phase, with a key focus on the $130,000 level in the short term. Ethereum is also not lagging, smoothly breaking through the strong resistance area of $2,880, surging close to $3,000 within the day, and is expected to challenge $3,500 subsequently.
As mainstream coins rise strongly, the market is entering an accelerated phase of sector rotation. Various altcoins are starting to rally, with funds spilling over from BTC and ETH into second and third-tier coins, indicating that a new round of the 'altcoin season' is brewing.
It can be anticipated that from July onwards, altcoins will successively break through key resistance levels, initiating the third phase of rotation within the bull market cycle. The altcoin index is expected to reach historical highs, with July to August becoming the busiest and most daring window for 'altcoin traders'.
Funds are fully entering the market, mainstream coins are stabilizing at high levels, and on-chain sentiment is gradually warming up; all signals point in one direction: the true mid-stage of the bull market has officially begun.
Here are the latest market trends and dynamic analysis of major crypto assets:
1. Bitcoin (BTC)
Bitcoin's current price is $116,526.30, up 4.21% in the past 24 hours, and up 5.79% in the last 7 days. The 24-hour trading volume reached $101.17 billion, with a circulating supply of 19.89 million BTC, and a current market cap of $2.31 trillion.
2. Ethereum (ETH)
Ethereum's current price is $2,972.72, up 6.21% in the last 24 hours, with a 7-day increase of 13.71%. The 24-hour trading volume is $35.8 billion, with a circulating supply of 120.71 million ETH, and a total market cap of $357.94 billion.
3. Solana (SOL)
Solana's current price is $164.79, up 4.64% in the past 24 hours, and up 7.65% in the last 7 days. The 24-hour trading volume reached $5.91 billion, with a circulating volume of 535.9 million SOL, and a total market cap of $88.26 billion.
4. Ripple (XRP)
XRP's current price is $2.5764, up 5.30% in the last 24 hours, with a 7-day increase of 12.38%. The 24-hour trading volume reached $6.51 billion, with a circulating supply of 59.06 billion XRP, and a total market cap of $152.68 billion.
Today's cryptocurrency market:
Total cryptocurrency market cap: $3.63 trillion (▲4.81%)
Total 24-hour trading volume: $203.69 billion (▲46.06%)
Today's rally combines institutional fund inflows, Ethereum's technical upgrades, and a surge in derivative-driven liquidity. Although technical indicators show overbought signals (7-day RSI: 92), the alignment with the stock market and strategic narratives like the U.S. cryptocurrency reserve proposal suggest it has potential for sustained growth. If BTC's dominance remains around 64%, can ETH maintain its upward momentum? Keep an eye on tonight's U.S. CPI data for macro clues.
Performance of other mainstream cryptocurrencies
1. Binance Coin (BNB)
Price: US$690.27, 24-hour gain: 2.85%
2. USD Coin (USDC)
Price: US$0.9998, 24-hour gain: -0.03%
3. TRON (TRX)
Price: US$0.2948, 24-hour gain: 9.75%
4. Dogecoin (DOGE)
Price: US$0.1986, 24-hour gain: 9.75%
5. Pepe (PEPE)
Price: US$0.00001268, 24-hour gain: 15.10%
6. Cardano (ADA)
Price: US$0.6868, 24-hour gain: 10.27%
7. Shiba Inu (SHIB)
Price: US$0.00001350, 24-hour gain: 8.30%
8. Hyperliquid (HYPE)
Price: US$44.04, 24-hour gain: 5.76%
9. Wrapped stETH (WSTETH)
Price: US$3,142.85, 24-hour gain: 3.0%
10. Sui (SUI)
Price: US$3.48, 24-hour gain: 11.60%
11. Bitcoin Cash (BCH)
Price: US$520.23, 24-hour gain: 1.40%
12. Chainlink (LINK)
Price: US$15.34, 24-hour gain: 6.88%
13. LEO Token (LEO)
Price: US$9.05, 24-hour gain: 0.68%
14. Stellar (XLM)
Price: US$0.3053, 24-hour gain: 4.55%
15. Avalanche (AVAX)
Price: US$20.80, 24-hour gain: 4.55%
