Bitcoin
In the U.S., within a few hours on Wednesday afternoon, it stood out within the recently very tight trading range, threatening to overturn its $112,000 in May.
The largest cryptocurrency briefly earned a record price on certain exchanges including Binance, Coinbase and Bitstamp, before returning $111,000.
The move was conducted in a wider crypto ensemble, and Ethereum’s Ethereum also saw Ethereum’s Ethereum
The surge of 6% to $2,760 was the highest in a month. At press time, Bitcoin itself was 2.4%, at $111,400.
During today’s rapid movement, about $440 million of all crypto derivatives have been liquidated, mainly expected shorts
For BTC, the $110,000 level area is a Major obstacles Over the past few weeks, investors have taken up profits and shorts every time the price approaches that level.
Check for crypto-related stocks, strategies (MSTR) The higher 4.4%, $414 is just a few dollars less than its 2025 highest (Although still well below its record high of $543 at the end of last year.. Common cases (coin) Leading 5%. Bitcoin Miner Mala Holdings (Mara) and riot platform (riot) Increased by about 6%.
Still, market observers point out that slow and quiet accumulation may be a bullish setting.
“Cryptocurrencies feel so quiet and Bitcoin is ready to move,” Bytetree chief investment officer Charlie Morris wrote in a note.
Morris noted that Bitcoin’s volatility has steadily declined, a pattern historically before large upward movements.
“The next setup looks good,” he said. “As I keep saying, the quiet bull is the best.”
Joel Kruger, market strategist at LMAX Group, noted that Ether’s strength is higher than the critical technical support level and has been long-standing institutional betting on its future role in settlement infrastructure and asset tokenization.
Analysts at Digital Asset Manager Bitwise echoed this view, he called ETH one of the “cleanest” token dramas to bet on the hot token trend, i.e. the block Report.
renew (UTC July 9, 8:30 pm): Added more details throughout the story.
