The crypto market showcases a confident rise, with Bitcoin reaching a new record of $118,397. This creates optimistic market sentiments, with altcoins also rising.
Bitcoin Sets New Record
On July 10, 2025, Bitcoin hit a new record, rising to $118,397. This event caught analysts' attention, and many see it as a signal for 'risk-on' investments, potentially leading to increased capital flows into altcoins.
Altcoins Show Strong Performance
Within 24 hours, many altcoins demonstrated significant growth:
* Ethereum (ETH) +7.5% * XRP +7.1% * BNB +2.7% * Solana (SOL) +4.1% * Cardano (ADA) +15.2%
Ethereum is testing levels from 2024 at around $3,000, while Solana showcased a 10.21% rise over the same period.
Ethereum's Prospects in Current Trend
Analysts suggest that Ethereum may be in a favorable position amid the current growth. Potential strong inflows through ETFs and rising institutional interest could facilitate further growth for ETH. Some experts predict Ethereum could reach $3,200 soon.
With Bitcoin's current rise and positive dynamics in the altcoin market, the crypto market may enter a new bull market phase throughout 2025.
