Bitcoin Price Today, July 10: Crypto Hits Record High Near $112,000, Surges 39% In 3 Months | Cryptocurrency News

Last Updated:July 10, 2025, 10:17 IST

Bitcoin At Record High: The world’s largest cryptocurrency has jumped 39.3% in the past three months and over 95.2% in a year.

Bitcoin surges to an all-time peak just shy of $112,000.

The price of Bitcoin on Thursday, July 10, hit an all-time high of $111,925.38 on rising investor appetite amid improved risk sentiment. The world’s largest cryptocurrency has jumped 39.3% in the past three months and over 95.2% in a year.

Among other cryptos, Ethereum on Thursday surged to $2,771.37, BNB rose to $671.45, XRP was up at $2.42, and Solana jumped to $157.22.

Edul Patel, co-founder and CEO of Mudrex, said, “Bitcoin recorded a fresh all-time high, breaking out of its consolidation zone and clearing key resistance levels. The rally followed the release of the Fed’s June FOMC minutes, where most policymakers signalled support for at least one rate cut in 2025, leading to a risk-on sentiment in the market. Meanwhile, as US debt hit a new all-time high, the dollar index (DXY) dropped to its weakest level in 21 years compared to its 200-day moving average, making Bitcoin more appealing to investors.”

The surge in cryptocurrencies also coincides with reports saying that Dubai’s airline Emirates has signed a preliminary deal with crypto.com to allow its customers to make payments through Bitcoin.

The Bitcoin prices have cooled since morning after hitting its record high level and are currently trading at $111,020.59 with a current market cap of $2.2 trillion, as of 10:02 am. Its 24-hour trading volume is $59.58B. Bitcoin is up 2.43% in the last 24 hours with a circulating supply of 19.89 million.

“The new record high came on improved risk sentiment,” IG analyst Tony Sycamore wrote in a note to clients, as per Reuters.

Overall, investors were hungry for riskier assets with the most damaging tariff scenarios looking increasingly unlikely, helping Nvidia become the first stock ever with a $4 trillion valuation, and lifting cryptocurrency bitcoin to an all-time peak just shy of $112,000.

CoinSwitch Markets Desk in its note said, “BTC surged to a new all-time high of $111,925.38. The rally’s sustainability depends on macroeconomic factors, especially US trade negotiations and potential Fed rate cuts. Delays or setbacks in trade talks could hinder momentum, while easing inflation and dovish monetary policy may support further gains. BTC ETFs have recorded $507.5 million in inflows so far this week.”

BNY Mellon has been named the primary custodian for Ripple’s stablecoin reserves, signalling deeper traditional finance involvement. Meanwhile, Emirates, Dubai Duty Free, and crypto.com have partnered to facilitate crypto payments in travel, further pushing crypto toward mainstream adoption, it added.

CoinDCX Research Team in its note said, “Bitcoin smashes new highs very close to $112,000 but fails to surpass it. Meanwhile, the Ethereum price also heads close to the crucial barrier at $2800 with over a 7% increase in the past 24 hours. XRP price also gained some strength as it surged above $2.4 by breaking above the pivotal resistance zone. Among the top gainers are dogwifhat & SPX6900, which surged over 12% each, followed by Pudgy Penguins by over 11%. On the other hand, the top losers include Bonk & DeXe, with drops of 3.75% and 1.26%, respectively.”

In the past 24 hours, nearly $500 million was liquidated from the crypto market, wherein $326 million included $436 million shorts and only $61 million longs. In an interesting update, the GMX exchange was exploited for $40 million, to which the platform has announced a 10% bounty for the hacker to return the stolen funds. On the other hand, Ripple’s stablecoin has surpassed $500 million in circulation. Meanwhile, the ETF inflows were also positive for both Bitcoin & Ethereum, hinting towards the growing optimism among the market participants, it added.

Bitcoin Price Prediction 2025

IG analyst Tony Sycamore predicts Bitcoin to hit $120,000 soon.

“While the push to new highs hasn’t yet sparked the fireworks the market might have been hoping for, there is scope for bitcoin to make further gains towards $120,000,” Sycamore added.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

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