{"id":6965,"date":"2025-07-09T19:48:49","date_gmt":"2025-07-09T19:48:49","guid":{"rendered":"https:\/\/baiwp.com\/bitcoin-tops-111k-on-brink-of-breaking-record-high-ethers-6-jump-leads-major-cryptos\/"},"modified":"2025-07-09T19:48:49","modified_gmt":"2025-07-09T19:48:49","slug":"bitcoin-tops-111k-on-brink-of-breaking-record-high-ethers-6-jump-leads-major-cryptos","status":"publish","type":"post","link":"https:\/\/baiwp.com\/de\/bitcoin-tops-111k-on-brink-of-breaking-record-high-ethers-6-jump-leads-major-cryptos\/","title":{"rendered":"Bitcoin Tops $111K, on Brink of Breaking Record High; Ether’s 6% Jump Leads Major Cryptos"},"content":{"rendered":"

Bitcoin (BTC) broke out of its recent very tight trading range during U.S. Wednesday afternoon hours, threatening to topple its May record of $112,000.<\/p>\n

The largest crypto briefly notched a new record in U.S. dollar terms on some exchanges including Binance, Coinbase and Bitstamp, before retreating towards $111,000. However, price data aggregators including CoinDesk, CoinGecko and CoinMarketCap show that BTC remained just below its May 22 peak.<\/p>\n

The move came amid a broader crypto rally that also saw Ethereum’s ether (ETH) surge 6% to $2,760, its highest level in a month. Bitcoin itself was ahead 2.4% at $111,400 at press time.<\/p>\n

During today’s swift move higher, some $425 million in leveraged short positions were liquidated across all crypto derivatives, CoinGlass data<\/a> shows.<\/p>\n

For BTC, the area around the $110,000 level has been a significant barrier<\/a> over the past several weeks with investors taking profits and shorts piling each time the price neared that level.<\/p>\n

Checking crypto-related stocks, Strategy (MSTR) is higher by 4.4% and at $414, only a few dollars shy of its highest level of 2025 (though still well below its record high of $543 set late last year). Coinbase (COIN) is ahead 5%. Bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT) are up roughly 6%.<\/p>\n

Still, market watchers noted that the slow, quiet buildup could be a bullish setup.<\/p>\n

“Crypto feels so quiet, [while] bitcoin is ready to move,” wrote Charlie Morris, chief investment officer at ByteTree, in a report.<\/p>\n

Morris pointed out that bitcoin\u2019s volatility has steadily declined, a pattern that historically preceded large upward moves.<\/p>\n

\"Bitcoin<\/p>\n

“The setup for the next one is looking good,” he said. “As I keep on saying, the quiet bulls are the best.”<\/p>\n

Joel Kruger, market strategist at LMAX Group, pointed to ether\u2019s strength above key technical support levels and growing demand from long-only institutions betting on its future role in settlement infrastructure and asset tokenization.<\/p>\n

That view was echoed by digital asset manager Bitwise’s analysts, who named ETH as one of the “cleanest” token plays to bet on the red-hot tokenization trend, The Block reported<\/a>.<\/p>\n

UPDATE (July 9, 2025, 20:30 UTC):<\/strong> Adds more details throughout the story.<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) broke out of its recent very tight trading range during U.S. Wednesday afternoon hours, threatening to topple its May…<\/p>","protected":false},"author":1,"featured_media":6966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"spectra_custom_meta":{"_thumbnail_id":["6966"],"feedzy":["1"],"feedzy_item_url":["https:\/\/www.coindesk.com\/markets\/2025\/07\/09\/bitcoin-tops-111k-on-brink-of-breaking-record-high-ethers-6-jump-leads-major-cryptos"],"feedzy_job":["6631"],"feedzy_item_author":["Krisztian Sandor"],"feedzy_job_time":["1752105950"],"ekit_post_views_count":["57"],"_uag_css_file_name":["uag-css-6965.css"],"_uag_page_assets":["a:9:{s:3:\"css\";s:260:\".uag-blocks-common-selector{z-index:var(--z-index-desktop) !important}@media(max-width: 976px){.uag-blocks-common-selector{z-index:var(--z-index-tablet) !important}}@media(max-width: 767px){.uag-blocks-common-selector{z-index:var(--z-index-mobile) !important}}\";s:2:\"js\";s:0:\"\";s:18:\"current_block_list\";a:13:{i:0;s:9:\"core\/html\";i:1;s:11:\"core\/search\";i:2;s:10:\"core\/group\";i:3;s:12:\"core\/heading\";i:4;s:17:\"core\/latest-posts\";i:5;s:20:\"core\/latest-comments\";i:6;s:13:\"core\/archives\";i:7;s:15:\"core\/categories\";i:8;s:10:\"core\/image\";i:9;s:23:\"kadence\/advancedheading\";i:10;s:16:\"kadence\/iconlist\";i:11;s:16:\"kadence\/listitem\";i:12;s:9:\"core\/list\";}s:8:\"uag_flag\";b:0;s:11:\"uag_version\";s:10:\"1789728246\";s:6:\"gfonts\";a:0:{}s:10:\"gfonts_url\";s:0:\"\";s:12:\"gfonts_files\";a:0:{}s:14:\"uag_faq_layout\";b:0;}"],"_elementor_page_assets":["a:0:{}"]},"uagb_featured_image_src":{"full":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/07\/82278b028619a821b8a3519a3302e962a11db375-2228x1214-ki0CT0.png",1920,1046,false],"thumbnail":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/07\/82278b028619a821b8a3519a3302e962a11db375-2228x1214-ki0CT0-150x150.png",150,150,true],"medium":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/07\/82278b028619a821b8a3519a3302e962a11db375-2228x1214-ki0CT0-300x163.png",300,163,true],"medium_large":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/07\/82278b028619a821b8a3519a3302e962a11db375-2228x1214-ki0CT0-768x418.png",768,418,true],"large":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/07\/82278b028619a821b8a3519a3302e962a11db375-2228x1214-ki0CT0-1024x558.png",1024,558,true],"1536x1536":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/07\/82278b028619a821b8a3519a3302e962a11db375-2228x1214-ki0CT0-1536x837.png",1536,837,true],"2048x2048":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/07\/82278b028619a821b8a3519a3302e962a11db375-2228x1214-ki0CT0.png",1920,1046,false],"trp-custom-language-flag":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/07\/82278b028619a821b8a3519a3302e962a11db375-2228x1214-ki0CT0.png",18,10,false],"mailpoet_newsletter_max":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/07\/82278b028619a821b8a3519a3302e962a11db375-2228x1214-ki0CT0.png",1320,719,false],"woocommerce_thumbnail":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/07\/82278b028619a821b8a3519a3302e962a11db375-2228x1214-ki0CT0-300x300.png",300,300,true],"woocommerce_single":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/07\/82278b028619a821b8a3519a3302e962a11db375-2228x1214-ki0CT0-600x327.png",600,327,true],"woocommerce_gallery_thumbnail":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/07\/82278b028619a821b8a3519a3302e962a11db375-2228x1214-ki0CT0-100x100.png",100,100,true]},"uagb_author_info":{"display_name":"xkjjz@foxmail.com","author_link":"https:\/\/baiwp.com\/de\/author\/xkjjzfoxmail-com\/"},"uagb_comment_info":0,"uagb_excerpt":"Bitcoin (BTC) broke out of its recent very tight trading range during U.S. Wednesday afternoon hours, threatening to topple its May...","_links":{"self":[{"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/posts\/6965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/comments?post=6965"}],"version-history":[{"count":0,"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/posts\/6965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/media\/6966"}],"wp:attachment":[{"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/media?parent=6965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/categories?post=6965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baiwp.com\/de\/wp-json\/wp\/v2\/tags?post=6965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}