Latest Updates In Ethereum And Bitcoin – Bitcoin soared to a record high of $112,288 on July 10, 2025, as reported via Binance, propelled by global risk appetite and signals from the U.S. Federal Reserve indicating potential interest rate cuts.
The 2.85% daily price increase, following a $111,999 peak, was amplified by $200 million in short position liquidations.
The rally reflects Bitcoin’s growing appeal as an inflation hedge, with its $2.22 trillion market cap dwarfing most altcoins.
Institutional inflows, including BlackRock’s $370.2 million daily Bitcoin ETF purchases, have fueled momentum.
The surge also aligns with global trends, such as Hong Kong’s new Bitcoin ETF, which underscores BTC’s role as a store of value amid economic uncertainty.
However, volatility remains a concern, with Bitcoin’s 24-hour trading volume hitting $45 billion. Critics warn of potential corrections, citing past crashes like the 2022 bear market.
The Fed’s rate cut signals, combined with a crypto-friendly U.S. administration, bolster Bitcoin’s bullish outlook, but macroeconomic shifts could impact its trajectory.
The surge has sparked renewed retail and institutional interest, with exchanges like Coinbase reporting a 20% volume spike.
Bitcoin’s record high positions it as a leading alternative asset, but sustaining this level requires continued policy support and market stability.
