{"id":36062,"date":"2025-07-09T21:01:47","date_gmt":"2025-07-09T21:01:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36062"},"modified":"2025-07-09T21:01:47","modified_gmt":"2025-07-09T21:01:47","slug":"bitcoin-tops-111k-on-brink-of-breaking-record-high-ethers-6-jump-leads-major-cryptos","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36062","title":{"rendered":"Bitcoin Tops $111K, on Brink of Breaking Record High; Ether’s 6% Jump Leads Major Cryptos"},"content":{"rendered":"
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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>\n<\/div>\n","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 record of $112,000. 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36062","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36062"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36062\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}