Bitcoin Surges to New High Above $113,500

On the evening of July 10, the leading cryptocurrency reached a new all-time high (ATH) at approximately $112,600, while Ethereum hit $2800.

July 10, 2025 | 21:02Update:

Bitcoin climbed further, reaching a new ATH of $113,788 (according to Binance rates).

According to Coinglass, the past 24 hours saw liquidation volumes reach $598 million, with short positions accounting for $529 million.

Most top-capitalization cryptocurrencies were in the “green zone.” XRP gained 4.6% over the day, while DOGE rose by 6.2%.

The total cryptocurrency market capitalization exceeded $3.6 trillion, with BTC dominance at 62.7%.

According to analyst and MN Trading founder Michaël van de Poppe, Bitcoin’s “beautiful” breakout provided support at the $110,500 level.

“We might see $150,000 in the third quarter,” he added.

The crypto community also noted that digital gold continues to follow the global M2 liquidity index.

The Global M2 Liquidity Index has predicted every major cycle.

If the correlation holds, #Bitcoin could reach $130K.

Follow the money. ? #Crypto pic.twitter.com/EkH2mgE1MK

— N0IR (@0RN0IR) July 10, 2025

Analyst Omkar Godbole highlighted long-term resistance levels at $115,000 and $223,000.