Coinbase Observes Bitcoin Nearing Record High as Ether Leads Crypto Rally
Bitcoin is approaching its all-time high, surging past $111,000, while Ethereum's ether leads the rally with a 6% jump to $2,760. The cryptocurrency market is experiencing a broad uptick, with Bitcoin showing a tentative breakout from its recent tight trading range. Investors are closely watching the $110,000 level, which has historically been a profit-taking zone. As of July 10, 2025, the market sentiment remains bullish, with Ethereum outperforming other major digital assets. This rally highlights the growing confidence in cryptocurrencies, with Coinbase at the forefront of facilitating these trades. The current momentum suggests potential for further gains, as both Bitcoin and Ethereum demonstrate strong upward trajectories.
Bitcoin Nears Record High as Ether Leads Crypto Rally
Bitcoin surged past $111,000, inching closer to its all-time high of $112,000, as the cryptocurrency market witnessed a broad rally. Ethereum's ether outpaced major digital assets with a 6% jump to $2,760, its highest level in a month. Bitcoin's 2.4% gain to $111,400 reflects a tentative breakout from its recent tight trading range.
The $110,000 level has repeatedly acted as a profit-taking zone for investors, but the current slow buildup suggests accumulating bullish momentum. "Crypto feels so quiet, [while] Bitcoin is ready to move," noted Charlie Morris of ByteTree, highlighting declining volatility—a historical precursor to significant upward moves.
Crypto-related stocks mirrored the rally, with MicroStrategy gaining 4.4% and Coinbase up 5%. bitcoin miners Marathon Digital and Riot Platforms advanced roughly 6%. Institutional demand for ether appears robust, with LMAX Group's Joel Kruger pointing to its resilience above key technical levels.
Coinbase Stock To $2000? Top Analyst Flags Ultra Rare Pattern To Watch
Coinbase stock (COIN) exhibits a bullish cup and handle pattern, signaling potential breakout momentum toward $2,000. The technical formation aligns with broader crypto market recovery, lifting correlated equities.
Analyst Ali Martinez identifies the multi-year chart structure as a precursor to significant upside. Similar patterns historically precede extended rallies, with COIN currently trading at $359—up 1.19% intraday.
Crypto-linked stocks including MARA, RIOT, and HOOD mirror the bullish sentiment. Market participants anticipate sustained momentum as institutional interest in digital assets rebounds.
