Bitcoin & Ethereum Surge as Memecoins Steal the Spotlight – July 11 Market Update

Crypto markets flex bullish momentum as Bitcoin and Ethereum climb—while degenerate gamblers, sorry, 'memecoin traders' pile into the next flavor-of-the-week joke asset. Wall Street analysts weep into their spreadsheets.

Major coins rally

BTC and ETH lead the charge, proving institutional money hasn't completely abandoned crypto—though the suits still don't get why Dogwifhat has a $10B cap.

Memecoin madness

Speculative frenzy shifts from NFTs to canine-themed shitcoins, because apparently we learned nothing from 2021. At least the gas fees are cheaper this time.

Market psychology at work

Traders rotate profits from blue-chips into ultra-high-risk plays, because nothing says 'financial responsibility' like 1000x leverage on a token named after a cartoon frog.

Crypto Market Displays A Bullish Recovery

The Bitcoin price witnessed increased positive action over the last 20 hours. This resulted in it hovering extremely close to its ATH of $111,970 for a short duration. Further, this led to a market-wide reaction with top altcoins witnessing a similar price action. With a market cap of $2.206 trillion, it has a market share of 63.7886%.

The ethereum price has successfully retested its $2,800 mark today with a jump of approximately 5%. On the other hand, the XRP price maintains its momentum and surpasses the $2.40 mark for the first time since 23rd May 2025.

However, taking advantage of the situation, the memecoin market recorded the highest volatility over the last 24 hours. While top meme coins like Dogecoin & shiba inu displayed a notable jump, Pepe, Bonk added approximately 7% each.

The PENGU tokens dominated the segment by adding over 27% during this period. This also resulted in it claiming the top gainers position in the daily time frame.

Following Pengu, dogwifhat (WIF) and Fartcoin (FARTCOIN) also registered double digit gains. With highest loser Cronos being just down around 2%, that too due to retraction after yesterday’s rise, all the Altcoin are showing green candles today.

Trending Cryptos Today

• Doraemon (doraemon50th.com) DORAEMON

• Bitcoin (BTC)

• Ethereum (ETH)

• Hyperlane (HYPER)

• Pudgy Penguins (PENGU)

Top Gainers & Losers Today

Crypto Market Cap Overview

At the time of writing, the global crypto valuation was at $3.47 trillion with an intraday trading volume of $140.98 billion, a significant change of +34.41% as per the latest data from CoinMarketCap. With a jump of 2.11% during this period, the market is indicating increasing bullish sentiment.

Adding to this, the Fear & Greed index has jumped to 58, suggesting a slight shift toward the bullish territory. The Altcoin season index however is unable to move out of its extreme Bitcoin season and is currently at 26.

Coming forward to the Coinglass data, a total of 131,723 traders have been liquidated over the past day bringing the total flow value to $524.35 million. Of the liquidations, the single largest was recorded on the HTX cryptocurrency exchange on the BTC/USDT pair. The value of this was $51.56 million.

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