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Bitcoin Shatters ATH – $120K Target Now in Sight as Bulls Charge

Bitcoin Shatters ATH – $120K Target Now in Sight as Bulls Charge

Published:
2025-07-11 06:43:11
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Bitcoin price breaks all-time high and eyes USD 120’000

Bitcoin just demolished its previous all-time high, leaving traders scrambling as the king crypto sets its sights on $120,000.

The breakout comes amid surging institutional demand and a weakening dollar – classic fuel for crypto's most volatile asset.

Analysts warn of potential pullbacks, but the momentum suggests Wall Street's latecomers might finally be FOMO-ing in properly this time.

Meanwhile, gold bugs quietly update their LinkedIn profiles.

Bitcoin remains the market driver

Under pressure from political stakeholders, the US government is signaling a shift toward monetary easing. An interest rate cut could come as early as July, provided inflation continues to cool and labor market data remains stable. Coupled with deficit expansion under Trump’s “Big Beautiful Bill,” this sets the stage for a sustained depreciation of the US dollar. Lower interest rates and increased liquidity support risk assets, making bitcoin more attractive both as an inflation hedge and a speculative asset.

Ethereum ETH/USD (daily) / Charts: Tradingview

Bitcoin’s price surge is also lifting Ethereum (ETH). The second-largest cryptocurrency by market capitalization is trading back above USD 3'000, though still some distance from its all-time high. Nonetheless, positive momentum is evident. Since April, the Ethereum-to-Bitcoin ratio (“ETH/BTC”) has increased by +33%, and ETF inflows are also picking up steam.

Altcoins show signs of life

During historical bull cycles, Bitcoin all-time highs were often followed by catch-up rallies in altcoins. Early signs of this pattern are emerging again. Over the past seven days, most digital assets have posted double-digit percentage gains. Top performers this week were stellar XLM (+28.05%), Cardano ADA (+23.02%), and Sui (+19.42%). The “laggards” included Tron TRX (+3.33%), BNB (+4.53%), and Bitcoin BTC (+8.45%).

Top 20 cryptocurrencies by market capitalization / Source: Messari

Haftungsausschluss
Alle Angaben in dieser Publikation erfolgen ausschliesslich zu allgemeinen Informationszwecken. Die in dieser Publikation zur Verfügung gestellten Informationen stellen keine Anlageberatung dar und sind auch nicht als solche beabsichtigt. Diese Publikation stellt kein Angebot und keine Empfehlung oder Aufforderung für eine Anlage in ein Finanzinstrument einschliesslich Kryptowährungen und dergleichen dar und ist auch nicht als Angebot, Empfehlung oder Aufforderung beabsichtigt. Die in der Publikation enthaltenen Inhalte stellen die persönliche Meinung der jeweiligen Autoren dar und sind nicht als Entscheidungsgrundlage geeignet oder beabsichtigt.

Risikohinweis
Anlagen und Investitionen, insbesondere in Kryptowährungen, sind grundsätzlich mit Risiko verbunden. Der Totalverlust des eingesetzten Kapitals kann nicht ausgeschlossen werden. Kryptowährungen sind sehr volatil und können daher in kurzer Zeit extremen Kursschwanken ausgesetzt sein.

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