Bitcoin made a new all-time high on July 11, kicking off a major bull market for the rest of the cryptocurrency space. Other coins, or altcoins, such as Stellar, Dogecoin, Cardano and XRP skyrocketed even more. At the same time, Ethereum made headlines by surpassing $3,000 for the first time since early February. The sentiment across the entire crypto industry is incredibly bullish, with all sectors posting impressive double and triple digit percent increases.
Bitcoin's Record-Breaking Performance
Notably, Bitcoin is in the midst of a new all-time high ($118,287.46), officially sharing the Pump It Up! This massive increase is an indication of the increasing interest from both retailers and institutions in Bitcoin as a store of value and hedge against inflation. Over the past day, Bitcoin is up 3.3%. This enormous increase makes a strong case for its claim as the most dominant player of the market.
Altcoins Lead the Charge
Among the top performers, Stellar stole the spotlight with an impressive 24.3% surge in the last 24 hours, bringing its price above $0.37. Dogecoin experienced massive upward movement as well, now firmly resting at the $0.2086 mark with a 12.6% rise in action over the last week. Cardano and XRP had impressive daily surges of over 10%, helping to lead the charge towards optimistic altcoin sentiment.
Ethereum has been hot as well, crossing above the $3,000 level for the first time since Feb. 2. Ethereum, as of press time, is trading at $2,987.55 per ETH, up 6.1% over the past 24 hours.
AI Tokens and Hyperliquid Shine
In a period where AI tokens have been leading the charge with an average of 10.9% in added gains. Story’s (IP) 32% increase was the highest, by far, in the entire House. Hyperliquid registered yet another all-time high at $46.45, reflecting an 8.3% price jump.
