Today, July 11, the price of cryptocurrencies: Bitcoin Breaks $118,000 and Sets New All-Time High
The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), is currently seeing a surge. Early on Friday, it surpassed $118,000 to reach a new all-time high (ATH). One of the main forces behind Bitcoin’s most recent surge is institutional interest. According to CoinMarketCap statistics, the overall Market Fear & Greed Index was 67 (Greed) out of 100, meaning that other well-known altcoins, including as Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC), also saw gains. Worldcoin (WLD) saw a 24-hour spike of around 24 percent, making it the largest gainer among the lot.
At the time of writing, the total value of the worldwide cryptocurrency market was $3.67 trillion, representing a 5.97 percent 24-hour increase.
Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of Bitcoin was $118,042.91, representing a 6.18% 24-hour increase. Indian exchanges reported that the price of bitcoin was Rs 91.73 lakh.
Ethereum (ETH) Price Today
At the time of writing, the price of ETH was $3,013.13, representing an 8.29 percent 24-hour gain. In India, the price of Ethereum was Rs 2.26 lakh.
Dogecoin (DOGE) Price Today
According to CoinMarketCap data, DOGE saw a 10.27 percent 24-hour rise and is presently trading at $0.1987. In India, the price of Dogecoin was Rs 15.26.
Litecoin (LTC) Price Today
The 24-hour gain for Litecoin was 6.06 percent. It was trading at $96.13 at the time of writing. In India, the price of LTC was Rs 7,525.59.
Ripple (XRP) Price Today
XRP price stood at $2.58, seeing a 24-hour jump of 6.98 percent. Ripple price in India stood at Rs 188.
Solana (SOL) Price Today
At $165.65, Solana’s price represented a 5.36 percent 24-hour gain. The price of SOL in India was Rs 13,480.37.
Top Crypto Gainers Today (July 11)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Worldcoin (WLD)
Price: $1.14
24-hour loss: 23.53 percent
Ethena (ENA)
Price: $0.3539
24-hour gain: 22.91 percent
Sei (SEI)
Price: $0.3242
24-hour gain: 22.77 percent
Fartcoin (FARTCOIN)
Price: $1.38
24-hour gain: 20.74 percent
Arbitrum (ARB)
Price: $0.4309
24-hour gain: 20.67 percent
Crypto Exchanges’ Reactions to the Present Market Situation
“Bitcoin continued its strong momentum, reaching another all-time high of $116,700 as bulls maintained a strong hold during price discovery,” Edul Patel, CEO and co-founder of Mudrex, told ABP Live. Bitcoin outperformed the majority of asset classes with this move, recording an annual gain of 101%. The current “greed” signal from the Fear & Greed Index reflects robust investor mood and ongoing buying activity.
Additionally, $1.52 billion has been invested in cryptocurrency funds during the past five trading days, demonstrating the continued importance of institutional engagement. Alongside the general market rise, major cryptocurrencies like Ethereum and Solana also had rallies of up to 10%. Bitcoin may reach $120,000 if the current trend continues, with $111,500 serving as immediate support.
“Bitcoin’s new all-time high above $116,000 is a clear sign that confidence in crypto is growing stronger,” co-founder of CoinSwitch Ashish Singhal stated. With the help of more encouraging indications from the Trump administration in the US, institutional demand is increasing. Price is not the only factor driving this rally; it also shows how cryptocurrency is developing into a recognized asset class in the international financial system. India has the potential to lead the world in cryptocurrency innovation with wise legislation, clear policies, and encouragement of domestic innovation.
“Momentum is accelerating across the crypto market, signaling that we may be entering the most decisive leg of this bull cycle,” stated Avinash Shekhar, co-founder and CEO of Pi42. Bitcoin has risen above $116,500, setting a new record and receiving a resounding endorsement from institutional and individual investors. One of the main factors that accelerated Bitcoin’s surge was a severe $453 million short squeeze. Forced purchasing fueled the upward momentum as negative positions were liquidated, enabling Bitcoin to surpass significant resistance levels and hit new all-time highs.
“Bitcoin is trading around $117,000 after breaking past $113K resistance, supported by strong ETF inflows and corporate accumulation,” stated Sathvik Vishwanath, CEO and co-founder of Unocoin. Bullish market sentiment is fueled by institutional demand and U.S. policy support. A sustained advance above $114K might target $125K–$146K, with $110K–$112K serving as key support. Technical indicators suggest consolidation, and a squeeze of the Bollinger Band suggests a potential breakout.
There is still a chance of macroeconomic changes or high-value transactions. Overall, assuming momentum keeps up, the trend points to more upside. Targets in the short term are between $116K and $120K, and drops to $108K can present possibilities for purchases. For indicators of volatility, traders should keep an eye on volume and US economic data.
“Since May 2025, Bitcoin has been stuck in the $109,000–$111,000 range and has been having difficulty breaking above the $112,000 mark,” stated Shivam Thakral, CEO of BuyUcoin. Due to widespread commercial use, robust ETF inflows, and international regulatory support, Bitcoin broke beyond the $116,000 barrier after several attempts. The total value of the cryptocurrency market increased by over 4.5 percent to $3.53 trillion. The future of this momentum will be determined by macroeconomic variables, but the current cryptocurrency rise is full with confidence.
According to the CoinDCX Research Team, “Bitcoin is booming! For the first time in history, the price is surpassing $116K, setting new records. However, the price of XRP is rising with significant power, while Ethereum topped $3000 and attracted unfavorable attention. As the cryptocurrency markets turn green, the other altcoins are likewise displaying comparable price movements. With a 30% increase, Pudgy Penguins is the biggest gainer, followed by SEI (25%), and Worldcoin (19%). Since there are currently no such losers for the day, it appears that the bulls have solidified their hold on the markets.
“At 9Point Capital, we’ve been saying for weeks: stay long, buy the dips,” stated Srinivas L., CEO. As anticipated, Bitcoin has officially broken out, and the bullish trend is beginning. From here, momentum appears to be strong. We anticipate that Bitcoin will reach $125,000 during this rise.
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