Cryptocurrency Price Today (July 11): Bitcoin Sets New All-Time High, Breaks $118k. Here's What Market Experts Are Saying
Bitcoin (BTC), the world’s oldest and most valued crypto, is on a hot streak. It crossed the $118,000 mark early Friday to mark a brand new all-time high (ATH). Institutional enthusiasm is a primary driver for BTC’s latest rally. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the green across the board as the overall Market Fear & Greed Index stood at 67 (Greed) out of 100, as per CoinMarketCap data. Worldcoin (WLD) became the biggest gainer of the lot, with a 24-hour jump of nearly 24 percent.
The global crypto market cap stood at $3.67 trillion at the time of writing, registering a 24-hour jump of 5.97 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $118,042.91, registering a 24-hour jump of 6.18 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 91.73 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,013.13, marking a 24-hour gain of 8.29 percent at the time of writing. Ethereum price in India stood at Rs 2.26 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 10.27 percent, as per CoinMarketCap data, currently priced at $0.1987. Dogecoin price in India stood at Rs 15.26.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 6.06 percent. At the time of writing, it was trading at $96.13. LTC price in India stood at 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
Solana price stood at $165.65, marking a 24-hour gain of 5.36 percent. SOL price in India stood at 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
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “Bitcoin continued its strong momentum, reaching another all-time high of $116,700 as bulls maintained a strong hold during price discovery. With this move, BTC marked a 101% yearly gain, outperforming most asset classes. The Fear & Greed Index now signals “greed,” reflecting strong investor sentiment and sustained buying interest. Additionally, institutional participation remains a key driver, with $1.52 billion flowing into crypto funds over the last five trading days. Major altcoins like Ethereum and Solana also rallied up to 10%, supporting the broader market uptrend. If the current trend holds, Bitcoin could target $120,000, with immediate support seen at $111,500.”
Ashish Singhal, Co-founder, CoinSwitch, said, “Bitcoin’s new all-time high above $116,000 is a clear sign that confidence in crypto is growing stronger. Institutional demand is rising, supported by more favourable signals from the Trump administration in the U.S. This rally is not just about price; it reflects how crypto is maturing into a recognised asset class within the global financial system. With smart regulations, policy clarity, and support for homegrown innovation, India can become a global leader in crypto innovation.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Momentum is accelerating across the crypto market, signalling that we may be entering the most decisive leg of this bull cycle. Bitcoin has surged past $116,500, marking a new all-time high and delivering a strong vote of confidence from both institutional and retail investors. A sharp $453 million short squeeze played a key role in accelerating Bitcoin’s rally. As bearish positions were liquidated, forced buying added fuel to the upward momentum, helping BTC break past key resistance levels and reach new all-time highs.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is trading around $117,000 after breaking past $113K resistance, supported by strong ETF inflows and corporate accumulation. Market sentiment is bullish, driven by U.S. policy support and institutional demand. Key support lies at $110K–$112K; a sustained move above $114K could target $125K–$146K. Technicals show consolidation, with Bollinger Band squeeze hinting at an impending breakout. Risk remains from macroeconomic shifts or large wallet activity. Overall, the trend favors further upside if momentum continues. Short-term targets are $116K–$120K, while dips to $108K may offer buying opportunities. Traders should watch volume and U.S. economic data for volatility cues.”
Shivam Thakral, CEO of BuyUcoin, said, “Since May 2025, BTC was trapped within the $109,000-$111,000 range and was struggling to break above the $112,000 mark. After multiple attempts, BTC shattered the $116,000 barrier owing to adoption by businesses, strong ETF inflows and global regulatory backing. Overall crypto market cap surged by nearly 4.5% and now stands at $3.53 trillion. The current crypto rally is filled with confidence and macroeconomic factors will define the fate of this momentum.”
CoinDCX Research Team noted, “Bitcoin is roaring! The price is smashing new highs as it reaches the level above $116K for the first time in history. On the other hand, Ethereum reached $3000 and drew bearish attention, while the XRP price is surging with considerable strength. The other altcoins are also manifesting a similar price action as the crypto markets turn green. The top gainers include Pudgy Penguins, with a 30% rise, followed by SEI with a 25% increase and Worldcoin with a 19% rise. Currently, no such losers have been recorded for the day, which suggests the bulls have gained strong control over the markets.”
Srinivas L, CEO, 9Point Capital, said, “We’ve been saying it for weeks at 9Point Capital, stay long, buy the dips. BTC has now broken out just as expected, and the bullish trend is kicking in. Momentum looks strong from here. We expect BTC to touch $125k in this leg of rally.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.