Why Did Crypto Go Up Today – July 11, 2025

Jakarta, Pintu News – The crypto market returned to green on Thursday, July 11, 2025, with significant price spikes across major digital assets such as Bitcoin (BTC) which rose to $116,000, Ethereum (ETH) surging to $3,000, and a host of other altcoins.

This sharp rise caught the attention of investors and analysts, raising the big question: what is driving today’s market rally?

Crypto Market Continues to Grow

According to BeInCrypto, the overall crypto market cap jumped by $170 billion in the last 24 hours (11/7), reaching $3.59 trillion. This marks a six-month high for TOTAL, which is currently attempting to break resistance at $3.64 trillion.

Read also: Bitcoin Hits New All-Time High at $116,000 — Is This Just the Beginning of an Even Bigger Surge?

If this level is successfully crossed, it could signal continued growth in the crypto market.

Turning the $3.64 trillion resistance into support is crucial to maintain the recent gains.

Securing this level would provide stability and push the market capitalization towards $3.73 trillion. This could attract more investor interest and boost bullish momentum in the crypto sector.

However, if the crypto market experiences selling pressure in the next few days, then the market could experience a decline. A drop below the $3.49 trillion support level could signal a weakening sentiment, potentially leading to a drop in the value of various crypto tokens.

Bitcoin Sets New Record High

Bitcoin price increased by 6% in the last 24 hours and is currently trading at $116,510. At the peak of daily trading, BTC reached a newall-time high (ATH) of $116,868.

This surge confirms Bitcoin’s continued growth, supported by broader market factors.

The support from the trade deal initiated by Trump was welcomed positively by both the stock market and the crypto market. This optimistic sentiment could push Bitcoin to reach higher levels. If market conditions remain stable, Bitcoin is likely to target the $120,000 level.

However, if Bitcoin investors decide to realize profits, this could trigger a price drop. If the price falls below the $115,000 support level, Bitcoin could be pushed to the $110,000 range. This correction could signal a change in market sentiment.

“July will be a market test, but Bitcoin is ready for it”

As BTC surges to new record highs, analysts give their views on the latest developments.

Read also: Crypto Bull Run Begins! Bitcoin, Ethereum, and XRP prices surge sharply!

Roshan Roberts, CEO of OKX US, stated that “Bitcoin is showing why it is in a class of its own. As trade tensions escalate and altcoins come under pressure, institutions are treating BTC as a macro hedge and an increasingly mature asset.”

Roberts added, “July will test the market, but Bitcoin seems to be designed to deal with situations like this.”

Meanwhile, Mauricio Di Bartolomeo, co-founder and CSO of Ledn, said that the current surge in BTC is due to “persistent demand from investors and companies.”

In just the past 30 days, at least 21 companies have announced plans to raise and allocate around $3.5 billion into their BTC reserves, according to Di Bartolomeo. They have purchased 6,745 BTC, or about 20% of the total planned purchases.

He also added that “there are still many funds waiting to be channeled. If this trend continues, Bitcoin price could go much higher than where it is now.”

Meanwhile, analysts are debating whether or not the market will actually have a breakout. Since the price has not managed to break the previous record, there is a possibility of a correction in the near future.

Even so, many still believe that a new record high is imminent.

Additionally, onchain data and market intelligence platform Glassnode noted that the Bitcoin RHODL Ratio-whichcompares the realized value of Bitcoin based on the age group of ownership-“turned upward.”

This ratio reached its highest point in this cycle on Wednesday, signaling a shift where holders in one cycle are starting to control more wealth.

“Historically, changes like this mark transitions in market cycles and the winding down of speculative momentum,” according to Glassnode.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Why is the Crypto Market Up Today? Accessed on July 11, 2025
• Crypto News. Why Is Crypto Up Today? Accessed on July 11, 2025