{"content":"🚀 Bitcoin Blasts Toward $120K — Ethereum and XRP Catch Fire Amid Market Frenzy! Bitcoin surges beyond $118,000, prompting $635 million in short position liquidations. Ethereum bulls push for price movement over $3,000, supported by institutional interest in spot ETFs. Global cryptocurrency risk-on mentality supports XRP's climb to $2.76. The cryptocurrency market is anticipating a rise, especially Bitcoin (BTC), which touched a new record high of $118,870 on Friday. Investors are also optimistic about the biggest altcoins, which are recovering. ETH is trading near psychological round-figure resistance around $3,000, boosted by retail and institutional traders. Technical indicators support Ripple (XRP)'s advance approaching $2.76 barrier. Bitcoin is under less selling pressure than before. Despite Bitcoin reaching new highs, CryptoQuant data shows that exchange inflows average 18,000 BTC, the lowest amount since April 2015. “Large holders are also reducing activity: the daily volume of BTC sent to exchanges in batches of 100+ BTC has dropped from 62K BTC on November 26, 2024, to just 7K BTC today,” CryptoQuant said Thursday. Bitcoin spot Exchange Traded Funds (ETFs) daily net inflow reached $1.18 billion on Thursday, the second-largest ever. Profit-taking may cause a quick trend reversal, so traders should be cautious. Downside targets include $115,112 tested as support on Friday and the previous all-time high at $111,890. Ethereum regains $3,000, XRP continues ascent Ethereum has broken $3,000, rising to $3,024 at press time. Its technical outlook is good, with the MACD indicator showing the July 2 buy signal. With institutional investor interest stable, ETH might rebound toward major goals around $3,229, which momentarily restricted price increase in November, and $3,530, which supported price movement in December. Like Bitcoin, XRP bulls have recaptured $2.60 support. The cross-border token remains popular among traders seeking exposure and banking on a breakthrough over $3.00 psychological barrier. #BTCBreaksATH #xrp #ETHBreaks3k $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/11/f308320dea1ec1066cf1dcfd681afc8c.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}