Investing

Crypto price recap: BTC hits $112k and ETH eyes breakout as PENGU, WIF surge

The cryptocurrency market exhibited a decent uptrend during the Asian session on July 10, 2025, as investor sentiment improved amid positive news. 

Bitcoin (BTC) reached a new all-time high above $112,000, while Ethereum (ETH) surpassed the $2,800 mark, catalyzing gains across the altcoin sector. 

Notable performers included Pudgy Penguins (PENGU), which soared 31%, and Dogwifhat (WIF), up 13%, alongside Stellar (XLM), Ethena (ENA) and Sui (SUI).

Trading saw over $500 million in 24-hour liquidation, while market cap rose 2.4% to $3.46 trillion and daily volume reached $146 billion, up 45%.

Bitcoin rallies to new all-time high above $112k

Bitcoin’s price surged to a record high of $112,014, as reported by CryptoQuant.com.

The gains are largely fueled by substantial U.S. investor demand, which has the Coinbase Premium Gap climbing.

The breakout was supported by increased ETF trading volumes and positive adoption news.

Bulls now have fresh support at $110,000, with analysts suggesting a potential short-term surge past $115,000 to $120,000.