Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Bitcoin Hits New All-Time High — Surges Over 4%, $120K Within Reach

Source Tradingkey

TradingKey – On Friday, July 11, Bitcoin (BTC) extended its rally, jumping 4.29% to an intraday high of $117,000, setting a fresh all-time record. At press time, BTC is trading at $115,550, with analysts eyeing a move toward $120,000.

Bitcoin -Price- Chart – Source: CoinMarketCap

Bitcoin Price Chart – Source: CoinMarketCap.

The breakout has lifted the broader crypto market:

Ethereum (ETH) surged over 6%
Ripple (XRP) gained more than 5%
Solana (SOL) rose over 4%

President Donald Trump celebrated the rally on social media, declaring that crypto prices have “blown through the ceiling.”

Bitcoin’s decisive move above the $112,000 resistance zone has fueled bullish sentiment. According to IG analyst Tony Sycamore, while the new high hasn’t yet sparked a full-blown breakout, there’s still room for BTC to climb toward $120K, especially if momentum holds.

Bitcoin- Price- Chart – Source-TradingView

Bitcoin Price Chart – Source: TradingView.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Hedera Price Analysis: HBAR defies $50B market dip as Nvidia confirms AI partnership Hedera maintains strength above $0.15, signaling investor confidence as NVIDIA’s AI integration boosts long-term bullish sentiment and breakout potential.

Author FXStreet

Apr 09, 2025

Hedera maintains strength above $0.15, signaling investor confidence as NVIDIA’s AI integration boosts long-term bullish sentiment and breakout potential.

Why are prediction market traders suddenly bearish on Nvidia's stock?Nvidia (NASDAQ: NVDA) stock is still green for 2026, but the trade no longer looks clean from the company that outperformed every other company and country in 2024 and 2025. NND is up about 12% this year, yet they have slipped roughly 3% over the past month. The gap with the rest of the chip...

Author Cryptopolitan

Jun 23, Tue

Nvidia (NASDAQ: NVDA) stock is still green for 2026, but the trade no longer looks clean from the company that outperformed every other company and country in 2024 and 2025. NND is up about 12% this year, yet they have slipped roughly 3% over the past month. The gap with the rest of the chip...

Alphabet’s AI Chip Surprise Revives Bull Case for Beaten-Down Semiconductor Stocks Alphabet (GOOGL) stock climbed about 3% on Monday. The trigger was a report from The Information that Google is building a new AI chip, called Frozen v2, to run its Gemini models up to 10 times more e

Author Beincrypto

Jul 21, Tue

Alphabet (GOOGL) stock climbed about 3% on Monday. The trigger was a report from The Information that Google is building a new AI chip, called Frozen v2, to run its Gemini models up to 10 times more e

What Crypto Whales Are Buying and Selling as August 2026 and the Fed Decision Near The best altcoins for August could hinge on one event, the Federal Reserve’s July 29 rate decision, with a possible interest rate hike on the table. That catalyst reprices risk assets, and whale walle

Author Beincrypto

Jul 29, Wed

The best altcoins for August could hinge on one event, the Federal Reserve’s July 29 rate decision, with a possible interest rate hike on the table. That catalyst reprices risk assets, and whale walle

Shiba Inu Price Prediction for August 2026 as SHIB Turns 6 Years Old Shiba Inu (SHIB) surged 28% last week before sellers rejected the rally at $0.00000548. The Shiba Inu price prediction for August 2026 now depends on the $0.00000446 support.Delayed Shibarium upgrades

Author Beincrypto

Jul 31, Fri

Shiba Inu (SHIB) surged 28% last week before sellers rejected the rally at $0.00000548. The Shiba Inu price prediction for August 2026 now depends on the $0.00000446 support.Delayed Shibarium upgrades

Popular Symbols