On July 10, 2025, the cryptocurrency market saw significant volatility, leading to substantial liquidations. Over 114,000 traders faced liquidation, resulting in losses exceeding $527 million. The majority of these losses, approximately $463 million, stemmed from short positions. (Source: Reuters, July 10, 2025)
Bitcoin's price reached $111,038, marking a 2.03% increase from the previous close. Ethereum rose by 6.23% to $2,775.91, and XRP increased by 3.85% to $2.43. The total global crypto market capitalization hit $3.31 trillion. (Source: Reuters, July 10, 2025)
The rally was fueled by favorable macroeconomic signals, institutional adoption, and rising liquidity. In March 2025, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve. The SEC's approval of Grayscale's ETF proposal in July 2025 further boosted market sentiment. (Source: Reuters, July 10, 2025)