Crypto Market Rallies; BTC Hits New All-Time High, ETH Nears $2,800

On July 10, according to data from SoSoValue, the crypto market surged across the board with sector-wide gains ranging from 2% to 7%. Bitcoin ($BTC) rose 2.35% over the past 24 hours, reaching a new all-time high of $112,000. Ethereum ($ETH) jumped 6.69%, approaching the $2,800 level. The Meme sector led the rally with a 6.81% gain, as SPX6900 ($SPX) rose 12.25%, dogwifhat ($WIF) climbed 13.96%, and MemeCore (M) skyrocketed 58.65%.

Among index performances, MAG7.ssi gained 4.16%, MEME.ssi rose 5.50%, and DEFI.ssi climbed 5.47%.

Other standout sectors included the AI sector, which gained 6.53%, led by Virtuals Protocol (VIRTUAL) and ai16z (AI16Z) up 10.64% and 12.70%, respectively. The GameFi sector added 6.45%, with GALA and ImmutableX (IMX)rising 8.68% and 9.40%. The Layer2 sector advanced 6.23%, with Celestia (TIA) up 7.73% and Optimism (OP) up 8.69%.

Additional gains were seen in the PayFi sector, up 5.40%, led by Stellar (XLM) which surged 13.93%. The DeFi sectorrose 5.02%, with Ethena (ENA) gaining 11.13%. The Layer1 sector increased 3.62%, with Sui (SUI) up 8.41%. The CeFi sector climbed 1.76%, with Hyperliquid (HYPE) up 6.46%.

Crypto sector indices reflecting historical performance showed 24-hour increases of 6.80% for ssiGameFi, 6.60% for ssiAI, and 6.41% for ssiLayer2.