❓ Why Is Crypto Pumping Today? 🎲
On July 9, Bitcoin hit a new ATH of $112,025 on Bybit, triggering a market-wide rally! 🔥
💰 Key reasons behind the pump:
1️⃣ $218.000M ETF inflow → $BTC spot ETFs now crossed $50.000B in cumulative inflows!
2️⃣ Short squeeze! $111,500.000 was the liquidation magnet — $660.000M in buying pressure hit in just 1 minute.
3️⃣ Altcoin surge:
– $ETH +6% to $2,800.000 (🐋 Whales bought $358.000M)
– $SUI +9%
– $SOL +2.5%
– $ADA +4%
– $XLM, HBAR, TAO & HYPE also gained 5–6% 🌈
🐶 Memecoins led the charge again:
– POPCAT, WIF, and USELESS posted double-digit gains
– Memes averaged +10%, outperforming Layer 2s & DeFi 🏆
📊 What’s next?
Eyes on U.S. inflation data (July 15) 📅
🧠 Markets are now pricing in a possible Fed rate cut in September (chances dropped from 90% to 70%).
#Bitcoin #CryptoNews #Altcoins #$BTC #$ETH #Memecoins #DeFi #$XLM