CryptMarket Analysis — 7-10-18
Bitcoin continues its historic rally, surging to a new all-time high above $125,000, driven by substantial spot ETF inflows of over $3.2 billion and robust institutional demand. This surge is further supported by global macroeconomic uncertainty, with capital rotation from gold into crypto accelerating the upside momentum. Analysts point to the convergence of investor confidence, liquidity, and technological advances as core drivers, with projections suggesting a rapid push to $135,000 and beyond is possible if current trends persist. However, there are signs of caution, such as profit-taking in major altcoins and declining network activity, hinting at speculative, leveraged participation rather than organic user growth. The broader crypto market remains highly optimistic in the short term, but traders should remain vigilant for volatility as macro events and regulatory headlines continue to develop.