Bitcoin hit this new all-time high on July 11, setting off a general boom throughout the entire cryptocurrency market. News Altcoins down Ethereum breaks through major resistance. Ethereum and alternative cryptocurrencies such as Dogecoin, Stellar, Cardano and XRP posted major gains today. This positive sentiment was not limited to the infrastructure builders – AI tokens more than doubled in market cap.
Bitcoin's Record-Breaking Performance
The cryptocurrency registered a new all-time high of $118,287.46 on March 2, representing a 3.3% rise in the last 24 hours. This was a significant milestone and has increased confidence across the crypto markets, spurring broader investor interest in other digital assets. Bitcoin’s strength or lack thereof will always be a bellwether for the rest of the market, suggesting the direction altcoins will take and whether or not new sectors will emerge.
Altcoins Lead the Charge
Stellar led the charge with a stunning 24.3% breakout over the past 24 hours, pushing its price to over $0.37. Dogecoin made impressive waves, recently clinging to the $0.2086 support, marking a 12.6% increase during the same time frame. Cardano and XRP were both up more than 10%, signaling a broader altcoin appreciation trend as bulls recommenced their attack. Ethereum climbed above $3,000 for the first time since February 2. Currently, it’s trading just under that mark at $2,987.55, up 6.1% daily.
AI Tokens and Emerging Trends
Equity-linked AI tokens have managed to join in on the bullish run, contributing an average of 10.9% as gains. Story’s (IP) 32% increase was the most impressive of that group. Hyperliquid saw yet another ATH at $46.45, with an 8.3% price rise. These trends reflect an increasing demand for specialized sectors in the crypto industry, fueled by technological innovation and wider adoption.
