{"id":81211,"date":"2025-07-16T09:01:08","date_gmt":"2025-07-16T09:01:08","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=81211"},"modified":"2025-07-16T09:01:08","modified_gmt":"2025-07-16T09:01:08","slug":"bitcoin-price-eyes-119k-ethereum-surges-to-5-month-peak-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=81211","title":{"rendered":"Bitcoin Price Eyes $119K, Ethereum Surges to 5-Month Peak: Market Watch"},"content":{"rendered":"

Bitcoin\u2019s somewhat expected correction drove the asset to under $116,000 yesterday, but it has managed to bounce off and now sits close to $119,000.<\/p>\n

Many altcoins have posted impressive gains over the past day, led by Ethereum\u2019s 6% surge to a five-month high.<\/p>\n

BTC Eyes $119K<\/h2>\n

The primary cryptocurrency\u2019s historic ascent began last Wednesday. At the time, it was confined in a tight range with an upper boundary of $110,000, which managed to contain the asset during a few breakout attempts.<\/p>\n

However, the bulls took charge on Wednesday evening and pushed through it to a new all-time high of $112,000. The gains continued in the following 48 hours, and BTC topped at almost $119,000. Following a relatively quiet weekend, bitcoin jumped further on Monday and registered its latest ATH of just over $123,000<\/a>.<\/p>\n

After skyrocketing by $15,000 in five days, the asset was due for a cool-off, which took place<\/a> yesterday. Amid billions of realized profits<\/a>, shaky US CPI data<\/a>, and some uncertainty in the global political scene, bitcoin slipped by several grand and dipped below $116,000.<\/p>\n

It has reacted well following this decline and has recovered almost $3,000. It now sits close to $119,000, with a market capitalization of $2.360 trillion. Its dominance over the alts, though, has taken a hit and is down to 61.7% as many altcoins have produced bigger gains.<\/p>\n

<\/a>BTCUSD. Source: TradingView<\/p>\n

ETH Leads the Alts\u2019 Rally<\/h2>\n

As mentioned above, many altcoins have outperformed BTC on a daily scale. Ethereum is among the leaders, as it has pumped by more than 6% and now sits at over $3,150<\/a> for the first time in over five months. LINK, SHIB, TON, PEPE, AAVE, and TAO have marked similar gains.<\/p>\n

XRP<\/a> has neared the crucial resistance at $3 after a 3.5% daily jump, while BNB has closed the gap to $700. SOL, DOGE, ADA, XLM, and SUI are also in the green, albeit in a more modest manner.<\/p>\n

The total crypto market cap has recovered roughly $100 billion since yesterday\u2019s low and is up to $3.830 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post Bitcoin Price Eyes $119K, Ethereum Surges to 5-Month Peak: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s somewhat expected correction drove the asset to under $116,000 yesterday, but it has managed to bounce off and now sits close to $119,000. Many altcoins have posted impressive gains over the past day, led by Ethereum\u2019s 6% surge to a five-month high. BTC Eyes $119K The primary cryptocurrency\u2019s historic ascent began last Wednesday. At […]<\/p>\n","protected":false},"author":0,"featured_media":81212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81211"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81211"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/81212"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}