Bitcoin surged to a new all-time high of $118,339.82 on July 11, 2025, driven by $1.2 billion in ETF inflows and $570 million in short liquidations. The cryptocurrency market experienced a significant rally, with Ethereum also rising 8.76% to $3,024.90, supported by whale accumulation and short covering. XRP increased by 6.55% to $2.58, as optimism grew over a potential settlement in the Ripple vs. SEC case. The total cryptocurrency market capitalization rose by 5.24% to $3.65 trillion, with trading volumes increasing by 47.14% to $208.23 billion. The market's bullish momentum is further bolstered by upcoming U.S. regulatory discussions set for July 14.