Поділитися цією статтею
Above $7.5K: Bitcoin Price Hits Highest Level Since August 2018
Bitcoin’s price rose above $7,500 on most exchanges for the first time today in over 9 months marking a resurgence of the crypto bull market.
Автор Sebastian Sinclair
Bitcoin’s price rose above $7,500 Sunday for the first time in over nine months, a move that marked a resurgence in the crypto market at large.
The world’s largest cryptocurrency by market capitalization, which accounts for more than half of all the total cryptocurrency market, jumped to $7,577 at 13:36 GMT – the highest price since August 2, 2018, according to CoinDesk's Bitcoin Price Index (BPI).
STORY CONTINUES BELOW
Не пропустіть жодної історії.Підпишіться на розсилку Crypto Daybook Americas вже сьогодні. Переглянути всі розсилки
The surge, however, seems to have slightly cooled off thereafter, with the price currently trading at $7,100, suggesting the market considered the asset overbought.
The move to nine-month highs has come a day after the last remnants of bearish sentiment were snuffed out, and the trend appeared to switch to a long-term bull market. Notably, the price rally was also accompanied by a surge in 24-hour trading volumes to a record high of $29.33 billion, according to data from CoinMarketCap.
However, its “Real 10” volume – a metric that takes into account trading volume from exchanges reporting honest volume figures as identified in a report by Bitwise Asset Management – currently stands at $1.87 billion, according to Messari.io.
Further, still, bitcoin’s dominance rate, a measure of its market share versus that of other cryptocurrencies, has hit a 17-month high of 59 percent, indicating the broader market has lagged the recent bitcoin price rally.
But bitcoin's dominance rate may drop in the coming days, as the alternative cryptocurrencies are beginning to show signs of life, with names like bitcoin cash, tezos and bitcoin gold flashing double-digit gains at press time.
Meanwhile, other highly ranked cryptocurrencies like litecoin, EOS, XRP, and Binance coin have gained 6 to 9 percent each on a 24-hour basis, according to CoinMarketCap.
What's more, the total market capitalization has risen to a six-month high of $219 billion, while the market capitalization of altcoins has witnessed a flag breakout – a bullish continuation pattern – indicating better days ahead for the alternative cryptocurrencies in general.
Disclosure: The author holds no cryptocurrency at the time of writing.
Більше для вас
Що варто знати:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Що варто знати:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
