Bitcoin (BTC) raced past its previous high of $111,980 on Wednesday and has entered price discovery mode at the time of publication. The new record marks the third time the top cryptocurrency has established an all-time high in 2025, following new highs on January 20 and May 22.
Ethereum (ETH) rallied past $2,700 alongside the broader cryptocurrency market on Wednesday, notching a 5% gain following Bitcoin’s (BTC) surge to a record high near $112,000. The rise in the market underscores Bitcoin’s strong correlation with top cryptocurrencies.
Cryptocurrency market sentiment improves as Bitcoin (BTC) reaches a new all-time high, catalyzing a sharp recovery in meme coins such as Dogwifhat (WIF), SPX6900 (SPX), alongside the cross-border payment token Stellar (XLM). Altcoins WIF, SPX, and XLM outpace the broader crypto market with double-digit gains in the last 24 hours, while the technical outlook suggests enough fuel in the tanks to extend gains.
