By |Edited by
Updated Jul 13, 2025, 6:23 p.m. Published Jul 13, 2025, 4:23 p.m.
- According to CoinDesk Data price information, at 2:20 p.m. on Sunday, the bitcoin price set a new all-time high of $119,308, although since then it has dropped to $118,882, up 1.4% in the past 24-hour period.
- However, during the same 24-hour period, XLM and HBAR recorded 22% and 27% gains versus the dollar.
According to , at 2:20 p.m. UTC on Sunday, the bitcoin
price set a new all-time high of $119,308, up 1.4% in the past 24-hour period.
The new high in bitcoin price comes as President Donald Trump said late Friday on Truth Social that the U.S. will impose 30% tariffs against imports from the and
STORY CONTINUES BELOW
The new tariff headlines didn’t stop some bulls from already calling for much higher prices by the year-end. In a recent on CNBC, Fundstrat Capital CIO Thomas Lee said that the demand versus supply imbalance for BTC meant that its price could easily reach anywhere from $150,000 to $250,000 by the end of this year.
As of 4:11 p.m. UTC, bitcoin is trading at around $118,882, having risen 1.38% in the past 24 hours.
Meanwhile, on the same day, XLM rose as high $0.4815 (at 3:20 p.m. UTC), but currently it is trading at $0.4578, up 22% in the past 24 hours. XLM’s performance, although highly impressive, was not a huge shock since on Saturday, it surged 6% to $0.3880, outperforming the top 20 cryptocurrencies by market cap.
As for HBAR, its intraday high of $0.2516 was reached at 3:10 p.m. UTC, but it is currently trading at around $0.2439, up 27% in the past 24 hours, which makes it right now today’s top percentage gainer among the top 20 cryptocurrencies.
Crypto analyst Rekt Capital on X that HBAR’s recent 62% surge aligns closely with its 2021 price cycle, suggesting the token could be setting up for a similar breakout pattern. According to the analyst, HBAR has been tracking the 2021 structure “almost perfectly,” and any near-term pullback should be viewed as a potential retest with the goal of breaking above the current lower high resistance level.
The pseudonymous analyst also that a modest 2.5% dip in bitcoin’s market dominance has already fueled strong rallies across many altcoins. He noted that if such a small decline can trigger outsized altcoin moves, a more substantial drop in dominance — into double-digit territory —could significantly accelerate capital rotation into the altcoin market.
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
Top Stories
