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Despite the volume increase, Bitcoin Ordinals are unlikely to close July above the $100 million threshold in with the rhythm displayed currently.
Gino Matos 3 min read 
Hyperbitcoinization looms as Bitcoin climbs financial ranks with sovereign and corporate backing.
Bitcoin's ascent captures the spotlight of global liquidity dynamics amid the weakning US dollars and faltering traditional assets.
The record comes amid US-traded spot Bitcoin ETFs touching $1.2 billion in inflows on July 10.
Along with major cap altcoins, tokens related to NFT applications and artificial intelligence also posted significant gains in the past 24 hours.
The rise in Ethereum futures signals a shift in capital flows and growing institutional appetite for ETH.
Former BitMEX CEO predicts Ethereum to outshine Bitcoin in potential "monster alt season."
Long-term holders continue to add to balances, with supply growth outpacing miner issuance, reflecting a preference to hold coins until a clear price move occurs.
ETF inflows and dollar weakness fuel Bitcoin's climb to new highs, driving $50 million in liquidations in less than an hour.
