Altcoins soar as Bitcoin tests $110K

• Altcoins like Uniswap and SPX see significant gains
• Bitcoin price today is close to $110
• HYPE hits new all-time high with strong appreciation

Wednesday, June 11, 2025 – Bitcoin’s price today, June 11, 2025, is $109.663, up slightly by 0,5% over the past 24 hours. The cryptocurrency continues to hover near the $110 mark, testing the resistance of that range after a recovery start to the week.

On Tuesday, the asset surpassed $110.500 for the first time in about two weeks before retreating slightly. The coin currently remains at a market cap of around $2,18 trillion, while its dominance in the sector has fallen to less than 61%.

This movement comes after a significant correction the previous week, influenced by the tension between Donald Trump and Elon Musk. At the time, the price of BTC fell below $100.500, but found support and rose again over the weekend, stabilizing in the range between $104.000 and $106.000 before testing higher levels again.

Analyst Michaël van de Poppe commented that Bitcoin’s chart is “ready for a breakout,” but he points out that it’s not easy to find a good entry point at this point. According to him, BTC faces “final resistance before a new all-time high, which is $110.500.” Van de Poppe points out that if the price drops to the $107.000 to $108.000 range, “a golden opportunity” to buy on the dip could arise.

The # Bitcoin chart is primed for a breakout, so it's hard to get a position in this one.

It's currently facing the final resistance before a new ATH, which is $110,500.

Therefore, if there's an opportunity around $107,000-108,000 to buy the dip, that would be a golden one. pic.twitter.com/Jeb1PM2mjD

- Michaël van de Poppe (@CryptoMichNL) June 11, 2025

Among altcoins, there are numerous highlights. Uniswap (UNI) leads the gains with a 16% appreciation in the last 24 hours, followed by SPX, which rose 15%. Other assets such as XDC, OP, A and ARB also registered double-digit advances, with gains between 11% and 13%.

The HYPE token continued its aggressive performance as it reached nearly $43, setting a new all-time high with a strong rally on Wednesday. Despite competition from other rising tokens, HYPE has maintained an impressive streak of highs in recent weeks.

Among the assets with the highest market capitalization, names such as AAVE, BCH, LINK, SOL and DOGE also showed strength, accumulating gains of up to 7%.

Ethereum reached $2.800 but encountered resistance and lost strength. XRP, on the other hand, continues to struggle to break above the $2,3 range, having not managed to break through this level so far.

With this joint movement, the total market value of cryptocurrencies rose by around US$50 billion in the last 24 hours, reaching approximately US$3,58 trillion.