The post Omni Network skyrockets 180% as Bitcoin hits $118K: is $10 next? appeared on BitcoinEthereumNews.com.

Omni Network’s price soared 190% from $1.43 to $5.50. The token’s trading volume spiked 5,200% to $749 million, driven by Bitcoin’s breakout to a new all-time high above $118,000. Analysts say the altcoin season is looming, which could see the OMNI price eye $10 next. Omni Network surged a staggering 190% in a single day as the cryptocurrency market experienced a seismic shift, with Bitcoin smashing through $118,000 for another record high. Bitcoin’s gains saw the global crypto market capitalisation climb 6.2% to over $3.68 trillion. Meanwhile, an explosive rally across crypto saw $1.2 billion in liquidations. As OMNI eyes gain, there’s speculation of an impending altcoin season, and price may add on the surge to $5.40 seen earlier in the day. OMNI explodes, price nearly doubles Omni Network is a layer-1 blockchain focused on interoperability and has captured market attention with a staggering 190% price surge in the past 24 hours. The token skyrocketed from a low of $1.43 to an intraday high of $5.40, reflecting intense buying pressure. Omni Network price chart by CoinMarketCap Notably, the altcoin’s trading volume exploded by 5,200%, reaching over $749 million. This came as investors piled into the token amid the broader market rally. Omni Network’s growing relevance in the decentralized finance ecosystem helped bulls. Altcoin season? The broader crypto market continued its rally alongside Bitcoin, with total market capitalisation climbing to $3.68 trillion—a 6.2% increase over the past 24 hours. Altcoins posted strong gains, led by Sei and Ethena, each up 20%, and Cardano, which rose 11%. The moves suggest a rotation of capital within the ecosystem, fueling speculation that a broader altcoin season may be underway. Arthur Hayes, former CEO of BitMEX, said the market appears to be on the verge of an altcoin cycle. He cited Bitcoin’s rise on strong…

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Filed under: News - @ July 11, 2025 9:25 am