Here’s a quick recap of the crypto landscape for Friday (July 11) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ethereum price update
Bitcoin (BTC) is priced at US$118,008 a 6.3 percent increase in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$110,768 and a high of US$118,667.
Bitcoin price performance, July 11, 2025.
Chart via TradingView
Ethereum (ETH) is priced at US$3,003.27, up by 7.4 percent over the past 24 hours. Its lowest valuation as of Friday was US$2,767.71, and its highest was US$3,027.12.
Altcoin price update
- Solana (SOL) was priced at US$163.68, up by 5.3 percent over 24 hours. Its lowest valuation as of Friday was US$156.41, and its highest was US$166.09.
- XRP was trading for US$2.59, up 10 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.43, and its highest was US$2.69.
- Sui (SUI) is trading at US$3.50, up by 7.9 percent over the past 24 hours. Its lowest valuation was US$3.22 and its highest was US$3.54.
- Cardano (ADA) is priced at US$0.7123, up by 18.4 percent in the last 24 hours. Its lowest valuation as of Friday was US$0.6233, and its highest was US$0.7521.
Today’s crypto news to know
Bitcoin hits US$118,000 as ETF inflows surge and US crypto legislation advances
Bitcoin shattered previous records by surging past US$118,000 this week, with bullish momentum sustained by large inflows into spot bitcoin ETFs and favorable policy signals from Washington.
The world’s largest cryptocurrency jumped over 7 percent Friday, closing in on US$119,000 as investors cheered bipartisan Senate passage of the GENIUS Act—a bill that would establish regulatory guardrails for stablecoins.
Market optimism is also supported by a softer US dollar and the Trump administration’s overt crypto friendliness.
The GENIUS Act would codify requirements for fiat-pegged stablecoins, offering investor protections while legitimizing the sector in the eyes of institutional capital. ETFs tracking Bitcoin have posted record volumes, drawing billions in net inflows.
Bitcoin is now up over 26 percent year-to-date, with total crypto market capitalization nearing US$3.5 trillion.
Analysts expect next week’s “crypto week” in Congress to further catalyze sentiment, as lawmakers debate multiple digital asset bills.
Trump-linked WLFI Token gets US$100M buy from anonymous entity
A little-known group called Aqua 1 Foundation became the largest public investor in Donald Trump’s World Liberty Financial (WLFI) crypto token, buying US$100 million worth of tokens in late June.
According to Reuters, though the foundation says it is based in the UAE, public records offered no clarity on the group’s financial backers or its supposed founder Dave Lee.
The token purchase directly benefits the Trump family, which reportedly receives 75 percent of all WLFI proceeds; the family’s estimated crypto earnings have now topped US$500 million.
While Aqua 1 said in a brief statement it was backed by ‘mission-aligned partners,’ it declined to offer transparency on its structure, citing privacy. US ethics experts have raised concerns over potential conflicts of interest, despite the White House stating Trump’s assets are in a trust managed by his children.
World Liberty and Trump Media did not respond to press inquiries.
EU regulator warns crypto firms over misleading investors
The European Securities and Markets Authority (ESMA) warned crypto platforms against blurring the distinction between regulated and unregulated products under MiCA, the EU’s new crypto framework.
ESMA said that many crypto firms are offering both compliant and non-compliant services on the same platform, creating investor confusion and undermining MiCA’s consumer protections.
Under MiCA, only firms licensed as crypto asset service providers (CASPs) are allowed to market specific financial products across the EU.
However, direct investments in commodities or crypto lending still fall outside the scope of those protections. ESMA also criticized some firms for using their regulated status as a marketing tactic to legitimize riskier services.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.