Bitcoin surged to a new record high—hovering between $118K and $118,800—on July 11, 2025. This bullish wave was driven by robust ETF inflows and anticipation over pivotal U.S. legislative action during Crypto Week.
Highlights & Market Moves:
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The price briefly topped $118,755 before settling near $116,800, significantly outperforming traditional benchmarks.
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Crypto miners and related equities posted strong gains: MicroStrategy, Riot, Hut 8, and Mara were all up ~2%–4% .
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Altcoins mirrored Bitcoin’s momentum—Ether surged to near $3,017, XRP and Solana followed suit .
Regulatory Catalyst:
The House will soon debate the Genius Act, Clarity Act, and Anti-CBDC Surveillance State Act during Crypto Week, sparking speculation that Washington is shifting from resistance to engagement.
Expert & Political Views:
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Jag Kooner: legislative engagement alone boosts sentiment.
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Dirk Willer, Citi: warns against premature labeling of Bitcoin as a safe-haven.
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Simon Peters, eToro: “risk of a fall in price or short‑term pullback still exists”.
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Senator Warren flagged industry-favoring regulation.
