Here are the top crypto news highlights for today, July 11, 2025:
1. Market Performance & Price Movements
- Bitcoin has surged past $111,000 and is on the brink of breaking its all-time record high. Some sources report it has even reached above $118,000.
- Ethereum has seen a significant jump, leading major cryptocurrencies with a 6% increase in value.
- Other top cryptocurrencies like XRP and Solana are also experiencing notable activity.
2. Regulatory & Policy Developments
- The U.S. is holding hearings on digital assets tax policy during what is being called "Crypto Week," signaling increased attention from regulators on the crypto sector.
- Chinese regulators have held meetings focused on stablecoins and the broader crypto market, coinciding with Bitcoin's rally.
3. Community & Industry Updates
- There is ongoing discussion and analysis in the crypto community about the evolution of blockchain technology, DeFi, NFTs, and new digital currencies.
- A notable event in the community: a long-term holder reportedly sold 10,000 BTC after 14 years, originally purchased at $0.78 per coin.