By Bitcoin soared past $118,000 on July 11, 2025, marking a 26% year-to-date gain and nearly 41% climb since April. The surge reflects renewed investor interest, buoyed by Crypto Week in Washington—when the U.S. House will debate three major crypto bills.
Market Impacts:
- Equities bounce: Shares of MicroStrategy, Riot Platforms, Hut‑8, and Mara rallied between 2%–4%, fueled by spot ETF inflows.
- Altcoin momentum: Ether, XRP, and Solana posted strong gains—up to 12% for XRP.
- Crypto Market Cap: The crypto market cap surged to nearly $3.7T, driven by retail and institutional demand.
Regulatory Landscape:
- Bills like the Genius Act (stablecoin framework), Clarity Act, and Anti‑CBDC Surveillance State Act aim to define regulatory jurisdiction and boost trust.
- However, some experts caution that Bitcoin’s ascent as “digital gold” may be premature.
Risks Include:
- Despite rising institutional interest, Citi’s Dirk Willer cautions that the market could still experience sharp reversals due to lingering volatility.
- Senator Warren flagged concerns around potential political favoritism.