KEY TAKEAWAYS
- Bitcoin topped the $118,000 stage for the primary time, surpassing Thursday’s report because it continued to achieve from its growing adoption by corporations as a reserve asset and lawmakers passing pro-crypto laws.
- Bitcoin has now risen by greater than 1 / 4 this yr, outpacing the S&P 500’s rise of seven%.
- Ether, the second-largest cryptocurrency after Bitcoin, additionally rose and is at present buying and selling close to $2,950, persevering with its climb for the reason that Liberation Day tariffs in early April.
Bitcoin (BTCUSD) topped $118,000 for the primary time, surpassing Thursday’s report because it continued to achieve from corporations including it to their company treasuries and lawmakers passing pro-crypto laws.
Bitcoin earlier Friday reached $118,755 and is now buying and selling round $116,800.
Bitcoin has now risen by greater than 1 / 4 this yr, outpacing the S&P 500’s rise of seven% and surpassing the surge by AI darling Nvidia (NVDA), which Wednesday briefly handed the $4 trillion market worth milestone. Nvidia shares rose 1.3% in intraday buying and selling Friday and are up by virtually 1 / 4 in 2025.
Bitcoin was surging earlier this yr on retail buyers shopping for into ETFs however took successful, together with the broader inventory market, after President Donald Trump imposed his “Liberation Day” tariffs in April. Since then, the cryptocurrency has gained from a wave of corporations becoming a member of Technique (MSTR) in loading up on bitcoin.
Crypto has additionally gained elevated legitimacy with President Trump establishing a strategic bitcoin reserve and the Senate passing the GENIUS Act, a invoice that will allow personal corporations to difficulty stablecoins. These are cryptocurrencies with their worth tied on to a state-issued forex, usually the U.S. greenback.
Ether (ETHUSD), the second-largest cryptocurrency after Bitcoin, additionally rose and is at present buying and selling close to $2,950, persevering with its climb for the reason that Liberation Day tariffs in early April.
UPDATE—July 11, 2025: This text has been up to date with the newest crypto and share costs.
