Here’s a quick recap of the crypto landscape for Monday (August 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) was priced at US$119,577, down by 0.9 percent over the last 24 hours. Its lowest valuation on Monday was US$118,199, while its highest valuation was US$122,227.
Bitcoin price performance, August 11, 2025.
Chart via TradingView
Ethereum (ETH) was priced at US$4,179.19, down by 0.6 percent over the past 24 hours and its highest valuation of the day. Its lowest valuation on Friday was US$4,174.03 and its highest was US$4,332.73.
Altcoin price update
- Solana (SOL) was priced at US$178.34, down by 0.8 percent over 24 hours and its lowest valuation for the day so far. Its highest was at US$186.35.
- XRP was trading for US$3.20, up by 0.3 percent in the past 24 hours. Its lowest valuation of the day was US$3.16, and its highest price was US$3.31.
- Sui (SUI) was trading at US$3.71, down by 2.9 percent over the past 24 hours. Its lowest valuation of the day was US$3.72, and its highest was US$3.97.
- Cardano (ADA) was trading at US$0.787, down by 1.2 percent over 24 hours. Its lowest valuation on Monday was US$0.7862, and its highest was US$0.8322.
Today’s crypto news to know
Bitcoin holds near record highs as crypto stocks rally
Bitcoin traded above US$120,000 on Monday, keeping close to its all-time high and fueling gains in publicly traded crypto-related companies.
Strategy, Coinbase, and Robinhood all advanced in premarket trading, rising between 2 and 3 percent.
The rally followed last week’s executive order from former President Donald Trump, which directed federal agencies to explore ways for workers to include cryptocurrency in 401(k) retirement plans.
The order asks the Treasury, Labor Department, and SEC to identify regulatory changes that would reduce barriers for employers offering digital asset options.
Bullish aims for US$4.82B valuation in upsized IPO
Crypto exchange Bullish has increased the size of its planned IPO, now targeting a valuation of up to US$4.82 billion.
The firm plans to raise as much as US$990 million by selling 30 million shares priced between US$32 and US$33 each, a higher range than its previous filing but still below its US$9 billion target in a failed 2021 SPAC merger.
The exchange said it will convert a significant portion of IPO proceeds into U.S.-dollar-backed stablecoins through partnerships with token issuers.
BlackRock-managed funds and Cathie Wood’s ARK Investment have shown interest in purchasing up to US$200 million of shares.
Bullish is expected to price the offering on Tuesday and debut on the NYSE under the ticker “FLY” the next day.
El Salvador targets wealthy investors with new Bitcoin banking law
El Salvador has approved a new Investment Banking Law designed to attract institutional and high-net-worth crypto investors.
Licensed investment banks with at least US$50 million in capital will be able to provide Bitcoin and other digital asset services, but only to clients meeting “sophisticated investor” criteria, including at least US$250,000 in liquid assets and advanced financial knowledge.
These banks will be allowed to issue bonds, structure public–private projects, and offer digital asset products.
Lawmakers say the changes aim to position the country as a regional financial hub and draw in foreign private capital.
The move comes as President Nayib Bukele consolidates political power through constitutional reforms extending presidential terms and removing term limits.
While the IMF agreement requires no public Bitcoin purchases, blockchain data suggests El Salvador’s Bitcoin holdings have grown to about 6,264 BTC, worth roughly US$739 million.
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.
