{"id":3336,"date":"2025-08-11T17:27:25","date_gmt":"2025-08-11T17:27:25","guid":{"rendered":"https:\/\/moderncryptotrader.com\/index.php\/2025\/08\/11\/crypto-market-update-bitcoin-nears-all-time-high-price-bullish-targets-us4-82b-ipo-valuation\/"},"modified":"2025-08-11T17:27:25","modified_gmt":"2025-08-11T17:27:25","slug":"crypto-market-update-bitcoin-nears-all-time-high-price-bullish-targets-us4-82b-ipo-valuation","status":"publish","type":"post","link":"https:\/\/moderncryptotrader.com\/index.php\/2025\/08\/11\/crypto-market-update-bitcoin-nears-all-time-high-price-bullish-targets-us4-82b-ipo-valuation\/","title":{"rendered":"Crypto Market Update: Bitcoin Nears All-Time High Price, Bullish Targets US$4.82B IPO Valuation"},"content":{"rendered":"<\/p>\n

Here’s a quick recap of the crypto landscape for Monday (August 11) as of 9:00 a.m. UTC.<\/strong><\/p>\n

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n<\/p>\n

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Bitcoin and Ethereum price update <\/h3>\n

Bitcoin (BTC) <\/strong>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. <\/p>\n<\/div>\n

<\/small><\/p>\n

Bitcoin price performance, August 11, 2025.<\/em><\/p>\n

<\/small><\/p>\n

Chart via TradingView<\/p>\n

Ethereum (ETH)<\/strong> 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.<\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n
    \n
  • Solana (SOL)<\/strong> 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.<\/li>\n<\/ul>\n
      \n
    • XRP<\/strong> 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. <\/li>\n<\/ul>\n
        \n
      • Sui (SUI)<\/strong> 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. <\/li>\n<\/ul>\n
          \n
        • <\/span>Cardano (ADA)<\/strong> 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. <\/li>\n<\/ul>\n<\/div>\n
          \n

          Today’s crypto news to know <\/h3>\n

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          Bitcoin holds near record highs as crypto stocks rally<\/h4>\n

          Bitcoin traded above US$120,000 on Monday, keeping close to its all-time high and fueling gains in publicly traded crypto-related companies. <\/p>\n

          Strategy, Coinbase, and Robinhood all advanced in premarket trading, rising between 2 and 3 percent. <\/p>\n

          The rally followed last week\u2019s executive order from former President Donald Trump, which directed federal agencies to explore ways for workers to include cryptocurrency in 401(k) retirement plans. <\/p>\n

          The order asks the Treasury, Labor Department, and SEC to identify regulatory changes that would reduce barriers for employers offering digital asset options. <\/p>\n

          Bullish aims for US$4.82B valuation in upsized IPO<\/h4>\n

          Crypto exchange Bullish has increased the size of its planned IPO, now targeting a valuation of up to US$4.82 billion. <\/p>\n

          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.<\/p>\n

          The exchange said it will convert a significant portion of IPO proceeds into U.S.-dollar-backed stablecoins through partnerships with token issuers. <\/p>\n

          BlackRock-managed funds and Cathie Wood\u2019s ARK Investment have shown interest in purchasing up to US$200 million of shares. <\/p>\n

          Bullish is expected to price the offering on Tuesday and debut on the NYSE under the ticker \u201cFLY\u201d the next day.<\/p>\n

          El Salvador targets wealthy investors with new Bitcoin banking law<\/h4>\n

          El Salvador has approved a new Investment Banking Law designed to attract institutional and high-net-worth crypto investors. <\/p>\n

          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 \u201csophisticated investor\u201d criteria, including at least US$250,000 in liquid assets and advanced financial knowledge. <\/p>\n

          These banks will be allowed to issue bonds, structure public\u2013private projects, and offer digital asset products. <\/p>\n

          Lawmakers say the changes aim to position the country as a regional financial hub and draw in foreign private capital. <\/p>\n

          The move comes as President Nayib Bukele consolidates political power through constitutional reforms extending presidential terms and removing term limits. <\/p>\n

          While the IMF agreement requires no public Bitcoin purchases, blockchain data suggests El Salvador\u2019s Bitcoin holdings have grown to about 6,264 BTC, worth roughly US$739 million.<\/p>\n<\/div>\n

          Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

          Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n<\/p>\n

          This post appeared first on investingnews.com<\/div>\n

          <\/p>\n","protected":false},"excerpt":{"rendered":"

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