Wall Street Breakfast Bitcoin blasts past $117K
Jul 11, 2025
Bitcoin skyrockets to an all-time high of $117K, driven by institutional interest and favorable political signals. Meanwhile, a new 35% tariff on Canada causes ripples in trade talks and stirs concerns over retaliation. Exciting developments also include Tesla's plans to test robotaxis in Phoenix and potential presidential announcements regarding international sanctions. Overall, the crypto market is buzzing with energy and uncertainty!
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Bitcoin Sets New Record High
- Bitcoin surged to a new all-time high near $118K fueled by institutional interest and regulatory clarity.
- The rally represents a 26% gain in 2024, signaling strong investor optimism about digital asset adoption.
DOJ Approves T-Mobile Deal
- The DOJ closed its probe into T-Mobile's $4.4 billion acquisition of US Cellular assets, approving the deal.
- This decision followed T-Mobile dropping diversity programs amid regulatory pressures related to the deal.
Trump Imposes High Tariffs on Canada
- President Trump imposed a 35% tariff on Canada, threatening higher tariffs if Canada retaliates.
- The tariff targets encourage manufacturing in the US except for some carve-outs in energy and fertilizers.