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Wall Street Breakfast

Bitcoin blasts past $117K

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 11 July 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Bitcoin (BTC-USD) hits all-time high of $117K as crypto rally gains momentum. (00:21) DOJ clears path for T-Mobile's (TMUS) $4.4B acquisition of UScellular assets, closes antitrust probe. (01:16) Trump slaps 35% levy on Canada, warns further hikes if Ottawa retaliates. (02:57)

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:08.0

Thanks for joining us on this Friday, July 11th. I'm Julie Morgan. BTC sets a new record.

0:15.0

Regulators back off of T-Mobile and the president issues a trade warning to Ottawa.

0:21.7

Bitcoin surged to a new all-time high on Friday, fueled by growing institutional interest

0:27.3

and supportive signals from the Trump administration.

0:30.7

The world's largest cryptocurrency by market cap climbed to a peak of $117,787.70 during the Asian trading session on Friday.

0:42.0

Ether, the world's second largest cryptocurrency rose 2.3% to $3,019.8.

0:49.6

Other notable crypto gainers included Celestia, Uniswap, Avalanche, and Dogecoin U.S.D, all rising 4.7, 5.5, 2.4, and 2.8% respectively.

1:03.2

The rally marks a nearly 26% gain for Bitcoin so far this year, as investors respond to renewed optimism around regulatory clarity

1:13.3

and digital asset adoption. The DOJ's antitrust division said Thursday that it is closing its

1:20.4

investigation and will not move to block plans for T-Mobile to acquire U.S. cellular. The deal was

1:26.6

originally announced in May of 2024.

1:29.0

The announcement comes just one day after Team Mobile U.S. revealed it would be discontinuing its

1:35.5

diversity, equity, and inclusion programs following pressure from the Trump administration

1:41.0

as the company pursued regulatory approval for the U.S. cellular deal

1:45.5

and sought FCC clearance for a joint venture to acquire internet service provider MetroNet.

1:52.0

Gail Slater, the head of the DOJ's antitrust division said in a statement that customers

1:57.1

would be better off with T-Mobile. President Trump announced a 35% tariff on Canada and warned about further hikes if

2:05.9

Ottawa decides to retaliate. These tariffs were addressed in a letter to Canadian Prime

2:11.3

Minister Mark Carney and shared on truth social. The measure will take effect on August 1st,

2:17.1

according to a letter posted on Thursday.

2:19.1

The 35 percent duty is a setback for Carney who was trying to reach a trade agreement with Washington,

...

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