What happened in the crypto market while everyone was asleep — overview from April 11

Another executive order from Trump simplified the activities of the crypto industry in the USA, Helium escaped the scrutiny of the SEC, and New Hampshire and Florida moved closer to creating a cryptocurrency reserve — these and other cryptocurrency news from the morning of April 11 in our review.

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Behavior of cryptocurrencies — capitalization leaders

Bitcoin BTCUSD, according to TradingView, started Friday with a slight rise. As of 06:47 (MSK), the cryptocurrency is trading at $80,783 ( per token in rubles — RUB 6,741,638). The minimum bitcoin price in 24 hours was $78,456, and the maximum was $82,338.

The second largest cryptocurrency by market capitalization, Ethereum, also started the day with a rise. As of the time of writing this review, the coin is trading at $1,546 (1 tokens in rubles — RUB 128,810).

In the top 10 most capitalized cryptocurrencies, the best result for the day is with Cardano (+1.85%), for the week it is with Solana (+0.07%). The largest losses over 24 hours (-4.33%) and for the week (-13.96%) are with Ethereum.

In the top 100 most capitalized cryptocurrencies, the best result over the past day is (+70.34%) and for the week (+120.26%), recorded by Onyxcoin. Over the last 24 hours, the one that lost the most value was Flare (-7.71%). The largest losses for the week were recorded for EOS (-23.32%).

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Main cryptocurrency news of the morning April 11

U.S. President Donald Trump signed a resolution that cancels the controversial rule for cryptocurrencies adopted at the end of Joe Biden’s presidency. This information was shared by Congressman Mike Carey.

The rule required crypto custodial brokers to collect and report user data to the IRS. In March, the Senate and the House of Representatives voted to repeal it. Trump signed the bill.

The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Nova Labs, the developer of the decentralized network Helium. This information appeared in the project’s blog.

The lawsuit was filed in January 2025 and was one of the last actions of the SEC under the leadership of former chairman Gary Gensler. It concerned allegations of violations of securities laws due to the issuance of Helium tokens. Previously, BeInCrypto reported on other instances where the Commission dropped claims against crypto projects.

In New Hampshire and Florida, bills to create reserves in bitcoins have moved closer to implementation. Both bills have received support in local legislative bodies.

On April 10, the New Hampshire House of Representatives approved the bill HB302, which will now be considered by the Senate. It will allow the state treasurer to invest 10% of the general fund in precious metals and digital assets, including bitcoin. In Florida, the Insurance and Banking Committee also voted for the bill HB487, which will enable the investment of up to 10% of state funds in bitcoin.

Earlier, the editors of BeInCrypto told how the crypto market reacted to the long-awaited Trump pump.