Bitcoin (BTC) reached a brand new all-time excessive of $112,040 on July 9, edging above the earlier intraday peak of $111,917.37 recorded on Could 22, TradingView knowledge exhibits.
The breakout arrived hours after President Donald Trump dispatched formal tariff letters to seven nations, unveiling duties of as much as 30% that take impact Aug. 1.
In keeping with CryptoSlate knowledge, Bitcoin was buying and selling at $111,238 as of press time, up 2.4% over the previous day.
ETF bid offsets traditional risk-off impulse
Jag Kooner, head of derivatives at Bitfinex, stated the tariff headline would normally spark “fairness weak point, greenback power and softer yields,” however argued that crypto now enjoys structural buffers unavailable in prior cycles.
He added in a observe:
“Spot-ETF inflows and the sovereign-hedge narrative imply any policy-driven greenback transfer can feed again into crypto charges positively.”
Kooner additionally stated that Bitcoin could “dip initially alongside equities,” but the presence of regulated funds positions the asset for “better upside when bullish catalysts align.”
Farside Traders recorded $75.3 million of web inflows into US spot Bitcoin ETFs on July 8, lifting cumulative inflows to $49.9 billion since January.
The merchandise have absorbed a median $134 million per buying and selling day this quarter, reinforcing what Kooner known as a “structural ETF help” flooring.
Greenback aid and macro calendar
The US Greenback Index has fallen greater than 14% year-to-date, giving what Kooner described as “some overdue aid” that may amplify crypto strikes when capital seeks non-sovereign shops of worth.
Market desks now watch July’s shopper value print and a Senate vote on the GENIUS Act for affirmation that liquidity situations will keep benign.
Technical context and near-term ranges
Bitcoin spent practically seven weeks consolidating between $105,000 and $110,500 earlier than piercing the higher boundary.
Kooner flags $105,000–$108,000 as the closest “refresh” help zone ought to a macro shock emerge, whereas a clear shut above $112,000 on the every day chart “confirms the up-trend on decrease timeframes.”
Choices positioning echoes that view. Chicago Mercantile Change knowledge point out that open curiosity is skewed towards the $115,000 and $120,000 July calls, whereas put exercise clusters at $100,000.
Merchants attribute the bullish skew to advisers hedging towards potential draw back for ETF influx situations that speed up at any time when macroeconomic information weakens the greenback.
The put up Bitcoin hits contemporary all-time excessive above $112k as merchants parse new US tariff shock appeared first on CryptoSlate.