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 Might 22, TradingView information reveals.
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 accordance with CryptoSlate information, 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 often spark “fairness weak spot, greenback power and softer yields,” however argued that crypto now enjoys structural buffers unavailable in prior cycles.
He added in a notice:
“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 “higher upside when bullish catalysts align.”
Farside Buyers recorded $75.3 million of internet 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 day by day chart “confirms the up-trend on decrease timeframes.”
Choices positioning echoes that view. Chicago Mercantile Trade information 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 in opposition to potential draw back for ETF influx eventualities that speed up every time macroeconomic information weakens the greenback.
On the time of press 9:15 pm UTC on Jul. 9, 2025, Bitcoin is ranked #1 by market cap and the worth is up 2.36% over the previous 24 hours. Bitcoin has a market capitalization of $2.21 trillion with a 24-hour buying and selling quantity of $52.11 billion. Study extra about Bitcoin ›
On the time of press 9:15 pm UTC on Jul. 9, 2025, the entire crypto market is valued at at $3.46 trillion with a 24-hour quantity of $121.02 billion. Bitcoin dominance is at the moment at 64.03%. Study extra in regards to the crypto market ›
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