Bitcoin (BTC) hit a new all-time high of $112,040 on July 9th. The data will be displayed.
The breakout arrived hours after President Donald Trump sent official tariff letters to seven countries, revealing up to 30% of the duties that will take effect on August 1.
According to Encryption Data, Bitcoin was trading at $111,238 at press time..
ETF bid offset classic risk-off impulse
Jag Kooner, head of derivatives at Bitfinex, said tariff headings usually cause “weak fairness, dollar strength and soft yields,” but argued that Crypto currently enjoys structural buffers that are not available in previous cycles.
He added to the note:
“The story of the Spot-ETF influx and sovereign hedge means that policy-driven dollar movements can be proactively fed back to crypto fees.”
Kooner also says that Bitcoin could “dip along with stocks at first,” but the existence of regulated funds positions assets “when bull catalysts line up, they’re bigger upside down.”
Farside Investors recorded a net inflow of $75.3 million in the US Spot Bitcoin ETF on July 8th, increasing the cumulative inflow to $49.9 billion since January.
The product absorbed an average of $134 million trading days per quarter this year, bolstering what Kooner called the “structural ETF support” floor.
Dollar Relief and Macro Calendar
The US Dollar Index has fallen by more than 14% since the start of the year, and what Cooner described as “delinquent relief” can amplify the crypto move when capital seeks stores that are worthless, non-sovereign.
Market Desk is currently watching consumer price printing in July and Senate votes on the Genius Act to ensure that liquidity situation remains benign.
Technical context and short-term level
Bitcoin merged between $105,000 and $110,500 for nearly seven weeks before penetrating the above boundary.
Kooner flags the nearest “refresh” support zone between $105,000 and $108,000 in the event of a macro shock, and clean closes above $112,000 on the daily chart “see low time frame uptrends.”
The placement of options echoes its display. Chicago’s commercial exchange data shows that open interest is skewed into July calls of $115,000 and $120,000, while the activity cluster is at $100,000.
Traders believe hedging hedging against potential downsides of ETF influx scenarios, which accelerate with each and every weakening of the dollar.
Bitcoin Market Data
When reporting 12:12 at UTC on July 10th, 2025Bitcoin ranks number one in terms of market capitalization, and the price is above 2.26% Over the past 24 hours. Bitcoin has a market capitalization 2.22 trillion dollars 24-hour trading volume $58.12 billion. Learn more about Bitcoin›
Overview of the Crypto Market
When reporting 12:12 at UTC on July 10th, 2025Crypto market totals are evaluated by $3.47 trillion There is a 24-hour volume $133 billion. Bitcoin’s advantage is currently underway 63.92%. Crypto Market Details›