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Bitcoin surged to a brand new all-time excessive above $112k, buoyed by report inflows into spot Bitcoin ETFs and renewed political strain on the Fed for decrease charges from US President Donald Trump.
The BTC worth has since pared good points to commerce at $111,209.14 as of two:21 a.m., nonetheless 2% up previously 24 hours.
Web day by day inflows for spot Bitcoin ETFs (exchange-traded funds) reached $215.7 million yesterday, pushing cumulative web inflows above $50 billion, in accordance with information from Farside Buyers.
The robust demand for spot Bitcoin ETFs “seems to be forcing underpositioned merchants again into the market,” stated 10x Analysis founder Markus Thielen in a notice to purchasers yesterday
Trump Pressures Fed For Big Fee Minimize
“Our Fed Fee is AT LEAST 3 Factors too excessive,” Trump wrote on Reality Social, as he renewed criticism of Fed Chair Jerome Powell. “Too Late is costing the US 360 Billion {Dollars} a Level, PER YEAR, in refinancing prices… LOWER THE RATE. No Inflation, COMPANIES POURING INTO AMERICA. ‘The most well liked Nation within the World!’ LOWER THE RATE.”
It is official:
President Trump is now calling for the primary 300+ foundation level rate of interest reduce in US historical past.
This is able to be 3 TIMES bigger than the 100 bps reduce on March fifteenth, 2020, the biggest in historical past.
So, what occurs if the Fed does this? Allow us to clarify.
(a thread) pic.twitter.com/k3Bo0ri1zY
— The Kobeissi Letter (@KobeissiLetter) July 9, 2025
Thielen stated political strain from Trump on Powell is the primary driving power for the “sharp surge in Bitcoin ETF inflows since late April.”
Powell has resisted requires fee hikes, and up to date Fed minutes present a divided outlook—some officers see a fee reduce coming this month, whereas others argue reductions this yr can be untimely.
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