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Bitcoin surged to a brand new all-time excessive above $112k, buoyed by file 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 positive aspects to commerce at $111,209.14 as of two:21 a.m., nonetheless 2% up up to now 24 hours.
Internet each day inflows for spot Bitcoin ETFs (exchange-traded funds) reached $215.7 million yesterday, pushing cumulative web inflows above $50 billion, based on knowledge from Farside Traders.
The sturdy demand for spot Bitcoin ETFs “seems to be forcing underpositioned merchants again into the market,” mentioned 10x Analysis founder Markus Thielen in a observe to shoppers yesterday
Trump Pressures Fed For Big Charge Lower
“Our Fed Charge 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 popular 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 could be 3 TIMES bigger than the 100 bps reduce on March fifteenth, 2020, the most important 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 mentioned political strain from Trump on Powell is the primary driving drive for the “sharp surge in Bitcoin ETF inflows since late April.”
Powell has resisted requires price hikes, and up to date Fed minutes present a divided outlook—some officers see a price reduce coming this month, whereas others argue reductions this yr could be untimely.
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