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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 good points to commerce at $111,209.14 as of two:21 a.m., nonetheless 2% up previously 24 hours.
Internet day by day inflows for spot Bitcoin ETFs (exchange-traded funds) reached $215.7 million yesterday, pushing cumulative web inflows above $50 billion, based on information 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 notice to shoppers yesterday
Trump Pressures Fed For Large Charge Lower
“Our Fed Charge is AT LEAST 3 Factors too excessive,” Trump wrote on Fact 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 may 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 mentioned political strain from Trump on Powell is the principle 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 12 months can be untimely.
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