Bitcoin Hits ATH, ETF Inflows Surge, Trump Calls for Huge Fee Reduce

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Trump Pressures Fed For Big Fee Reduce Associated Articles:

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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 stress on the Fed for decrease charges from US President Donald Trump.

The BTC worth has since pared beneficial properties to commerce at $111,209.14 as of two:21 a.m., nonetheless 2% up up to now 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 keeping with 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 Fee Reduce

“Our Fed Fee 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 stress from Trump on Powell is the primary driving drive 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 12 months could be untimely.