The post Bitcoin hits fresh all-time high above $112k as traders parse new US tariff shock appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) reached a new all-time high of $112,040 on July 9, edging above the previous intraday peak of $111,917.37 recorded on May 22, TradingView data shows. The breakout arrived hours after President Donald Trump dispatched formal tariff letters to seven nations, unveiling duties of up to 30% that take effect Aug. 1. According to CryptoSlate data, Bitcoin was trading at $111,238 as of press time, up 2.4% over the past day. ETF bid offsets classic risk-off impulse Jag Kooner, head of derivatives at Bitfinex, said the tariff headline would usually spark “equity weakness, dollar strength and softer yields,” but argued that crypto now enjoys structural buffers unavailable in prior cycles.  He added in a note: “Spot-ETF inflows and the sovereign-hedge narrative mean any policy-driven dollar move can feed back into crypto rates positively.” Kooner also said that Bitcoin may “dip initially alongside equities,” yet the presence of regulated funds positions the asset for “greater upside when bullish catalysts align.” Farside Investors recorded $75.3 million of net inflows into US spot Bitcoin ETFs on July 8, lifting cumulative inflows to $49.9 billion since January. The products have absorbed an average $134 million per trading day this quarter, reinforcing what Kooner called a “structural ETF support” floor. Dollar relief and macro calendar The US Dollar Index has fallen more than 14% year-to-date, giving what Kooner described as “some overdue relief” that can amplify crypto moves when capital seeks non-sovereign stores of value.  Market desks now watch July’s consumer price print and a Senate vote on the GENIUS Act for confirmation that liquidity conditions will stay benign. Technical context and near-term levels Bitcoin spent nearly seven weeks consolidating between $105,000 and $110,500 before piercing the upper boundary. Kooner flags $105,000–$108,000 as the nearest “refresh” support zone should a macro shock emerge, while…

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Filed under: News - @ July 9, 2025 8:30 pm