Bitcoin Hits New ATH, Ripple Partners With BNY, Trump Tariffs Resurface, Crypto ETFs Record Milestones
The post Bitcoin Hits New ATH, Ripple Partners With BNY, Trump Tariffs Resurface, Crypto ETFs Record Milestones appeared on BitcoinEthereumNews.com.
In a week marked by watershed shed developments across the cryptoverse, Bitcoin price soared to a new all-time high, braving a slew of macroeconomic headwinds from Trump tariffs. Cryptocurrency ETFs latched onto Bitcoin’s rally to post impressive figures while Ripple inked a historic deal with BNY Mellon to custody its RLUSD reserves. Bitcoin Spikes To New ATH Amid Trump Tariffs Crypto bull rubbed their hands in glee after Bitcoin embarked on a meteoric rally to reach previously unseen highs. Bitcoin set a new ATH, surging as high as $118,856 after weeks of sideways trading. The rally comes amid fresh trade wars stoked by Trump tariffs. During the week, US President Donald Trump issued trade letters to several countries, imposing tariffs as high as 30% while the Federal Reserve highlighted inflationary risks stemming from the tariffs. Bitcoin price fell from its all-time high after Trump imposed 30% tariffs on the European Union (EU) and Mexico. Despite the uncertain macroeconomic climate, pundits like Robert Kiyosaki are predicting an even bigger rally for the asset. Cryptocurrency ETFs Record New Milestones Crypto exchange-traded funds (ETFs) have notched impressive levels over the last week, mirroring the surge in BTC price. Right off the bat, BlackRock’s Bitcoin ETF broke records to become the fastest fund to clinch $80B in assets under management (AUM). According to available data, BlackRock’s IBIT reached the milestone in 374 days, weeks after breaking the $70B mark. Ethereum ETFs also posted impressive numbers over the last week. SoSoValue data reveals that Ethereum ETFs pulled in $907M during the week, its highest level since launch. The inflows come amid an impressive weekly performance for Ethereum that saw the largest altcoin surge by 17%. The double-leveraged XXRP ETF rallied 55% over the last week ahead of the ProShares XRP ETF launch, matching Bitcoin ETFs.…
Filed under: News - @ July 12, 2025 11:10 pm