On July 7, Bitcoin exceeded a value of $109,000.
The reason for such asset movement was the Trump administration's announcement of delaying tariffs for the EU until August 1.
The total losses for traders amounted to $181 million, mainly from short positions.
On July 7, 2025, the price of Bitcoin rose above $109,000, recovering from a drop to $108,000 over the weekend.
Meanwhile, the daily trading volume increased by 36.4% to nearly $40 billion.
The rise in cryptocurrency value occurred against the backdrop of the announcement by US President Donald Trump's administration, which postponed the introduction of new duties to August 1, likely reducing investors' concerns about short-term market volatility.
"Earlier, traders were concerned about instability ahead of the July 9 deadline. But now, with the news that countries have more time for negotiations, the market reacted with growth," commented BTSE exchange COO Jeff May on the situation.
The rise in the crypto market led to liquidations in futures contracts amounting to relatively small sums of over $181 million. Owners of short positions suffered the most significant losses across many assets. In total, 60,429 traders recorded losses. The share of liquidations among Bitcoin traders was $35.51 million and $62.2 million, respectively.
The price of the first cryptocurrency recovered above $109,000 in May due to Trump delaying customs tariffs for the European Union.
US Treasury Secretary Scott Bessen confirmed that new tariffs will come into effect on August 1 for countries that do not have trade agreements with the US. If negotiations fail by then, the tariff level will return to the April figure, which may have implications for global markets.
Currently, investors' attention is shifting to the release of the US Consumer Price Index (CPI), which is expected on July 15.
According to May, this indicator will help assess whether inflation has decreased enough for the Federal Reserve to begin lowering interest rates. This, in turn, could trigger a long-term rally in the crypto market.
"After surpassing the historical maximum of $111,814, Bitcoin may enter a new price discovery zone. A number of altcoins may also replicate this movement, as DeFi protocols and artificial intelligence companies increasingly focus on institutional demand," said Nick Rak, research director at LVRG Research.
