On July 9, 2025, Bitcoin reached a historic milestone, surpassing the $112,000 mark and setting a new all-time high (ATH).
This dramatic surge in Bitcoin's price wasn't entirely random; it was the result of several key events that occurred on July 9, 2025:
* Release of June FOMC Meeting Minutes and President Trump's Statement on Interest Rates: One of the main catalysts was a statement from US President Donald Trump on Truth Social, where he declared that current Federal Reserve interest rates were "at least 3 percentage points too high" and should be cut by 300 basis points. He argued that such a move would save $360 billion annually in refinancing costs. These comments sparked a "risk-on" sentiment in the markets, fueling speculation about a more dovish monetary policy, which is traditionally favorable for risky assets like cryptocurrencies.
* Tariff Suspension Delay and Uncertainty: Although the original deadline for the tariff suspension was July 9, President Trump signed an executive order officially pushing this deadline to August 1, 2025. However, he simultaneously began sending "tariff letters" to countries that had not reached trade agreements with the US, signaling future tariff imposition. This mixed message—a delay with the threat of future tariffs—created a degree of uncertainty in traditional markets, potentially leading investors to seek refuge in decentralized assets like Bitcoin.
* Institutional Interest and ETFs: The continuous inflow of institutional capital into spot Bitcoin ETFs continues to play a crucial role in price support. These products, approved in January 2024, facilitate demand for Bitcoin from large investors, deepening market liquidity and solidifying Bitcoin as an institutional asset class.
* Technical Factors: After several weeks of consolidation near the $110,000 level, where previous rallies had repeatedly reversed, the breakthrough of this level on July 9 triggered a significant technical breakout and unleashed a wave of buying orders.
What's Next?
The current value of BTC is holding near $111,200, still in close proximity to the new ATH. A lack of resistance above this level could trigger a parabolic rally. Some optimistic analysts even suggest a potential target of $150,000 or more for the peak of the current market cycle.
However, caution is advised. Given the current situation, where political statements can have an immediate impact on markets, and persistent global uncertainty, predicting future developments isn't easy.
Exceeding $112,000 is a strong signal of growing confidence in Bitcoin as digital gold and a hedge against uncertainty.
