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Rate Cut Hopes & Tariff News Propel Bitcoin Toward ATH

2025-07-07 16:48:19

Main Idea

The article discusses Bitcoin's recent price surge and market reactions to US Treasury news and Fed optimism, highlighting trader sentiment and market dynamics.

Key Points

1. Bitcoin's price spiked above $109,000, nearing its all-time high of $111,814, driven by US tariff delays and Fed optimism.

2. Traders are betting on Bitcoin breaking the $110,000 barrier soon, with a thick layer of buy orders just below $109K.

3. Market indicators like funding rates and the 25 Delta Skew suggest a balanced market with a slight tendency to go long, but volatility remains a factor.

4. Social media and trading boards reflect bullish sentiment, with comments linking the tariff delay and dovish Fed to Bitcoin's upward momentum.

5. The article also briefly mentions other crypto-related news, including Ripple’s bank license bid and dormant Bitcoin whales moving $2B after 14 years.

Description

Bitcoin is back in the headlines, and this time not just crypto investors are sitting up and taking notice. Hot news from Washington and speculation from the Federal Reserve have investors and traders holding their breath as the world's biggest cryptocurrency toys with a new all-time high. Last week, the US Treasury shocked everyone with the news: the much-feared new round of tariffs on imported foreign goods would be delayed until August 1. For global markets, that was a welcome relief. For Bit...

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News Crypto
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