Recommended
BTCC Crypto Daily (7.9)|Trump Pressures the Federal Reserve Again as Markets Remain in Range-Bound Consolidation
1.Overview
- Trump criticizes Powell for slow action on inflation
- SEC considers new fast-track approval framework for ETFs
- Ripple shareholder Linqto has filed for bankruptcy
- Trump’s Truth Social files S-1 to propose a crypto blue-chip ETF
2.Macro & Policy Outlook
Key Events Today
- U.S. EIA Crude Oil Inventories for the week of July 4 (previous: 3.845 million barrels)
- Bank of England releases Financial Policy Committee Meeting Minutes
- Deadline for U.S.-EU tariff negotiations previously extended to July 9
Global Macro Developments
1.Trump lashes out at Powell, defends dollar status, and reaffirms August tariff agenda
U.S. President Donald Trump once again sharply criticized Federal Reserve Chairman Jerome Powell, urging Congress to investigate him and calling for his immediate resignation. He accused Powell of acting “like a baby” and being too slow to combat inflation, pushing for immediate rate cuts. Trump also publicly voiced his preference for current Treasury Secretary Bessent. He emphasized the national security importance of the U.S. dollar, stating “losing the standard dollar is like losing a war.” On the new round of tariffs on Japan, South Korea, and others scheduled to take effect on August 1, he clarified it is not a delay but rather a strategic pressure move in U.S.-China trade negotiations, aimed at attracting more foreign capital back to the U.S.
2..SEC considers new fast-track ETF approval framework
The U.S. Securities and Exchange Commission (SEC) is considering a new framework to accelerate the approval process for ETFs, with a draft expected to be released this month. Multiple spot crypto ETFs may be approved in succession. The new framework could allow exchanges to list qualifying crypto ETFs directly based on a unified standard, bypassing the need for individual 19b-4 filings and the 75-day review cycle. Bloomberg ETF analyst James Seyffart predicts that the new rules may be implemented as early as September or October, potentially leading to a wave of crypto ETF approvals.
3.Trump pressures Korea on military costs, criticizes Putin, and teases new trade moves
During a Cabinet meeting at the White House, Trump stated that South Korea should bear more of the cost for its own military defense. He called the current U.S. military presence in Korea “grossly unfair to America” and emphasized that South Korea gains enormous economic benefits from it. Meanwhile, Trump announced new U.S. defensive arms support for Ukraine and said he is considering increased sanctions on Russia, expressing dissatisfaction with Putin. He also stated: “Tomorrow morning, we will release trade-related measures for at least seven countries.”
4.Fed Research Report: Economic uncertainty could bring back zero interest rate risk
A joint report by the New York Fed and the San Francisco Fed noted that although short-term rates are currently elevated, the possibility of Fed policy rates returning close to zero in the coming years remains. The report stated that the medium-to-long-term risk of the target rate falling back into an ultra-low range “has dropped to its lowest level in 15 years,” but in the context of growing economic uncertainty, the likelihood of a return to near-zero rates “remains significant.”
5.South Korea’s National Tax Service: residents paid in virtual assets from overseas companies must report as composite income
The Korean National Tax Service stated that residents receiving virtual assets from overseas companies as compensation for labor must report them as composite income. The agency previously clarified in a March ruling that if such income was not subject to withholding tax via a designated tax agent, the individual is responsible for final reporting and payment under Korea’s composite income tax rules.
Traditional Asset Correlation
• Nasdaq +0.029%, S&P 500 -0.072%, Dow -0.37%
• Spot gold -0.45%, at $3,286.9/oz
• WTI crude (USOIL) -0.04%, at $68.1/barrel
3.Crypto Market Snapshot
1. Spot Performance of Major Cryptocurrencies
(as of 14:00 HKT, July 9, 2025)
2.Futures Capital Flow Analysis
According to Coinglass data on July 9, BTC, SOL, XRP, FARTCOIN, WLD, LTC, and PNUT saw the largest net outflows in futures trading over the past 24 hours, potentially indicating trading opportunities.
3. Bitcoin Liquidation Map
As of July 9 (Coinglass), if BTC drops below $107,000 from the current price of $108,640, cumulative long liquidations across major CEXs could reach $1.122 billion. Conversely, a breakout above $110,000 would trigger up to $944 million in short liquidations. Leverage levels should be managed prudently to avoid large-scale forced liquidations amid volatility.
4. Bitcoin Long/Short Ratio
As of 14:00 HKT on July 9, Coinglass data shows the global BTC long/short ratio at 0.7578, with 43.11% long vs. 56.89% short positions.
5. On-Chain Monitoring
• According to Onchain Lens, a whale/institution sold 33,582 ETH at an average price of $2,512, totaling $85.38 million USDC, and subsequently deposited the USDC into Aave V3. The whale still holds 100,000 ETH staked via Lido, worth approximately $261.2 million at current prices.
• Onchain Lens also reported that a dormant whale address became active today and moved 9,000 BTC (approx. $977 million). In the past 24 hours, this whale has transferred a total of 17,283 BTC (approx. $1.88 billion).
4.Blockchain Headlines
- Bitcoin spot ETFs recorded net inflows of $80.08 million yesterday, fourth consecutive day of inflows
- Ethereum spot ETFs recorded net inflows of $46.63 million yesterday, third consecutive day of inflows
- Robinhood: Received numerous requests for tokenized stock issuance
- Movement (MOVE) to unlock 50 million tokens today, representing 1.92% of circulating supply
- Polkadot Foundation proposes issuing co-branded Visa card, vote ends July 9
- Bloomberg: Tether stores $8 billion in gold in secret Swiss vaults
- Ripple shareholder Linqto has filed for bankruptcy
- Tether makes strategic investment in blockchain forensics firm Crystal Intelligence
- Trump’s Truth Social has filed an S-1 form to propose a crypto blue-chip ETF
- Trader Eugene: BTC remains capped below key $110,000 resistance, expects breakout later this week
- ETH ICO whale sells another 1,000 ETH at cost of $0.31, has cashed out nearly $900 million over past month
- GMGN co-founder: From today, users affected by MEV despite activating protection can submit info for compensation
- GameSquare rose 5.84% after hours, plans phased establishment of $100 million ETH treasury
- Whale sells 1.59 million FARTCOIN to buy SPX, BONK, and PENGU
- GameSquare raises $8 million, plans to launch ETH fund management strategy
- Grayscale announces Q2 multi-asset fund allocation; highest weights in Uniswap (34.01%) and Aave (30.74%)
5.Institutional Insights · Daily Picks
- Goldman Sachs: With reduced tariff pressure and easing inflation, the Fed may cut rates earlier in September. Chief U.S. Economist David Mericle sees a slightly greater than 50% chance of a September rate cut. The terminal rate forecast has been lowered to 3.00%-3.25%, down from the prior 3.50%-3.75%.
- Greeks.live: Bitcoin bears are preparing to attack the $105,000 level, which is also the critical price level that bulls must defend.
- QCP Capital: Bitcoin volatility remains near historic lows. A breakout above $110,000 could trigger fresh buying interest. Some large institutions continue to accumulate September $130,000 call options.
- Matrixport: The market currently lacks fresh catalysts, and most retail investors appear to have entered “summer vacation mode” early.
6.BTCC Exclusive Market Analysis
On July 8, Bitcoin prices continued to range weakly between $107,800 and $108,600, currently hovering around $108,300. The 4-hour chart shows MA5, MA10, and MA20 converging, with price candles fluctuating tightly around these moving averages. The MACD indicator is in a bearish crossover, with diminishing red histogram momentum. Signal lines are lingering below the zero axis, indicating weak short-term bullish sentiment.
Kevin Warsh, a leading candidate for the next Fed Chair, publicly called for lower interest rates and dismissed inflation concerns from Trump’s tariffs—his stance is distinctly dovish and reinforces the market’s expectations for rate cuts within the year. Simultaneously, a joint report from the New York and San Francisco Feds highlighted that “the possibility of returning to near-zero interest rates in the medium to long term remains significant,” suggesting a policy shift from “holding steady” to “preemptive pivot” may be underway.
Overall, Bitcoin is currently in a convergence zone of “dovish policy bias, cautious market sentiment, and technical consolidation.” From a trading perspective, close attention should be paid to the effectiveness of the $108,000 support level. A breakdown may lead to a retest of the previous low around $106,500; conversely, a breakout above $109,000 may pave the way for a renewed push toward the $110,800 resistance zone. Investors are advised to closely monitor macro variables—such as developments in tariff negotiations—during this high-impact news window for their implications on risk assets.
Risk Disclaimer: The content above is for informational purposes only and does not constitute investment advice or trading guidance. Markets involve risks. Please conduct your own due diligence and manage risks carefully.
How to Trade Crypto on BTCC?
This brief instruction will assist you in registering for and trading on the BTCC exchange.
Step 1: Register an account
The first step is to hit the “Sign Up” button on the BTCC website or app. Your email address and a strong password are all you need. After completing that, look for a verification email in your inbox. To activate your account, click the link in the email.
Step 2: Finish the KYC
The Know Your Customer (KYC) procedure is the next step after your account is operational. The main goal of this stage is to maintain compliance and security. You must upload identification, such as a passport or driver’s license. You’ll receive a confirmation email as soon as your documents are validated, so don’t worry—it’s a quick process.
Step 3. Deposit Funds
After that, adding money to your account is simple. BTCC provides a range of payment options, such as credit cards and bank transfers. To get your money into your trading account, simply choose what works best for you, enter the amount, and then follow the instructions.
Fiat Deposit. Buy USDT using Visa/Mastercard (KYC required).
Crypto Deposit. Transfer crypto from another platform or wallet.
Step 4. Start Trading
If you wish to follow profitable traders, you might go for copy trading, futures, or spot trading. After choosing your order type and the cryptocurrency you wish to trade, press the buy or sell button. Managing your portfolio and keeping track of your trades is made simple by the user-friendly interface.
Look more for details: How to Trade Crypto Futures Contracts on BTCC
BTCC FAQs
Is BTCC safe?
Based on its track record since 2011, BTCC has established itself as a secure cryptocurrency exchange. There have been no reports of fraudulent activity involving user accounts or the platform’s infrastructure. By enforcing mandatory know-your-customer (KYC) and anti-money laundering (AML) procedures, the cryptocurrency trading platform gives consumers greater security. For operations like withdrawals, it also provides extra security features like two-factor authentication (2FA).
Is KYC Necessary for BTCC?
Indeed. Before using BTCC goods, users must finish the Know Your Customer (KYC) process. A facial recognition scan and legitimate identification documents must be submitted for this process. Usually, it is finished in a few minutes. This procedure has the benefit of strengthening the security of the exchange and satisfying legal requirements.
Because their accounts will have a lower daily withdrawal limit, those who do not finish their KYC are unable to make deposits. It should be noted that those who present a legitimate ID without a facial recognition scan will likewise have restricted withdrawal options.
Is There a Mobile App for BTCC?
Indeed. For users of iOS and Android, BTCC has a mobile app. The exchange’s website offers the mobile app for download. Since both the web version and the mobile app have the same features and capabilities, they are comparable.
Will I Have to Pay BTCC Trading Fees?
Indeed. BTCC levies a fee for trade, just like a lot of other centralised exchanges. Each user’s VIP level, which is unlocked according to their available money, determines the different costs. The BTCC website provides information on the charge rates.
Can I Access BTCC From the U.S?
You can, indeed. According to its website, BTCC has obtained a crypto license from the US Financial Crimes Enforcement Network (FinCEN), which enables the cryptocurrency exchange to provide its services to investors who are headquartered in the US.
According to BTCC’s User Agreement document, its goods are not allowed to be used in nations and organisations that have been sanctioned by the United States or other nations where it has a licence.
BTCC Guide:
How to Trade Crypto Futures Contracts on BTCC
BTCC Guide-How to Deposit Crypto on BTCC?
What is Crypto Futures Trading – Beginner’s Guide
What is Leverage in Cryptocurrency? How Can I Trade at 100X Leverage?
BTCC Review 2024: Best Crypto Futures Exchange
Crypto Buying Guides:
Crypto Prediction:
Ethereum (ETH) Price Prediction 2024, 2025, 2030 — Will ETH Reach $10,000?
Ethereum Price Prediction 2024, 2025, 2030: How High Can ETH Go in 2024?
Bitcoin (BTC) Price Prediction 2024, 2025, 2030 — Is BTC a Good Investment?
Ripple (XRP) Price Prediction 2024, 2025, 2030 — Will XRP Reach $1 After SEC Lawsuit?
Pi Coin Price Prediction 2024,2025,2030 — Is Pi Coin a Good Buy?
Pepe (PEPE) Price Prediction 2024, 2025, 2030 – Will PEPE Reach $1

Register now to begin your crypto journey
Download the BTCC app via App Store or Google Play
Follow us
Scan to download
- Terms & Agreement
- Customer Service
- Online Customer Support
- Report an Issue
- [email protected]
- [email protected]
Quick Links
Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
The world’s longest-running cryptocurrency exchange since 2011 © 2011-2025 BTCC.com. All rights reserved
Comments
Leave a comment
Your email address will not be published. Required fields are marked with an asterisk (*).
Comment*
Name*
Email address*