🚀 Bitcoin Smashes $112K ATH Amid US Tariff Turmoil – Bulls Charge Ahead

Bitcoin just rewrote the rulebook—again. The king of crypto punched through $112,000 like a hot knife through butter, leaving traders scrambling to decode the impact of fresh US tariff shocks.

Why This Rally Feels Different

No slow grind this time. The breakout came with the subtlety of a sledgehammer as macro uncertainty sent capital flooding into decentralized assets. Traditional markets? Too busy calculating tariff fallout to notice the revolution.

The Institutional Endgame

Whispers on trading floors suggest hedge funds are finally treating BTC like digital gold—only with better ROI than your broker's 'sure thing' oil futures. (Spoiler: those always crash.)

As Wall Street analysts nitpick tariff percentages, crypto's black swan keeps flying higher. One question remains: When do we stop calling it an 'alternative' asset?

ETF bid offsets classic risk-off impulse

Jag Kooner, head of derivatives at Bitfinex, said the tariff headline would usually spark “equity weakness, dollar strength and softer yields,” but argued that crypto now enjoys structural buffers unavailable in prior cycles. 

He added in a note:

Kooner also said that bitcoin may “dip initially alongside equities,” yet the presence of regulated funds positions the asset for “greater upside when bullish catalysts align.”

Farside Investors recorded $75.3 million of net inflows into US spot Bitcoin ETFs on July 8, lifting cumulative inflows to $49.9 billion since January.

The products have absorbed an average $134 million per trading day this quarter, reinforcing what Kooner called a “structural ETF support” floor.

Dollar relief and macro calendar

The US Dollar Index has fallen more than 14% year-to-date, giving what Kooner described as “some overdue relief” that can amplify crypto moves when capital seeks non-sovereign stores of value. 

Market desks now watch July’s consumer price print and a Senate vote on the GENIUS Act for confirmation that liquidity conditions will stay benign.

Technical context and near-term levels

Bitcoin spent nearly seven weeks consolidating between $105,000 and $110,500 before piercing the upper boundary.

Kooner flags $105,000–$108,000 as the nearest “refresh” support zone should a macro shock emerge, while a clean close above $112,000 on the daily chart “confirms the up-trend on lower timeframes.”

Options positioning echoes that view. Chicago Mercantile Exchange data indicate that open interest is skewed toward the $115,000 and $120,000 July calls, while put activity clusters at $100,000. 

Traders attribute the bullish skew to advisers hedging against potential downside for ETF inflow scenarios that accelerate whenever macroeconomic news weakens the dollar.