Bitcoin surged to a new all-time high above $112,000
on Wednesday, breaking out of weeks-long consolidation after U.S.
President Donald Trump called the Federal Reserve’s interest rates “at least 3
points too high.” The move came amid a broader rally across crypto assets, with
Ethereum’s ether jumping 5% to $2,746, its highest in nearly a month.
Earlier, the largest cryptocurrency gained 3% to $111,907, briefly reaching new record levels across major
exchanges including Binance, Coinbase, and Bitstamp.
The breakout followed a prolonged period of price
compression near $110,000, where previous rallies had repeatedly reversed as
traders took profits and short positions mounted.
Trump Comments Trigger Risk-On Repricing
The sudden upward move began just 30 minutes after
Trump posted on Truth Social that the current federal funds rate should be
lowered by 300 basis points (3%). He claimed such a cut would save $360 billion
annually in refinancing costs. Bitcoin, which had been trading quietly earlier
in the day, began climbing steadily following the post.
Bitcoin soars to ATH, Source: CoinMarketCap
No single cut in modern U.S. history has exceeded 100
bps, and a 3% reduction in a growing economy could push inflation above 5%,
weaken the dollar by over 10%, and cause housing prices to surge amid lower
mortgage rates, Coindesk reported.
Asset markets, including stocks and commodities, would
likely rally sharply in the short term—the S&P 500 could reach 7,000, and gold $5,000, but at the cost of longer-term macroeconomic stability.
BREAKING: Bitcoin reaches new all-time high of $112,000 pic.twitter.com/4AxGaQgZN7
— Watcher.Guru (@WatcherGuru) July 9, 2025
Publicly Traded Crypto Firms
The rally extended to publicly traded crypto firms.
MicroStrategy (MSTR) climbed 4.4% to $414, approaching its 2025 highs but still
below last year’s $543 peak. Coinbase (COIN) rose 5%, while bitcoin miners Riot
Platforms (RIOT) and Marathon Holdings (MARA) added around 6% each.
Related: Bitcoin Will Jump 25% and Hit New ATH This Quarter, Newest BTC Price Prediction Says
Ether also drew investor attention, rising 5% to
$2,746. Bitcoin’s climb also reflects its increasing role as a
hedge against monetary uncertainty. Since Trump’s “Liberation Day” speech in
April, the asset has gained traction among investors positioning for inflation
and geopolitical risk.
While Bitcoin’s price has now set a new record,
questions remain about its ability to hold above $112,000. The $110,000 zone
could flip into support if momentum continues, but traders are watching closely
for signs of exhaustion or consolidation.
Bitcoin surged to a new all-time high above $112,000
on Wednesday, breaking out of weeks-long consolidation after U.S.
President Donald Trump called the Federal Reserve’s interest rates “at least 3
points too high.” The move came amid a broader rally across crypto assets, with
Ethereum’s ether jumping 5% to $2,746, its highest in nearly a month.
Earlier, the largest cryptocurrency gained 3% to $111,907, briefly reaching new record levels across major
exchanges including Binance, Coinbase, and Bitstamp.
The breakout followed a prolonged period of price
compression near $110,000, where previous rallies had repeatedly reversed as
traders took profits and short positions mounted.
Trump Comments Trigger Risk-On Repricing
The sudden upward move began just 30 minutes after
Trump posted on Truth Social that the current federal funds rate should be
lowered by 300 basis points (3%). He claimed such a cut would save $360 billion
annually in refinancing costs. Bitcoin, which had been trading quietly earlier
in the day, began climbing steadily following the post.
Bitcoin soars to ATH, Source: CoinMarketCap
No single cut in modern U.S. history has exceeded 100
bps, and a 3% reduction in a growing economy could push inflation above 5%,
weaken the dollar by over 10%, and cause housing prices to surge amid lower
mortgage rates, Coindesk reported.
Asset markets, including stocks and commodities, would
likely rally sharply in the short term—the S&P 500 could reach 7,000, and gold $5,000, but at the cost of longer-term macroeconomic stability.
BREAKING: Bitcoin reaches new all-time high of $112,000 pic.twitter.com/4AxGaQgZN7
— Watcher.Guru (@WatcherGuru) July 9, 2025
Publicly Traded Crypto Firms
The rally extended to publicly traded crypto firms.
MicroStrategy (MSTR) climbed 4.4% to $414, approaching its 2025 highs but still
below last year’s $543 peak. Coinbase (COIN) rose 5%, while bitcoin miners Riot
Platforms (RIOT) and Marathon Holdings (MARA) added around 6% each.
Related: Bitcoin Will Jump 25% and Hit New ATH This Quarter, Newest BTC Price Prediction Says
Ether also drew investor attention, rising 5% to
$2,746. Bitcoin’s climb also reflects its increasing role as a
hedge against monetary uncertainty. Since Trump’s “Liberation Day” speech in
April, the asset has gained traction among investors positioning for inflation
and geopolitical risk.
While Bitcoin’s price has now set a new record,
questions remain about its ability to hold above $112,000. The $110,000 zone
could flip into support if momentum continues, but traders are watching closely
for signs of exhaustion or consolidation.
