Bitcoin price reached a new all-time high (ATH) of $112,152 on Wednesday after a 3.54% surge from the intra-day low. The BTC price surge follows a series of global events, including rising ETF inflows and announcements surrounding President Donald Trump’s latest tariff measures.
With these factors combined, Bitcoin price surged, pushing its price beyond the $112,000 mark for the first time since May.
Bitcoin’s Price Records a New All Time High
Bitcoin’s price rise to a new all-time high comes after it surpassed the $110,000 resistance level earlier this week. The BTC price increased by nearly 6% in just a few days, peaking at $112,152.
Spot Bitcoin exchange-traded funds (ETFs) saw over $1.2 billion in net inflows since the start of July, helping to fuel the rally. According to Farside Investors, these strong inflows have been a key driver of Bitcoin’s recent success.
The rising demand for risk assets in the global market also contributed to Bitcoin’s price increase. Investors appear to be turning to Bitcoin as an alternative investment amid growing economic instability. As global tensions rise due to President Trump’s tariff announcements, Bitcoin has gained momentum, suggesting that investors view the cryptocurrency as a safe haven against uncertainty.
Tariff Announcements and Bitcoin’s Reaction
President Trump’s announcement of new tariffs has played a role in Bitcoin’s recent surge. On Wednesday, Trump introduced tariffs on countries such as Brazil, Malaysia, and Kazakhstan. These tariffs, ranging from 20% to 50%, have sparked concerns about potential global economic instability.
Bitcoin’s response has been notable, as it quickly increased in value, reaching its ATH amid this geopolitical turmoil.
Source: X
However, Crypto General has shared his thoughts on Bitcoin price trajectory. In a recent X post, he emphasized that Bitcoin price appears to be gearing up for a breakout. He noted that BTC price has been consolidating in a tight range for several days, and the charts suggest a potential push toward higher levels.
“He further added, “I am eyeing at 115k for the near future. I know people are very skeptical about tariffs and Trump’s announcement, but charts are suggesting otherwise.”
ETF Inflows and Institutional Adoption
Bitcoin price rise has been fueled in part by robust ETF inflows, as institutions and corporate treasury companies continue to adopt Bitcoin as a store of value.
Source: X
Concurrently, according to Santiment, the Bitcoin price surge came despite many retail investors dropping out of the market due to feelings of boredom or disbelief. The platform pointed out that historical trends show such moments often signal a potential breakout, as crypto markets typically move in the opposite direction of retail sentiment.
“History has shown that this is a prime sign of a potential breakout, as crypto markets typically move the opposite direction of the crowd’s expectations,” Santiment said.
“When retail shows FUD (fear, uncertainty, and doubt), these are usually prime spots for smart money to move in and accumulate.” This observation suggests that Bitcoin price rally could continue as larger investors take advantage of market sentiment shifts.
Kelvin Munene Murithi
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary .
With a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets.
His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content.
Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape.
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Source: https://coingape.com/bitcoin-price-hits-new-ath-amid-trump-tariff-scare/