Synopsis : Bitcoin has hit a record high of $112,000, surging 39% in three months amid Donald Trump’s renewed tariff wars. The Trump administration’s crypto-friendly stance and escalating geopolitical tensions are fueling a fresh wave of capital into digital assets.
Bitcoin, the world’s largest cryptocurrency, surged to a fresh all-time high of $112,000 on July 10, clocking a 3.1% single-day gain and nearly 20% rise so far this year, according to Bloomberg. The rally comes amid renewed geopolitical tensions as U.S. President Donald Trump reimposes aggressive tariffs, including 50% duties on all copper imports and similar levies targeting Brazil, sparking market volatility.
Anthony Pompliano, founder and CEO of Professional Capital Management, noted that Bitcoin becomes “less risky as it grows in size,” highlighting how institutional interest has accelerated as Bitcoin’s market cap moved into trillions. Trump’s supportive stance on cryptocurrencies has further boosted sentiment, with reports of Trump Media & Technology Group planning to launch a crypto-focused ETF that will invest in Bitcoin, Ether, Solana, and Ripple.
The momentum underscores Bitcoin’s evolving role as a hedge against macroeconomic uncertainty while reinforcing its position in global portfolios as regulatory clarity improves in the United States.
Disclaimer : This article is for informational purposes only and does not constitute financial advice. Please consult a professional before making investment decisions.
