Key Insights:
- Bitcoin is close to a new all-time high and is driven by delayed US tariffs, positive policy shifts and fresh investor confidence.
- The US Treasury Secretary announced a delay in tariff implementation from July 9 to August 1.
- Bitcoin’s weekly close at $109,443 marks an all-time weekly high, and the upcoming US CPI data on July 15 could be great for Bitcoin’s future.
Bitcoin is once again knocking on the door of a new all-time high. This time, the crypto is being held up by fresh geopolitical developments and seasonal market optimism.
Just as the United States pulls through its ongoing trade relationships with China and the rest of the world, Bitcoin is showing signs of an incoming breakout. And analysts seem to agree.
Bitcoin Nears New Highs as Tariff Deadline Looms
As of early Monday, Bitcoin was trading just 2% below its previous all-time high of $111,814. The crypto briefly reached above $109,000 after a slump over the weekend, and analysts say momentum is building.
Some of this momentum in question is thanks in part to a delay in U.S. trade tariffs and the rising investor confidence when it comes to policy shifts. For context, the original deadline for the 90-day tariff pause, which was set to expire on July 9, was a major source of investor jitters earlier.
However, U.S. Treasury Secretary Scott Bessent recently announced that the new date for tariffs to take effect has been pushed to August 1.
This means that the market has more time for negotiations.
Analysts generally believe that Bitcoin is likely to set a new all-time high soon. This is because the market has largely shrugged off most of its earlier tariff-related fears, and risk appetite across the crypto industry appears to be returning.
Adding to the momentum, Elon Musk recently gave Bitcoin a subtle nod on X over the weekend in relation to his newly formed US political party.
“Crypto Week” in Washington And Incoming BTC Highs
More than the tariffs and tweets, the crypto industry is also looking ahead to what it calls “Crypto Week” in Washington, D.C. According to reports, Policymakers, industry leaders and investors will gather for a series of discussions focused on the crypto space and how to regulate decentralized finance.
NEW: Chairman @RepFrenchHill, @HouseAgGOP Chairman @CongressmanGT, and House Leadership announced that the week of July 14th will be “Crypto Week,” where the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act will be considered. @SpeakerJohnson @SteveScalise… pic.twitter.com/vIUoGaoSy1
— Financial Services GOP (@FinancialCmte) July 3, 2025
While Bitcoin’s daily swings have been grabbing headlines, the cryptocurrency’s weekly close at $109,443 has also been a major source of attention. This figure marks an all time weekly high, and indicates that investors still have their confidence intact, despite the short-term volatility.
The surge in Bitcoin prices is not happening in isolation. According to data from CoinMarketCap, the overall crypto market added more than $50 billion in value over 24 hours.
Altcoins like Ethereum, XRP and Solana also posted gains of over 2%, and contributed to the general rally that could mark the beginning of a real altcoin season.
Economic Data Could Be the Crypto Market’s Final Catalyst
All eyes are now on the upcoming U.S. Consumer Price Index (CPI) data set for release on July 15.
This metric will be very important for the Federal Reserve’s decision-making process, and if inflation shows meaningful signs of cooling, it could open the door for interest rate cuts.
RUMOR
FED WILL CUT RATES BY 25 BPS
IN JULY IF CPI COMES BELOW 2.3%MASSIVE IF TRUE !! pic.twitter.com/TxtAbntU7y
— Ash Crypto (@Ashcryptoreal) June 28, 2025
Overall, considering the supportive macroeconomic environment, delayed tariffs, investor optimism and growing institutional interest, Bitcoin is in a good place to set new records over the next few days or weeks.
As volatility picks up around dates like July 9 and July 15, traders continue to gear up for stronger price action. This is not just for Bitcoin, but for the entire crypto market as a whole.
If the current trends hold and the US continues to show a dovish approach on trade and monetary policy, Bitcoin may soon break above its previous all time high and find itself in unexplored territory.
The post 90-Day Tariff Pause Ends On 9 July, As Analysts Predict New Crypto Highs appeared first on Live Bitcoin News.