TechFlow, July 11 — QCP released a bulletin stating that Bitcoin's price surged past $118,000, reaching a new all-time high. This milestone reflects strong market enthusiasm and structural strength.
Key macro drivers behind the cryptocurrency rally include global manufacturers accelerating imports and inventory buildup ahead of potential Trump-era tariffs, along with a loose financial environment under U.S. fiscal dominance. While the Fed maintains high policy rates, the U.S. Treasury, under Bessant’s leadership, has implemented an "aggressive issuance strategy," issuing short-term debt while buying back long-term bonds, effectively reducing interest rate volatility.
Meanwhile, ETF inflows and purchases by listed crypto firms have outpaced token issuance and miner selling. Market observers noted: "Signs of a bubble are often hard to distinguish from signs of mass adoption." Rising copper prices and record highs in global equity indices have also boosted demand for inflation-hedging assets such as gold and Bitcoin.
