Bitcoin hits a new high, with ETF fund inflows and Trump's tariff policy acting as catalysts.

Bitcoin ( BTC ) price hit a historic high of $112,152 on Wednesday ( ATH ), soaring 3.54% from the day's low. This BTC pump follows a series of global events, including a surge in Bitcoin ETF fund inflows and announcements surrounding President Donald Trump's latest tariff measures. With these factors at play, Bitcoin price broke through a key resistance level, standing above the $112,000 mark for the first time since May.

Break through the $110,000 resistance level, BTC hits an all-time high

After successfully breaking through the key resistance level of 110,000 USD at the beginning of this week, the price of Bitcoin has continued to rise to a new all-time high. In just a few days, BTC has surged nearly 6%, reaching a peak of 112,152 USD.

The spot Bitcoin ETF has recorded over $1.2 billion in net inflows since early July, becoming an important fuel for the current cryptocurrency bull market. According to data from Farside Investors, these strong inflows are the key driving force behind Bitcoin's recent outstanding performance.

The rising demand for risk assets in the global market has also fueled the rise in Bitcoin prices. Amid increasing economic instability, investors seem to be viewing Bitcoin as an alternative investment option. As President Trump's tariff announcement triggers escalating global tensions, Bitcoin gains momentum, indicating that investors are considering this top cryptocurrency as a hedge against uncertainty.

Trump's Tariff Announcement and Bitcoin's Positive Reaction

President Trump’s newly announced tariff policy has played a role in the recent rise of Bitcoin. On Wednesday, Trump announced tariffs ranging from 20% to 50% on countries such as Brazil, Malaysia, and Kazakhstan, a move that has raised market concerns about potential global economic turmoil.

The reaction of Bitcoin is particularly significant, with its price rapidly appreciating during this round of geopolitical turmoil, reaching a historic high.

Meanwhile, well-known analyst Crypto General expressed his views on the price trend of Bitcoin. In a recent post on X (formerly Twitter), he emphasized that the technical pattern of Bitcoin's price shows signs of a potential breakout. He pointed out that the BTC price has been consolidating within a narrow range for several days, and chart analysis suggests it may attempt to push towards higher price levels.

"My short-term target is $115,000. I know people are highly skeptical about tariffs and Trump's announcements, but the charts point in the opposite direction," he added.

Strong inflow of ETF funds, institutions continuously entering the market to boost the rise

The rise in Bitcoin prices is partly due to the strong capital inflow into the spot Bitcoin ETF. As institutional investors and corporate treasury departments continue to allocate Bitcoin as a means of value storage, the institutional adoption rate of cryptocurrencies is steadily increasing, providing solid support for the market.

The on-chain analysis platform Santiment pointed out that despite many retail investors leaving the market due to feeling "bored" or "fear, uncertainty, and doubt" (FUD), the price of Bitcoin has still risen. The platform stated that historical trends indicate that such moments often signal potential breakouts, as the cryptocurrency market typically moves in the opposite direction of public sentiment.

"History shows that this is a typical sign of a breakout trend, and the direction of the crypto market often goes against the collective expectations," Santiment stated. "When retail investors show FUD, it is usually an excellent time for smart money ( to enter and accumulate positions." This observation suggests that as large investors take advantage of the shift in market sentiment, the Bitcoin bull market is likely to continue.