Bitcoin News

Story: Bitcoin Blasts Past $120K as Inflation Data and Tariffs Fuel Rally

By Pankaj K

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Bitcoin Hits Record $122K, Eyes $136K by Year-End. According to CoinDesk market data, Bitcoin briefly touched $122,055 on Monday, setting a new…

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Tariffs and Trade Policy Drive Safe-Haven Demand. President Trump’s decision to impose a 30% tariff on EU and Mexican imports starting August 1 has…

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Inflation Data in Focus as Traders Brace for Fed Clues. All eyes are now on the upcoming U.S. Consumer Price Index (CPI) report.

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Institutional Demand and ETF Inflows Continue to Climb. Bitcoin's price rally is also supported by billions in inflows into U.S. spot Bitcoin ETFs.

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Technical and Macro Trends Align for Bitcoin Bulls. From a technical perspective, Bitcoin’s breakout above $120,000 confirms a bullish continuation…

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Conclusion: Bitcoin Rally Has Momentum, Eyes Set on $136K. With strong macro tailwinds, technical confirmation, and rising institutional demand, Bitcoin…

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Bitcoin has surged to a new all-time high above $120,000, fueled by a mix of macroeconomic pressures, investor optimism, and increased institutional participation.

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The latest breakout follows U.S. President Donald Trump’s recent reveal of a 30% tariff on the EU and Mexico, igniting safe-haven demand and pushing capital into risk-tolerant…

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This recent consolidation, which allowed short-term technical indicators to reset, is now giving way to renewed upside momentum.

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John Glover, CEO of crypto financial services platform Ledn, remains bullish. In a market commentary, Glover stated, “We’ve finally broken to new highs, which confirms the end of…

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He revised his timeline for Bitcoin’s target, now expecting BTC to hit $136,000 by year-end, as opposed to early 2026.

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This tariff reveal is part of a broader trade strategy that has led companies and investors to reconsider asset allocation.

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All eyes are now on the upcoming U.S. Consumer Price Index (CPI) report. The June inflation data, expected this week, could sway expectations around future Federal Reserve…

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Headline CPI to rise 0.25% month-over-month, equating to 2.6% year-over-year growth.

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Core CPI (excluding food and energy) to rise 0.3% monthly, with a 3% annual gain.

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