U.S. stocks showed mixed performance on Tuesday (7/1), hovering near historic highs. Federal Reserve Chair Jerome Powell, after days of criticism from former President Trump, finally addressed the tension directly: "Without tariffs, the Fed would have cut rates earlier!" Meanwhile, spot Bitcoin ETFs marked 15 consecutive days of net inflows, and the SEC accelerated approvals for crypto ETFs. Could this momentum propel Bitcoin—already near record levels—to new peaks?
Powell: "Fed Would Have Cut Rates Earlier Without Tariffs"
U.S. job openings in May hit an 11-month high, driven by leisure and hospitality sectors, while layoffs declined. Fed policymakers have consistently described recent labor market conditions as "strong."
The June jobs report, due Thursday, is expected to show slower nonfarm payroll growth and a slight uptick in unemployment.
At the ECB Forum in Sintra, Portugal, Powell countered Trump's attacks, stating that expanded tariffs delayed potential rate cuts. However, he left the door open for a July rate reduction, emphasizing data-dependent decision-making.
CME FedWatch data suggests traders anticipate a September rate cut, with possible additional cuts in October and December—adjusting from earlier expectations of two cuts in 2025.
Spot Bitcoin ETFs: 15 Straight Days of Inflows as SEC Fast-Tracks Crypto ETF Approvals
With Bitcoin prices just 5% below all-time highs, U.S. spot Bitcoin ETFs have attracted $4.7 billion over 15 consecutive trading days.
Nate Geraci, President of ETF Store, noted:
"Nearly $5 billion in new capital—not annually, but in just 15 days."
This surpasses many experts' initial projections of $5 billion in first-year inflows.
The SEC has accelerated crypto ETF approvals, greenlighting Grayscale’s Digital Large Cap Fund LLC—a mixed-asset fund holding BTC, ETH, SOL, ADA, and XRP—signaling potential for more diversified crypto investment products.
(Related: Solana Staking ETF Debuts July 3 as First SEC-Approved C-Corp Crypto ETF)
FAQ Section
Q1: Why are Bitcoin ETFs attracting so much capital?
A1: Institutional demand, regulatory clarity, and Bitcoin's scarcity (halving events) drive ETF inflows.
Q2: How does SEC approval impact crypto markets?
A2: Accelerated approvals boost investor confidence, legitimizing crypto as an asset class and increasing liquidity.
Q3: Could Bitcoin surpass $100,000 in 2025?
A3: While possible, it depends on macroeconomic factors, ETF inflows, and adoption trends. Historic cycles suggest volatile but upward momentum.
👉 Explore Bitcoin ETFs and Trading Strategies
Risk Disclosure
Cryptocurrency investments are highly volatile. You may lose all invested capital. Assess risks carefully.