Bitcoin reached a new weekly closing high of $109,200, with July potentially hitting $136,000.

Introduction: Despite the apparent differences between Trump and Musk recently, the factors from both have jointly propelled Bitcoin to achieve a historic weekly Closing Price of $109,200, which is $140 higher than the record in May. Analysts expect the rise to continue, with July potentially reaching $136,000.

[Strong Bullish: Multi-Factor Driven Bitcoin Breaks Expectations] Traders continue to bet on Bitcoin breaking the $112,000 mark, with bullish sentiment stemming from multiple positive factors:

• Easing of Geopolitical Tensions in the Middle East: The Iran-Israel conflict has de-escalated, reducing the market's demand for safe-haven assets.
• Institutional Cryptocurrency Adoption Accelerates: Large investors continue to enter the market, providing support.
• Global Liquidity Wave Expectations: Central bank policies shift towards easing, with funds flowing into risk assets.

【Trump Effect: Fiscal Stimulus and Weak Dollar Favor Bitcoin】

• Tariff Delay and Fiscal Bill: President Trump announced the postponement of tariffs until August 1, and signed the "One Big Beautiful Bill," which permanently reduces taxes and raises the debt ceiling by $5 trillion.
• Increased Concerns Over Debt and Inflation: Analysts warn that the plan could lead to an increase of $7 trillion in U.S. national debt over the next decade, raising concerns about fiat currency devaluation and the risk of hyperinflation.
• Strengthening Hard Asset Logic: Bitcoin is regarded as a hedge against currency devaluation. Experts point out: "The currency devaluation game is escalating again." The dollar is experiencing its worst first half in over 50 years, and the outlook remains bleak. Senior economists state: "Recent budget, tariff inflation effects, and Trump's remarks on the Federal Reserve are all unfavorable to the US economy and the dollar's prospects."

[Musk's Position Shift: New Political Party Embraces Bitcoin, Criticizes Fiscal Deficit]

• Disagreement with Former Allies: Trump's former confidant Elon Musk harshly criticized the soaring fiscal deficit in the United States, warning that it would "lead to national bankruptcy."
• Turning to the Crypto Camp: Musk confirmed that his newly established centrist "American Party" will support Bitcoin, replying on the X platform: "Fiat currency is hopeless, so yes (support Bitcoin)." This move is seen as a strategy to attract the crypto-friendly group among Trump supporters.

[Bullish Prediction: Geopolitical Easing and Global Loosening Boost Bitcoin]

• Historical Patterns Indicate Rise: A Bitwise research report indicates that within 50 days after geopolitical shocks cause a global market pullback, Bitcoin prices often rise by as much as 30%.
• July Target $136,000: Based on the de-escalation of the Iran-Israel conflict, this pattern suggests that the Bitcoin price may hit $136,000.
• Global Interest Rate Cuts Inject Liquidity: The Head of Research at Bitwise Europe emphasizes that central banks worldwide continue to lower interest rates, injecting substantial liquidity into the market. The low interest rate environment typically encourages investors to turn to high-risk, high-reward assets such as Bitcoin.

[Cryptocurrency Market Dynamics: Bitcoin, Ethereum Latest Prices (Gate Market)]

• Bitcoin Price: Rose 0.8% in the past 24 hours, currently at $108,764.7.
• Ethereum Price: Increased by 2.28% during the same period, currently reported at $2,563.78.