Trump’s delay of customs duties until August 1st has also supported the Bitcoin price. Following the signing of an executive order by Trump postponing the start of new reciprocal tariffs until August 1st, Bitcoin saw a slight increase, gaining 0.4% to reach $108,363.
While the postponement of the deadline offers temporary relief to markets, including cryptocurrencies, uncertainty regarding trade policy continues to put pressure on investor sentiment.
Meanwhile, strong capital inflows into crypto ETFs continue. On July 7th, spot Bitcoin ETFs recorded $217 million in net inflows, marking their third consecutive day of positive momentum. Spot Ethereum ETFs also showed strong performance with $62.11 million in net inflows, and no outflows were reported across all nine funds.
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