{"content":"Bitcoin Hovers Near $109K After Historic Weekly Close Bitcoin fell below $109,000 on Monday following its best weekly closing ever. Corporate and institutional demand continues strong as Metaplanet adds 2,205 BTC and spot Bitcoin ETFs pulled in $769.60 million last week. This week, trade news will include claims that the Trump administration may prolong the tariff truce until August 1. After its greatest weekly closing ever, Bitcoin (BTC) is barely below $109,000 on Monday. SoSoValue statistics reveal spot Bitcoin ETFs had $769.60 million in inflows last week, the fourth consecutive weekly gain since mid-June. BTC might hit record highs this week if influx continues and accelerates. Corporate BTC demand remains strong alongside institutional investor demand. Monday saw Japanese investment company Metaplanet buy 2,205 BTC, raising its total to 15,555 BTC. The Blockchain Group acquired 116 BTC the same day, boosting its total to 1,904 BTC. The Trump administration may prolong the tariff moratorium until August 1. As investors digest US tariff news, markets become risk-averse at the start of the week. Last week's US macroeconomic statistics indicated that June Nonfarm Payrolls climbed 147,000, compared to 110,000 expected and 144,000 in May. Contrary to expectations, the unemployment rate fell to 4.1% last month from 4.3% and 4.2% in May. Elon Musk's America Party backs Bitcoin The America Party, founded by Elon Musk, will embrace Bitcoin. Musk said, “Fiat is hopeless, so yes.” on X whether the American Party would adopt Bitcoin. Bitcoin Price Forecast: Will BTC hit historic highs? Bitcoin rallied Sunday after retesting the top edge of a broken consolidation zone around $108,355. BTC is approximately $109,000 as of Monday. However, if BTC corrects and closes below its support at $108,355, it could extend the decline to retest the lower boundary of the consolidation zone at $105,333, which roughly coincides with the 50-day EMA at $105,158, making this a key support zone. #TrumpTariffs #MuskAmericaParty #TrumpVsMusk #SaylorBTCPurchase $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/07/f91649e294e64dea8257ec28f44136a0.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}