🚀 Market Snapshot: What a day! #Bitcoin hit a new all-time high of $113,000 today! 📈 Fueled by massive interest, including $4 billion+ in spot ETF volume and public companies buying more BTC than ETFs. El Salvador 🇸🇻 and Tesla 🚗 are sitting on huge unrealized profits. Sentiment is high, with the Crypto Fear & Greed Index hitting 71 (Greed) 💰. 📊 Traditional markets also look strong. The S&P500 closed at a new all-time high, alongside the NASDAQ. JPMorgan and Morgan Stanley both predict continued stock rallies, partly anticipating Fed rate cuts. Fed officials like Waller are even discussing cuts potentially this month. 🏛️ 🇺🇸 Politics & Policy: President Trump remains a key market factor, announcing a 50% tariff on Copper today (effective Aug 1) and placing tariffs on other countries recently. This is already impacting sectors like footwear and is expected to increase price pressure over the summer. He also commented on stocks being at ATHs and crypto being 'through the roof', while continuing to criticize the Fed. The US House is working to make the US the 'crypto capital', and the US Treasury removed crypto broker reporting rules - positive regulatory signs. 👍 📉 Cautionary Notes: Despite the highs, volatility is present. We saw over $500M in crypto liquidations today. The BTC Long/Short Ratio is below 1 (0.58), suggesting leveraged shorts are getting squeezed. Inflation continues to impact purchasing power and costs like home insurance. The US National Debt hit a new ATH. 💸 🔍 Trends & Insights: Both crypto and traditional markets are in a strong 'risk-on' phase. BTC dominance is holding steady around 61.86% (Altcoin Index 24), indicating it's still Bitcoin season, though BlackRock is reportedly buying more ETH than BTC now. Institutional adoption continues with players like Robinhood launching staking and Circle integrating with Ant International. Copper prices saw a dip following the tariff announcement. Key Takeaways: - BTC reached a new ATH ($113k) on strong volume & institutional buying. 🚀 - Stock markets (S&P, NASDAQ) also hit new all-time highs. 📊 - Overall market sentiment is greedy (F&G Index 71) but volatile (high liquidations). 💥 - Trump's tariffs are creating specific sector impacts (Copper). 🇺🇸 - Fed rate cut possibilities are being discussed, potentially supporting markets. 🏦