- Bitcoin climbed above $95,490 Monday forward of Trump’s 100-day speech, eyeing coverage readability.
- Potential affirmation of a US Bitcoin strategic reserve might be a serious catalyst in direction of $100K.
- Bitcoin reveals resilience (YTD +5.6%) vs. US shares (YTD -5%) amid tariff uncertainty, boosting safe-haven attraction.
Bitcoin demonstrated renewed power on Monday, climbing again above the numerous $95,000 mark because the broader monetary markets turned their focus in direction of President Donald Trump’s upcoming 100-day coverage assessment speech.
Amidst a posh macroeconomic backdrop formed by Trump’s second time period insurance policies, on-chain information exhibiting vital Bitcoin withdrawals from exchanges added gasoline to bullish sentiment, prompting hypothesis a couple of potential push in direction of the $100,000 milestone.
Anticipation builds forward of Trump’s 100-day assessment
After a interval of consolidation, Bitcoin costs pushed larger, reaching ranges above $95,490 based on CoinGecko information, marking an 0.8% acquire over 24 hours and reflecting a strong 8.9% enhance week-over-week.
This worth motion mirrored gains seen in US fairness markets, notably amongst prime know-how shares, as buyers awaited readability from Trump’s handle.
Crypto-related insurance policies have been a notable function of Trump’s second time period to this point, and market members are notably eager for updates on proposals just like the potential creation of a US Bitcoin strategic reserve.
A definitive announcement confirming the strategic reserve initiative may function a robust catalyst, doubtlessly triggering a fast (“parabolic”) transfer in direction of and past $100,000.
Conversely, renewed emphasis on aggressive tariff methods or drastic finances cuts within the speech may dampen general market sentiment, doubtlessly capping Bitcoin’s near-term upside regardless of its latest resilience.
Macro crosscurrents: tariffs, inflation, and Fed stress
The first 100 days of Trump’s time period have been marked by distinct coverage developments influencing market dynamics.
While US inflation has continued its downward development (falling from a 9.1% peak in 2022 to 2.4% in March 2025, per TradingEconomics), Trump’s continued advocacy for tariffs – measures broadly warned by economists as doubtlessly inflationary – creates rigidity.
The President has claimed victory over inflation whereas concurrently pushing for insurance policies that might reignite worth pressures.
This backdrop informs Trump’s not too long ago intensified requires the Federal Reserve to chop rates of interest, together with public stress and threats aimed toward changing Fed Chair Jerome Powell.
While these pronouncements have sparked market hypothesis, information from the CME FedWatch software nonetheless signifies a dominant (90.1%) chance that the Fed will preserve present charges at its upcoming May 7 FOMC assembly.
However, the administration’s give attention to tariffs (“impose across-the-board tariffs on most foreign-made goods”) continues to inject uncertainty into US inventory markets.
This uncertainty seems to be bolstering Bitcoin’s narrative as a possible safe-haven asset, comparatively insulated from direct geopolitical commerce spats and provide chain disruptions.
Notably, Bitcoin has posted year-to-date gains of 5.6%, contrasting with declines seen within the S&P 500 and Dow Jones indices (down 5% YTD) throughout the identical interval.
Should Trump’s insurance policies proceed to foster volatility in conventional monetary (TradFi) markets, Bitcoin’s perceived resilience may entice additional capital inflows.
On-chain flows sign accumulation?
Adding weight to the bullish case is compelling on-chain information indicating vital Bitcoin motion off cryptocurrency exchanges.
Analysis from CryptoQuant reveals that buyers have withdrawn over $4 billion value of Bitcoin from tracked change wallets since Trump’s latest requires fee cuts started round April 22.
Total change reserve balances reportedly fell from $237.8 billion to $233.8 billion throughout this era.
This development of cash leaving exchanges is usually interpreted bullishly, because it suggests buyers are shifting Bitcoin into personal storage (“cold wallets”) for longer-term holding fairly than maintaining it available on the market on buying and selling platforms.
This discount in simply accessible provide, coupled with doubtlessly regular or growing demand triggers (just like the safe-haven narrative or strategic reserve information), strengthens the argument for a possible worth breakout.
Bitcoin exams $95K resistance, eyes $100K breakout
With demand elements seemingly energetic and change provide tightening, the technical image comes into sharp focus. Bitcoin is at present testing the numerous resistance zone round 95,000−95,500.
Successfully overcoming and holding above this stage is seen as essential for confirming the subsequent leg larger.
The $100,000 psychological milestone stays the important thing upside goal within the close to time period, with the confluence of macro uncertainty, potential coverage catalysts from Trump’s speech, and supportive on-chain information suggesting the stage might be set for such a transfer.
