Bitcoin (BTC) made a sharp upward move on Monday, hitting $95,490 as investors awaited U.S. President Donald Trump's 100-day speech—an event that has gained market significance amid his growing influence on digital asset policy.
Most notably, Trump floated the idea of establishing a national strategic reserve of Bitcoin.
Billions Pulled from Exchanges Signal Investor Optimism
On-chain data revealed that over $4 billion worth of Bitcoin was withdrawn from trading platforms last week, indicating a strong trend toward long-term holding (HODLing). This pattern typically reflects confidence in future price increases.
Recent BTC Performance Snapshot:
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Daily price range: $92,953 to $95,490
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24-hour gain: +0.8%
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Weekly performance: +8.9%
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30-day gain: +15%
Trump’s Policies and the Crypto Market
Bitcoin’s latest rally coincided with gains in major U.S. tech stocks, driven by speculation that Trump’s administration may formally recognize Bitcoin as part of a broader financial strategy. Analysts believe such a move could trigger a parabolic price breakout above $100,000.
However, Trump’s recent talk of sweeping tariffs and aggressive spending cuts could weigh on equities and limit Bitcoin’s upside in the short term.
Rates, Inflation, and the Fed Factor
Since peaking at 9.1% in 2022, U.S. inflation has declined to 2.4% as of March 2025. Still, economists warn that Trump’s tariff policies could reignite inflationary pressures, especially given his repeated calls for interest rate cuts and threats to fire Federal Reserve Chair Jerome Powell.
Despite the political tension, CME FedWatch Tool shows a 90.1% market expectation that interest rates will remain unchanged at the next Fed meeting on May 7.
Bitcoin as a Safe Haven Asset?
Trump’s tariff threats—aimed at a wide range of imported goods—have added volatility to equity markets. In contrast, Bitcoin is increasingly being viewed as a hedge against geopolitical and economic risk, immune to supply chain disruptions and political friction.
YTD Market Comparison:
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Bitcoin: +5.6%
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Nasdaq: -5%
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S&P 500 & Dow Jones: -5%
What’s Ahead for BTC This Week?
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Bitcoin is holding above the $90K level, reinforcing market confidence in continued upside.
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CryptoQuant data confirms a drop in exchange reserves from $237.8B to $233.8B since April 22.
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Declining supply and rising demand strengthen the case for a breakout past $100K in the coming weeks.
Bottom Line
As global economic uncertainty persists, Bitcoin continues to prove itself as a reliable alternative asset. With demand rising and available supply shrinking, the $100,000 milestone may be closer than many think.
