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- Bitcoin climbed above $95,490 Monday ahead of Trump\u2019s 100-day speech, eyeing policy clarity.<\/li>\n
- Potential confirmation of a US Bitcoin strategic reserve could be a major catalyst towards $100K.<\/li>\n
- Bitcoin shows resilience (YTD +5.6%) vs. US stocks (YTD -5%) amid tariff uncertainty, boosting safe-haven appeal.<\/li>\n<\/ul>\n
Bitcoin demonstrated renewed strength on Monday, climbing back above the significant $95,000 mark as the broader financial markets turned their focus towards President Donald Trump\u2019s upcoming 100-day policy review speech.<\/p>\n
Amidst a complex macroeconomic backdrop shaped by Trump\u2019s second term policies, on-chain data showing significant Bitcoin withdrawals from exchanges added fuel to bullish sentiment, prompting speculation about a potential push towards the $100,000 milestone.<\/p>\n
Bitcoins Anticipation builds ahead of Trump\u2019s 100-day review<\/h2>\n
After a period of consolidation, Bitcoin prices pushed higher, reaching levels above $95,490 according to CoinGecko data, marking an 0.8% gain over 24 hours and reflecting a robust 8.9% increase week-over-week.<\/p>\n
This price action mirrored gains seen in US equity markets, particularly among top technology stocks, as investors awaited clarity from Trump\u2019s address.<\/p>\n
Crypto-related policies have been a notable feature of Trump\u2019s second term thus far, and market participants are particularly keen for updates on proposals like the potential creation of a US Bitcoin strategic reserve.<\/p>\n
A definitive announcement confirming the strategic reserve initiative could serve as a powerful catalyst, potentially triggering a rapid (\u201cparabolic\u201d) move towards and beyond $100,000.<\/p>\n
Conversely, renewed emphasis on aggressive tariff strategies or drastic budget cuts in the speech could dampen overall market sentiment, potentially capping Bitcoin\u2019s near-term upside despite its recent resilience.<\/p>\n
Bitcoins Macro crosscurrents: tariffs, inflation, and Fed pressure<\/h2>\n
The first 100 days of Trump\u2019s term have been marked by distinct policy trends influencing market dynamics.<\/p>\n
While US inflation has continued its downward trend (falling from a 9.1% peak in 2022 to 2.4% in March 2025, per TradingEconomics), Trump\u2019s continued advocacy for tariffs \u2013 measures widely warned by economists as potentially inflationary \u2013 creates tension.<\/p>\n
The President has claimed victory over inflation while simultaneously pushing for policies that could reignite price pressures.<\/p>\n
This backdrop informs Trump\u2019s recently intensified calls for the Federal Reserve to cut interest rates, including public pressure and threats aimed at replacing Fed Chair Jerome Powell.<\/p>\n
While these pronouncements have sparked market speculation, data from the CME FedWatch tool still indicates a dominant (90.1%) probability that the Fed will maintain current rates at its upcoming May 7 FOMC meeting.<\/p>\n
However, the administration\u2019s focus on tariffs (\u201cimpose across-the-board tariffs on most foreign-made goods\u201d) continues to inject uncertainty into US stock markets.<\/p>\n
This uncertainty appears to be bolstering Bitcoin\u2019s narrative as a potential safe-haven asset, relatively insulated from direct geopolitical trade spats and supply chain disruptions.<\/p>\n
Notably, Bitcoin has posted year-to-date gains of 5.6%, contrasting with declines seen in the S&P 500 and Dow Jones indices (down 5% YTD) during the same period.<\/p>\n
Should Trump\u2019s policies continue to foster volatility in traditional financial (TradFi) markets, Bitcoin\u2019s perceived resilience could attract further capital inflows.<\/p>\n
Bitcoins On-chain flows signal accumulation?<\/h2>\n
Adding weight to the bullish case is compelling on-chain data indicating significant Bitcoin movement off cryptocurrency exchanges.<\/p>\n
Analysis from CryptoQuant reveals that investors have withdrawn over $4 billion worth of Bitcoin from tracked exchange wallets since Trump\u2019s recent calls for rate cuts began around April 22.<\/p>\n
Total exchange reserve balances reportedly fell from $237.8 billion to $233.8 billion during this period.<\/p>\n
This trend of coins leaving exchanges is often interpreted bullishly, as it suggests investors are moving Bitcoin into private storage (\u201ccold wallets\u201d) for longer-term holding rather than keeping it readily available for sale on trading platforms.<\/p>\n
This reduction in easily accessible supply, coupled with potentially steady or increasing demand triggers (like the safe-haven narrative or strategic reserve news), strengthens the argument for a potential price breakout.<\/p>\n
Bitcoins Bitcoin tests $95K resistance, eyes $100K breakout<\/h2>\n
With demand factors seemingly active and exchange supply tightening, the technical picture comes into sharp focus. Bitcoin is currently testing the significant resistance zone around 95,000\u221295,500.<\/p>\n
Successfully overcoming and holding above this level is seen as crucial for confirming the next leg higher.<\/p>\n
The $100,000 psychological milestone remains the key upside target in the near term, with the confluence of macro uncertainty, potential policy catalysts from Trump\u2019s speech, and supportive on-chain data suggesting the stage could be set for such a move.<\/p>\n