TLDR
- Since February 23, the market has absorbed over 172,705 BTC, highlighting an upward trend in demand.
- On Monday, March 24, 2025, Bitcoin's trading figure hit $87,127.
- Come April 2, the Trump administration looks set to apply more refined trade tariffs rather than sweeping measures.
- Institutional investors remain engaged, with a steady inflow into ETFs observed over the past six days.
- Arthur Hayes forecasts potential for Bitcoin to rise to $110,000 before revisiting the $76,500 level.
Monday morning saw a spike in Bitcoin's price to $87,127, marking a 3.46% gain as investors respond to reports of targeted trade tariffs by Trump.
Recently, Bitcoin has been on a rollercoaster of volatility, dipping below $80,000 and then returning to the $87,000 region.
Speculation is rife that the Trump administration will target countries with significant trade disparities, namely the 'dirty 15,' including giants such as China and Japan.
Treasury Secretary Scott Bessent hints at possible negotiations to evade increased tariffs, suggesting that countries reducing their own barriers might avoid new US tariffs.
The market's apprehensions over trade tensions have eased due to a more precise approach to tariffs, boosting risky assets like cryptocurrencies.
Bitcoin's recent ascension aligns with a substantial period of accumulation indicated by the acquisition of over 172,705 BTC since late February.
Similar demand patterns were witnessed following the FTX debacle, marking a market bottom before a resurgence.
Adding to the positive momentum, active Bitcoin addresses have increased by 0.96%, pushing the total user base to 8.7151 million.
The surge in transaction counts by 1.66% to nearly half a million transactions underscores vibrant user activity and interest from both retail and institutional players.
Big Money Moves In
The NVT Golden Cross has catapulted by 34.58%, indicating robust network strength and increased investor trust.
Institutional investors are propelling Bitcoin’s this upward trajectory, evidenced by six consecutive days of inflows into US spot Bitcoin ETFs, showcasing renewed enthusiasm from major investors.
Metaplanet Inc, a Japanese Bitcoin investment entity, is significantly bolstering its Bitcoin holdings, now at over 3,200 BTC, with plans to reach 10,000 BTC by the close of 2025.
Eric Trump, son of President Donald Trump, has joined Metaplanet's Strategic Board of Advisors, bridging crypto and politics with his financial and branding expertise expected to fuel company growth.
Ex-BitMEX CEO Arthur Hayes remains optimistic, projecting that Bitcoin will surge to $110,000 before dipping back to the $76,500 mark.
I bet $BTC hits $110k before it retests $76.5k.
Why? The Federal Reserve is transitioning from quantitative tightening to easing for treasuries. Plus, tariffs are rendered insignificant due to 'transitory inflation'... Just ask JAYPOW.
I'll dive deeper into this subject in my next article; consider this a teaser for your TikTok-informed mindset.
— Arthur Hayes (@CryptoHayes) March 24, 2025
Hayes's positive outlook is founded on the belief that the Fed's shift from quantitative tightening to easing will channel more liquidity into risk-leaning assets, like Bitcoin.
All eyes this week are on the Federal Reserve’s core PCE price index, the main inflation measure, anticipated to rise slightly from 2.6% to 2.7%, potentially shaping market sentiment. for Bitcoin and other digital assets.
Bitcoin exhibits signs of entering a notable growth phase, driven by technical indicators pointing to a breakout and strong fundamental metrics. The combination of institutional interest and sound network data suggests the rally might persist.
