TLDR
- Over 172,705 BTC acquired since February 23, signaling increased market demand
- Bitcoin trading at $87,127 as of Monday, March 24, 2025
- Trump administration expected to implement targeted rather than broad tariffs on April 2
- Institutional investors showing continued interest with six consecutive days of ETF inflows
- Arthur Hayes predicts Bitcoin could reach $110,000 before retesting the $76,500 mark
Bitcoin’s price has surged to $87,127 as of Monday morning, showing a 3.46% increase in trading. The jump comes as investors react positively to reports that President Donald Trump may take a more measured approach to implementing new trade tariffs.
The world’s largest cryptocurrency has been experiencing high volatility in recent weeks. Price swings saw Bitcoin drop below $80,000 before rebounding to current levels around $87,000.
Rather than imposing broad industry-wide tariffs, the Trump administration is expected to target specific countries with major trade imbalances with the United States. This group, reportedly dubbed the “dirty 15,” could include major economies such as China, Japan, India, and Vietnam.
Treasury Secretary Scott Bessent has suggested that countries might be able to negotiate to avoid higher tariffs. Nations could potentially reduce their own trade barriers as a way to avoid new U.S. tariffs.
The more targeted approach to tariffs has helped ease market concerns about trade tensions. This has led to increased confidence in riskier assets like cryptocurrencies.
Bitcoin’s recent price movement comes alongside a major accumulation phase. Over 172,705 BTC have been acquired since February 23, indicating growing demand in the market.
This increase in demand mirrors similar activity seen after the FTX collapse. That period marked the bottom of the market before a recovery phase began.
Network data also shows encouraging signs of growth. Active Bitcoin addresses have risen by 0.96%, reaching a total of 8.7151 million users.
Transaction counts have surged by 1.66%, totaling nearly 500,000 transactions. These metrics highlight strong user engagement and reflect interest from both retail and institutional investors.
Big Money Moves In
The NVT Golden Cross, a metric that analyzes the relationship between Bitcoin’s network value and transaction activity, has surged by 34.58%. This suggests strengthening network fundamentals and growing investor confidence.
Institutional investors continue to fuel Bitcoin’s upward momentum. Spot Bitcoin ETFs in the US have recorded six consecutive days of inflows, showing renewed demand from larger investors.
Japanese Bitcoin investment firm Metaplanet Inc has been increasing its holdings. The company currently holds over 3,200 BTC and plans to grow its reserves to 10,000 BTC by the end of 2025.
In a move that connects the crypto world with the political sphere, Metaplanet has named Eric Trump to its Strategic Board of Advisors. The son of President Donald Trump is expected to support the company’s expansion strategy with his experience in finance and branding.
Former BitMEX CEO Arthur Hayes remains bullish on Bitcoin’s future. He predicts Bitcoin will surge to $110,000 before testing the $76,500 mark again.
I bet $BTC hits $110k before it retests $76.5k.
Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause “transitory inflation”. JAYPOW told me so.
I’ll expound on that in my next essay, that’s the TLDR for your TikTok peanut brain.
— Arthur Hayes (@CryptoHayes) March 24, 2025
Hayes bases his optimism on expectations that the Federal Reserve will shift from quantitative tightening to quantitative easing. This change could inject more liquidity into risk assets like Bitcoin.
This week, market attention will focus on the Federal Reserve’s core PCE price index, the central bank’s preferred inflation gauge. Analysts expect a slight uptick from 2.6% to 2.7%, which could influence market sentiment for Bitcoin and other digital assets.
With technical indicators pointing to a potential breakout and fundamental metrics showing strength, Bitcoin appears to be entering a new phase of growth. The combination of institutional interest and improving network metrics suggests the rally may have room to continue.
