Bitcoin Eyes $120K as Institutional Demand Grows Amid Trade Tensions Ease
Bitcoin has rebounded to $109,600 following U.S. President Donald Trump’s decision to postpone proposed EU tariffs, easing global trade tensions. Institutional investors are now targeting $120,000, with over $500 million in options activity signaling strong bullish sentiment. This article explores the factors driving Bitcoin’s recovery and the growing institutional interest in the cryptocurrency.
Bitcoin Rebounds to $109K as Trump Postpones EU Tariffs, Easing Trade Tensions
Bitcoin surged back to $109,600, recovering from last week’s trade-induced dip after U.S. President Donald TRUMP announced a delay to his proposed 50% tariff hike on European Union imports. The move offered markets, both traditional and digital, a rare moment of calm amid persistent global trade uncertainty.
Institutional investors are eyeing $120,000 BTC, with over $500 million in options activity signaling strong conviction. Traditional markets also ROSE as S&P 500, Dow, and Nasdaq futures gained on hopes of U.S.-EU trade progress.
The decision followed a high-stakes phone call between President Trump and European Commission President Ursula von der Leyen. EU leaders reportedly requested more time to finalize negotiations, easing immediate tensions and fueling Optimism across asset classes.
Bitcoin Rebounds as EU Tariff Deadline Extended
Bitcoin’s 4% Friday plunge reversed after the Trump administration delayed EU tariffs until June 9, demonstrating crypto’s growing resilience to macro shocks. The $4,400 dip triggered a natural rebound as oversold conditions attracted buyers.
Market structure suggests bulls remain in control. Traders now watch whether this marks the next leg up in Bitcoin’s bull cycle or merely a temporary reprieve before further consolidation. The speed of recovery highlights how geopolitical tremors increasingly produce shorter-lived crypto volatility.
Bitcoin Bull Run Intact, But New Sell Signals Flash: Is a Market Cool-Off Ahead?
Bitcoin maintained its upward trajectory last week, even as underlying indicators hinted at potential turbulence. Institutional demand remains robust, while retail activity shows signs of cooling, suggesting a shift into a distribution phase. Analyst Axel Adler Jr. highlights key on-chain data that may signal BTC’s next move.
Active Bitcoin addresses dropped 6.56% over seven days, falling from 8.62 million to 8.06 million—a decline typically associated with retail traders pulling back. This divergence between institutional and retail participation creates a nuanced market dynamic where short-term volatility may emerge within the broader bullish trend.
Florida Moves to Eliminate Capital Gains Tax on Bitcoin
Florida has taken a significant step toward becoming a cryptocurrency hub with a new bill proposing the elimination of capital gains taxes on Bitcoin transactions. The legislation, if enacted, would position Florida as one of the most crypto-friendly jurisdictions in the United States.
The proposal aims to accelerate bitcoin adoption by removing tax barriers for investors and long-term holders. Advocates argue the measure could stimulate technological innovation and attract blockchain businesses seeking favorable regulatory environments.
This legislative MOVE comes as states increasingly compete to establish themselves as leaders in digital asset innovation. Florida’s approach may create a blueprint for other jurisdictions considering similar economic development strategies.
MicroStrategy Doubles Down on Bitcoin Accumulation Amid Market Correction
MicroStrategy has reaffirmed its position as the most aggressive corporate buyer of Bitcoin, amassing over 576,000 BTC worth $21.8 billion despite recent price volatility. The company’s unrealized profits now exceed $6 billion, underscoring its conviction in Bitcoin’s long-term value proposition.
CEO Michael Saylor signaled plans to continue acquiring BTC during the current dip, with the cryptocurrency retreating from its $112,000 all-time high to $107,395. This buying strategy marks what WOULD be MicroStrategy’s seventh consecutive week of Bitcoin purchases, demonstrating remarkable consistency in its treasury allocation policy.
Analysts suggest MicroStrategy’s growing Bitcoin reserves could eventually propel its market valuation to $10 trillion, positioning it as a de facto Bitcoin proxy for institutional investors. The company’s persistent accumulation highlights growing corporate acceptance of cryptocurrency as a treasury reserve asset.
