Bitcoin Rockets Past $100K as Trump’s Crypto Endorsement Ignites Market Frenzy
Politics meets decentralized finance—and traders are cashing in. The 45th president’s surprise pro-crypto stance sends BTC to fresh all-time highs, proving once again that politicians love hopping on bull markets they once called ’a disaster waiting to happen.’
Wall Street analysts scramble to update price targets while muttering about ’speculative excess’—right before quietly increasing their own crypto allocations. The irony’s thicker than a Bitcoin maximalist’s conviction.
Cryptocurrency Experts Weigh In
Raoul Pal, renowned for his expertise in both cryptocurrency and macroeconomics, expressed excitement at Bitcoin’s dramatic rise to $99,888. In his analysis, he suggested that Bitcoin’s market dominance might have reached a peak, potentially paving the way for altcoin surges. He observed several market indicators pointing towards this possibility, comparing current levels to historic peaks in 2021 and 2017.
TraderSZ highlighted Solana
$157, sharing a graph that suggested its potential climb to $180. Meanwhile, Ethereum
$1,991 has surpassed $1,971 after a prolonged period, and if it sustains above $2,100, altcoins may recover rapidly while Bitcoin
$99,432 dominance declines.
Signals of Bitcoin’s Climb
As this article was prepared, the press conference for the UK trade agreement was imminent, with crucial tariff agreements yet to be disclosed, suggesting more volatility for the day in cryptocurrencies. In parallel, significant data revealed by Noach sheds light on investor sentiments, as the supply of BTC on exchanges sharply diminished, indicating limited sell-ready supply amidst ongoing ETF-driven demand.
“The number of individuals depositing BTC on exchanges has reached a 9-year low. Despite Bitcoin exceeding $96,500, the decline in deposit addresses (highlighted in purple) mirrors levels unseen since 2016. Sellers are seemingly exhausted, and those wishing to exit have likely done so already.
Long-term investors are holding stronger than ever, avoiding BTC transfers to exchanges as they plan to hold rather than sell.
Compare the red circles:
– 2016: Shortly before BTC reached $20,000.
– 2025: A similar scenario developing with ETF inflows hitting record highs.
This quiet buildup could lead to a dramatic upward move.”
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