TLDR
- Bitcoin price reached $87,127.50 as markets responded positively to reports of a targeted Trump tariff approach
- Over 172,705 BTC have been acquired since February 23, indicating growing demand similar to post-FTX collapse patterns
- Active Bitcoin addresses increased by 0.96% to 8.7151 million, showing heightened user engagement
- Transaction counts rose by 1.66% to 498,797, reflecting strong network activity
- The NVT Golden Cross jumped 34.58%, suggesting Bitcoin is well-positioned for continued price growth
Bitcoin’s price hit $87,127.50 on Monday as investors reacted to news about U.S. President Donald Trump’s trade policy plans. This represents a jump from the previous price of $84,347.65.
Investors responded to reports suggesting Trump’s administration may take a more measured approach to implementing new trade tariffs. Instead of broad industry-wide levies, the administration is expected to focus on specific countries with large trade imbalances with the U.S.
This development has helped ease concerns about potential escalations in trade tensions. The more targeted approach reportedly focuses on around 15 nations with persistent deficits, including major economies like China, Japan, India, and Vietnam.
Treasury Secretary Scott Bessent indicated countries might negotiate to avoid higher tariffs by reducing their own trade barriers. This hint at flexibility has increased market confidence in riskier assets like Bitcoin.
Market Indicators
Bitcoin has been trading in a descending wedge channel since the start of 2025. This technical pattern suggests a breakout may be coming soon.
If Bitcoin can push past the $87,379.59 resistance level, it could confirm the beginning of a new bullish trend. However, failure to break this resistance might push prices down to around $78,296.26.
The acquisition of more than 172,705 BTC since February 23 signals a major shift in market dynamics. This surge in demand is similar to patterns seen after the FTX collapse when the market bottomed out.
New investor interest continues to grow steadily. This accumulation phase could drive Bitcoin’s price upward, potentially leading to a new bullish market phase.
Network Activity
Bitcoin’s network metrics show promising growth across several key indicators. Active addresses have increased by 0.96%, reaching a total of 8.7151 million.
This rise highlights growing user engagement and interest from both retail and institutional investors. These numbers reflect healthy adoption trends for the cryptocurrency.
Transaction counts have also increased by 1.66%, totaling 498,797 transactions. This uptick in transaction volume underscores the strong demand for Bitcoin in the market.
The NVT Golden Cross has surged by 34.58%, pointing to a bullish shift in Bitcoin’s outlook. This metric examines the relationship between Bitcoin’s network value and transaction activity.
The recent increase in this indicator signals strengthening network fundamentals. It also reflects growing investor confidence in Bitcoin’s value proposition.
Corporate Developments
Japanese Bitcoin investment firm Metaplanet Inc has appointed Eric Trump to its newly formed Strategic Board of Advisors. The Tokyo-listed company announced this move on Friday.
Metaplanet has been building its Bitcoin holdings and currently owns over 3,200 BTC. The company has plans to grow its reserves to 10,000 BTC by the end of 2025.
Eric Trump’s experience in finance and branding is expected to support Metaplanet’s expansion strategy. The company aims to enhance its global presence and drive Bitcoin adoption.
Metaplanet has positioned itself as Japan’s leading Bitcoin Treasury Company. This appointment comes as more companies look to add Bitcoin to their corporate treasuries.
Broader Crypto Market
Most altcoins have also risen alongside Bitcoin’s price increase. Ethereum, the second-largest cryptocurrency, rose 3.3% to $2,069.05.
XRP, the third-largest crypto, increased by 3.1% to $2.4652. Other major cryptocurrencies showed strong performance as well.
Solana jumped 6.2%, while Cardano gained 2% and Polygon climbed 2.8%. The positive momentum extended across the cryptocurrency market.
Among meme tokens, Dogecoin rose 3.5%, while $TRUMP surged 9.4%. This widespread rally reflects growing optimism in the crypto market.
The combined factors of rising BTC acquisitions, growing network activity, and technical breakout potential indicate that Bitcoin may be entering a new bullish phase. With increased demand and positive technical indicators, Bitcoin appears positioned for continued price movement in the near term.
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