Bitcoin Surges Past $90K as Market Sentiment Turns Bullish: What’s Next? 🚀
Bitcoin (BTC) has once again proven its resilience, surging past $90,000 following a shift in global economic sentiment. A combination of Donald Trump delaying auto tariffs on Canada and Mexico, Germany loosening debt limits, and China increasing its budget deficit has fueled optimism across risk markets, pushing both stocks and crypto higher.
With Bitcoin leading the charge, altcoins like Bitcoin Cash (BCH), Chainlink (LINK), and Aptos (APT) posted double-digit gains, signaling renewed bullish momentum in the market. But is this just a short-term pump, or are we looking at a sustained rally? Let’s break it down.
🌍 Macroeconomic Factors Driving Bitcoin’s Surge
1️⃣ Trump’s Tariff Delay: Risk-On Sentiment Returns
The U.S. government delayed new tariffs on auto imports from Canada and Mexico by a month—just a day after enacting them. This move eased investor fears, leading to a rally in both traditional markets and crypto.
2️⃣ S&P 500 and Nasdaq Rally
The S&P 500 and Nasdaq also climbed 1.5% and 1.2%, respectively, reflecting a broad-based recovery in risk assets. Notably, crypto-related stocks such as Coinbase (COIN) and MicroStrategy (MSTR) saw impressive gains, with MicroStrategy up nearly 10%.
3️⃣ Weakening U.S. Dollar (DXY): A Catalyst for Bitcoin
Historically, when the U.S. dollar weakens, Bitcoin benefits as traders and investors seek alternative stores of value. The Dollar Index (DXY) just hit its lowest level since early November, falling over 5% from its mid-January peak—a clear bullish sign for BTC.
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📊 Bitcoin's Fundamentals Show Strength
Despite recent volatility, Swissblock’s Bitcoin Fundamental Index suggests that BTC’s network health remains strong. Analysts believe that the market is shifting back into a bullish quadrant, reducing the chances of a prolonged bear market.
According to market strategist Joel Kruger (LMAX Group):
> “With Fed rate expectations shifting toward more rate cuts in 2025 and Bitcoin proving its strength as a store of value, there are plenty of reasons to expect Bitcoin to be well supported on dips.”
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📈 What’s Next for Bitcoin? Price Outlook & Key Levels
🟢 Bullish Scenario: BTC Eyes $100K
If BTC holds above $90K, we could see a move toward the psychological resistance at $100K in the coming weeks.
A breakout above this level could trigger FOMO-driven buying, pushing BTC into price discovery mode.
🔴 Bearish Scenario: A Healthy Pullback?
If BTC fails to hold $90K, a retracement to key support levels at $87K and $84K is possible before another push higher.
However, strong demand at lower levels suggests that dips will likely be bought up quickly.
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🔥 Altcoins to Watch in This Rally
With Bitcoin leading the charge, several altcoins have outperformed the market, showing potential for further gains:
✅ Bitcoin Cash (BCH) – Up double digits as Bitcoin’s price surge revives interest in BTC forks.
✅ Chainlink (LINK) – Continued growth in DeFi and oracle integrations make LINK a strong contender.
✅ Aptos (APT) – Strong momentum in Layer 1 blockchain narratives.
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🚀 Final Thoughts: Is Bitcoin Ready for New Highs?
The combination of weaker USD, macroeconomic shifts, and strong Bitcoin fundamentals creates a perfect storm for a sustained uptrend. While short-term volatility remains, the overall market sentiment is tilting bullish, setting the stage for potential new all-time highs.
📢 What do you think? Will Bitcoin hit $100K next, or is a correction incoming? Drop your insights below!
#Bitget_InsightsTrader #Bitget_Insights #TradeSmarter #Bitcoin #CryptoMarket #BTC90K #CryptoNews #Altcoins #FuturesTrading #Bullish $BTC $ETH $TRUMP $PI
Bitcoin (BTC) price plunged from $93,700 to $89,250 in under an hour on March 3, wiping out half of
Bitcoin (BTC) price plunged from $93,700 to $89,250 in under an hour on March 3, wiping out half of the previous day’s gains. The drop likely triggered panic among traders as S&P 500 index futures fell 1% following China’s announcement of retaliatory measures against the United States’ additional 10% import tariffs.Despite the sell-off, Bitcoin’s chances of reclaiming the $90,000 support remain strong. On March 2, US President Donald Trump stated that Bitcoin and Ether (ETH) would be key components of the country’s strategic digital asset reserves. Trump also hinted that further details would be disclosed during the first government crypto summit on March 7.Bitcoin/USD (left, orange) vs. S&P 500 futures (right). Source: TradingView/CointelegraphThe primary driver behind Bitcoin’s price drop on March 3 was the excessive expectations fueled by Trump’s weekend posts. Investors quickly realized the bureaucratic hurdles involved, including a lengthy approval process and the need for congressional approval. Additionally, doubts remain over whether the plan would involve actual purchases of these cryptocurrencies.Source: MetaLawManAurelie Barthere, principal research analyst at blockchain analytics firm Nansen, correctly anticipated that Bitcoin’s rally to $94,500 over the weekend was unsustainable. The 21% surge from the $78,300 low on Feb. 28 appeared exaggerated to some market participants, particularly given the ongoing global tariff war and broader macroeconomic uncertainty.China's tariff retaliation could harm US economy; crypto reserve funding remains uncertainChina vowed to retaliate against Trump’s 10% tariff by targeting US exports, including soybeans and critical minerals like rare earths. This move could drive up food and tech costs, disrupt supply chains, and reduce rural incomes, potentially shrinking US GDP by 0.3% to 1.3%, according to economists. Hedge fund manager Anthony Scaramucci warned that if tensions escalate further, investors should brace for economic pain.James “MetaLawMan” Murphy, a lawyer specializing in crypto legal and business issues, noted on X that even in the unlikely event that Congress swiftly approves the strategic digital asset reserve, the key question remains its funding source. Most likely, the initial approval would involve pausing government crypto asset sales—an action with limited impact on prices.Another source of concern for Bitcoin traders came from Michael Saylor’s March 2 announcement that Strategy (formerly MicroStrategy) neither issued new shares nor increased its BTC holdings beyond 499,096 in the previous week. Despite no prior indication, some traders had expected the company to “buy the dip.”Source: RunnerXBTCrypto trader and analyst RunnerXBT expressed frustration over Strategy purchasing $2 billion worth of Bitcoin at an average price near $97,500 but remaining inactive as BTC dropped to the $80,000 range. His analysis also suggests that Strategy’s Bitcoin purchases above $95,000 could be a net negative for the market, as the previous instance led to only a short-lived rally.Related: MSTR stock pops 15% following Bitcoin weekend rallyDespite worsening investor sentiment toward the global economy, Bitcoin is likely to reclaim the $90,000 support as Strategy is expected to continue accumulating BTC through its $42 billion debt and stock issuance plan. Michael Saylor has never shown an intention to time the market when adding to the company’s Bitcoin holdings, suggesting further purchases regardless of price levels.As for the expectations surrounding the strategic crypto reserves, the timeline remains uncertain, but the long-term impact on Bitcoin’s price is likely positive. BTC was designed to thrive in environments where investors perceive excessive stock market valuations or potential real estate corrections. Given these conditions, the probability of Bitcoin surpassing $95,000 in the near future remains high.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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Standard Chartered: Bitcoin $BTC may test $69K–$76,5K support level
Standard Chartered’s Geoff Kendrick cautions that Bitcoin may test support between $69,000 and $76,500, nearing Strategy’s $MSTR average purchase price of $65,000. According to The Block, he highlights broader…
- XRP jumped 31% to $2.80, ADA crossed $1, and SOL soared above $160, each gaining over 20%.
- BTC rose 6%, breaking the $91,000 mark, while ETH climbed nearly 10% to over $2,400.
- The CoinDesk 20 Index (CD20) saw a 17% rise.
This move could boost crypto-linked stocks like MSTR, COIN, HOOD, MARA, RIOT, and CLSK. What do you think about this crypto reserve? Share your thoughts below! 💬
Michael Saylor Updates Strategy’s Bitcoin Holdings—Nearly 500K BTC Locked in
Software intelligence firm Microstrategy (Nasdaq: MSTR) announced on March 3 that it continues to hold a significant position in bitcoin, with its total holdings standing at approximately 499,096 BTC. The company, which has recently rebranded as Strategy, disclosed in its filing with the U.S. Securities and Exchange Commission (SEC) on March 3 that these holdings were acquired at an aggregate purchase price of roughly $33.1 billion, with an average cost of $66,357 per bitcoin, inclusive of fees and expenses.
During the period between Feb. 24 and March 2, Strategy did not sell any shares under its at-the-market equity offering program and did not purchase additional bitcoin. Executive Chairman Michael Saylor shared on social media platform X on March 3:
Last week, Strategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin. As of 3/2/2025, we hodl 499,096 BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin.
In addition to its BTC holdings, Strategy announced that its board of directors has declared a quarterly cash dividend of approximately $1.24 per share for its 8.00% Series A perpetual strike preferred stock (STRK). The dividend will be paid on March 31 to stockholders of record as of March 15. The per-share amount reflects a prorated calculation from Feb. 5, when the preferred stock was issued.
Saylor, a vocal advocate for bitcoin, continues to stand by his long-term bullish outlook. He predicts that BTC could reach $13 million by 2045, with a bull case scenario of $49 million per bitcoin and a bear case of $3 million. In February, he met with the SEC’s newly formed Crypto Task Force to discuss regulatory approaches for digital assets. During this meeting, he presented a comprehensive digital asset framework. He also recently met with the U.S. House Financial Services Committee to discuss digital assets and the country’s potential to lead the global crypto industry.
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