Bitcoin had hit its all-time high of $108,786 on January 20, 2025, though the crypto saw a massive decline post Trump’s orders on tariffs, especially with regards to China, hitting $76,273 on April 9, 2025. The recovery has also been pushed by the “whale” investors, who hold more than 1,000 Bitcoin and have continued their buying strategy despite the U.S. tariff threats.
Bitcoin remains range-bound, currently hovering around the $94,600 mark. The macroeconomic data collected so far creates a favourable environment for Bitcoin’s rally. The US consumer confidence dropped to 86.0, hitting its lowest since May 2020, while US job openings dropped to 7.19 million, both pointing towards a cooling economy. “This raises the probability of an economic stimulus, typically encouraging investment in risk-on assets like crypto. Meanwhile, Bitcoin spot ETFs continue to see strong inflows, with BlackRock purchasing $970 million in BTC, helping stabilise the price. Bitcoin now faces resistance at $96,700, with support rising to $94,000,” says Edul Patel, Co-founder and CEO of Mudrex.
The $95,500 level remains a strong resistance point for BTC, says the latest commentary by CoinSwitch Markets Desk. “Over the past 24 hours, liquidations totalled $185.57 million across 104,379 traders, with BTC and ETH accounting for $35.96 million and $31.50 million, respectively.”
Meanwhile, in a notable move toward crypto adoption, the Trump Organisation has announced it will accept cryptocurrency payments for luxury condos in its upcoming $1 billion Trump Tower project in Dubai.
