What started as a quiet weekend quickly spiraled into chaos when Trump’s tariff war with key trading partners rattled the market. The morning was filled with panic, sending shockwaves through investor sentiment and causing Bitcoin’s price to plummet. As tensions escalated, the crypto market turned into a bloodbath, with Bitcoin dropping to $91,230 and triggering widespread fear.
A snapshot of the crypto bloodbath from Sunday, Source: CMC
The fallout was swift and brutal with over $2 billion in liquidations by wiped-out traders scrambling to cut losses. According to BNC data, the liquidations were bigger than both the COVID crash and the FTX implosion, leaving long traders devastated.
Bitcoin Blasts Past $100K: Historic Comeback Shocks the Market
Just hours after a brutal market crash that sent BTC’s price tumbling to $91,230, the crypto king staged a stunning comeback, smashing through the $100,000 barrier. Defying fears of extended losses, Bitcoin’s resurgence signals renewed investor confidence, as bulls regained control and pushed prices into bullish territory.
Bitcoin’s comeback as price recovers back to $100k level. Source: X
Analysts point to the creation of the Sovereign Wealth Fund and a press conference from David Sacks who is preparing to unveil a USA digital assets strategy as drivers of Bitcoin’s comeback. With Bitcoin now in six-figure territory, all eyes are on whether this is just the beginning of an even bigger breakout.
Trump’s Crypto Agenda Takes Center Stage
In major Bitcoin News today, the Trump administration is preparing to unveil its bold plans for digital assets. Crypto Czar David Sacks is set to lead a high-stakes press conference, and the market is buzzing with speculation on how U.S. policy could shape the next phase of the crypto revolution.
The timing couldn’t be more dramatic. After a chaotic drop to $91,230, Bitcoin staged a historic rebound, reigniting investor confidence. Now, with regulatory clarity on the horizon, the stage is set for what could be a pivotal moment in crypto history.
Adding to the bullish momentum, President Trump has just signed an Executive Order calling for the creation of a Sovereign Wealth Fund, a move that could further cement Bitcoin’s role in the global financial system. Senator Cynthia Lummis called the decision a “big deal,” highlighting the administration’s commitment to digital asset integration. With this historic policy shift, investors are now watching closely to see how this fund could accelerate Bitcoin adoption and fuel the next leg of the Bull Run.
Senator Cynthia Lummis suggested Trump’s Executive Orders are a “Big Deal” – Source: X
Bitcoin’s Secret Weapon Intact. Next Leg Up Incoming?
Bitcoin’s recent surge past $100,000 has reignited bullish sentiment, demonstrating impressive resilience despite Sunday’s panic-driven sell-off. In a post on X, analyst Titan Of Crypto highlighted the significance of the 38.2% Fibonacci retracement level, an indicator that has historically dictated Bitcoin’s ability to maintain its bull market momentum. Despite market volatility, BTC has managed to hold above this critical support, reinforcing confidence that the broader uptrend remains intact. Traders are now watching closely, as history suggests that staying above this threshold could set the stage for even higher prices.
Fibonacci level of 38.2% acts as a confirmation tool for the continuation of the bull trend. Source: Titan Of Crypto
Regulatory clarity and the creation of a Sovereign Wealth Fund are fueling Bitcoin’s recovery, reinforcing strong support against short-term market fluctuations. Rather than signaling a reversal, many see the recent dip as a healthy correction, allowing Bitcoin to solidify its position. Analysts believe BTC is in the process of establishing $100K as a firm support level. If it continues to hold above the key Fibonacci threshold, the next phase of this rally could push Bitcoin’s price to new all-time highs.
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