Bitcoin Price Consolidates Below $96,000 as Markets Anticipate Trump’s 100-Day Speech and Potential Policy Impacts
The post Bitcoin Price Consolidates Below $96,000 as Markets Anticipate Trump’s 100-Day Speech and Potential Policy Impacts appeared on BitcoinEthereumNews.com.
Bitcoin continues to navigate a tight price range below $96,000 as investors anticipate key insights from President Trump’s upcoming speech on April 29. As anticipation builds, market dynamics are poised for a potential shift, contingent on further regulatory clarity surrounding cryptocurrencies. “The outcome of Trump’s remarks could either bolster Bitcoin’s momentum or introduce volatility,” noted COINOTAG’s market analyst. Bitcoin trades below $96,000, with traders eyeing Trump’s speech for potential catalysts amidst dwindling exchange supply. Key insights and analysis inside. Market Awaits Trump’s 100-Day Speech Bitcoin investors are adopting a cautious approach as U.S. President Donald Trump prepares to deliver his speech commemorating 100 days in office on April 29. This important moment could reshape discussions within the crypto market. Throughout Trump’s second term, cryptocurrency policies have emerged as a significant focus. However, investors await specific updates regarding regulatory frameworks that may provide clarity for the industry. If Trump’s administration reaffirms its strategic proposal regarding Bitcoin reserves, it could catalyze a bullish movement toward the coveted $100,000 price point. Conversely, an emphasis on tariffs may temper bullish sentiments and limit potential gains. Platforms like Polymarket are reflecting growing speculation, currently suggesting a 24% likelihood that Trump will mention “crypto” or “Bitcoin” in his speech. Over $1 million has been wagered by users on this outcome, further illustrating market sentiment. Significant Outflows from Exchanges In addition to the anticipated developments from President Trump, Bitcoin’s outflows from exchanges have been notable. Over $4.7 billion worth of BTC has exited exchanges since April 22, illustrating reduced supply and heightened demand sensitivity. This trend is indicative of bullish market sentiments, as easier access to Bitcoin diminishes the coins available for immediate trading, potentially enhancing price volatility in response to emerging demand following the speech. Pathway to the $100,000 Milestone Recent trading activity has seen Bitcoin…
Filed under: News - @ April 29, 2025 1:27 pm