"Throughout the day, Bitcoin price bled down as traditional markets saw significant gains. Bitcoin initially rallied on the news of government reopening and a potential tariff check but quickly reversed as broader risk sentiment turned mixed. At the time of writing, Bitcoin's price is around $102,636, hovering near key psychological support at $99,000. The Bitcoin price came amid President Donald Trump's unveiling of a proposed $2,000 "tariff dividend" check for Americans - a populist rebate funded by record tariff revenues."
"Announced Sunday on Truth Social, the plan promises to return "trillions of dollars" collected from global trade duties and help pay down the nation's $37 trillion debt. Markets, however, saw it differently. Investors viewed the proposal as a de facto stimulus program - one that could reintroduce pandemic-style liquidity into an economy already showing signs of overheating. Meanwhile, Washington inched closer to reopening. Senate Democrats joined Republicans in a 60-40 vote late Monday to approve a stopgap funding bill, ending a 41-day federal shutdown."
Bitcoin fell into the $102,000s after reversing from above $107,000, trading around $102,636 and testing psychological support near $99,000. Markets reacted to President Donald Trump's proposed $2,000 'tariff dividend' rebate and the end of a 41-day federal shutdown, viewing the rebate as stimulus risk that could reintroduce pandemic-style liquidity. Senate passage of a stopgap funding bill restored pay and reopened services. Technical levels show $99,000 reinforced by the 55-week EMA as key support, Fibonacci resistance near $109,400 and stronger selling around $111,000. A breakout above $116,000 could target $129,000. Institutional buying remains resilient.
Read at Bitcoin Magazine
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