"Bitcoin price traded below $104,000 today after briefly reclaiming $106,000 to start the week, as traders weighed a mix of macro tailwinds and technical headwinds - including President Donald Trump's plan to send Americans $2,000 "tariff dividend" checks. The policy, announced Sunday on Truth Social, would pay most Americans a cash rebate funded by record tariff revenues. The president said the program would return "trillions of dollars" collected from trade tariffs and eventually help pay down the nation's $37 trillion debt."
"Markets, however, are viewing it as a fresh liquidity injection - a kind of 2025 reboot of the 2020-era stimulus that helped ignite Bitcoin's last bull run. Crypto traders immediately began drawing parallels. "Rate cuts, record highs, AI, and stimulus checks - buckle up," analysts at The Kobeissi Letter wrote on X, while several Bitcoin commentators joked that the "free Bitcoin" era had returned. At the time of writing, Bitcoin price is at $103, 459."
Bitcoin traded below $104,000 after briefly reclaiming $106,000 as traders weighed macro tailwinds and technical headwinds including President Donald Trump's plan to send Americans $2,000 tariff dividend checks. The rebate would be funded by record tariff revenues and is pitched to return trillions of dollars and help pay down the nation's $37 trillion debt, but markets view it as a liquidity injection reminiscent of 2020 stimulus. Crypto commentators drew parallels to past stimulus-driven rallies. A bipartisan funding measure to reopen the federal government passed the Senate, ending a 41-day shutdown. Technical support sits near $99,000; resistance lies at $109,400–$111,000, with a break above $116,000 targeting $129,000.
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