Bitcoin, or BTC, on Monday mirrored last week’s climb to $87,000, this time driven by optimism following reports that President Donald Trump’s forthcoming tariffs, set to be announced on April 2, may be more targeted and less restrictive than initially anticipated.
With Bitcoin inching closer to $90,000, BitMEX co-founder Arthur Hayes predicts that BTC could surpass its all-time high without first retesting the $76,500 support level.
The more palpable bullish vibe at the start of the week has also been reflected in a new token presale that has seen more substantial funds channeled into its fundraising campaign to reach a total funding of $4 million – BTC Bull Token ($BTCBULL), the first project that rewards its holders with Bitcoin airdrops.
If Bitcoin continues its upward trajectory and breaks key price targets, $BTCBULL holders stand to receive Bitcoin payouts, effectively giving them a passive income stream similar to owning crypto mining operations.
For those looking to secure a position in this project, $BTCBULL is available at $0.002425 for the next 24 hours before the presale advances to its next stage, which will increase the token’s price.
A powerful mix of policy shifts and liquidity catalysts can propel Bitcoin’s price higher
In the past 24 hours, Bitcoin’s trading volume has surged by 120.27%, reaching approximately $20.43 billion, while its market capitalization climbed 3.58% to $1.73 trillion.
Bitcoin isn’t alone in this upward push – other major assets have followed suit since reports emerged on Sunday about Trump potentially adopting a softer tariff stance. Ethereum ($ETH), Ripple ($XRP), and Solana ($SOL) have climbed 9.85%, 4.93%, and 8.93%, respectively.
While people see Trump’s tariff proposals now as less restrictive, there’s still concern that they could push inflation higher. However, Hayes has suggested this inflationary pressure may be transitory – a key argument in his belief that the Federal Reserve could pivot from quantitative tightening (QT) back to quantitative easing (QE).
Historically, such a policy shift has been a bullish trigger for Bitcoin, reinforcing Hayes’ view that BTC could surpass its previous all-time high. But Hayes doesn’t just see Bitcoin breaking records – he believes it could push beyond $110,000 and potentially reach $200,000 in 2025.
Hayes also points to the possibility of an SLR (Supplementary Leverage Ratio) exemption returning as another liquidity catalyst that could propel Bitcoin further. The SLR exemption, which was temporarily introduced in 2020, allowed banks to exclude U.S. Treasuries and deposits at the Federal Reserve from their leverage calculations, which effectively freed up capital for lending and investment. A reinstatement of this exemption could inject additional liquidity into financial markets, indirectly benefiting Bitcoin.
Saylor Bolsters the Argument
These bullish catalysts align with Strategy founder Michael Saylor’s view that Bitcoin’s growth is closely tied to the expanding global M2 money supply. With global M2 expected to exceed $109 trillion, with the U.S. M2 in particular projected to rise from roughly $21.5 trillion in January to $22 trillion by year-end, Bitcoin appears poised to follow suit.
As always, Saylor backs his words with action. His latest show of confidence came through Strategy’s recent $711 million capital raise via its Perpetual Strife Preferred Stock – funds earmarked for additional Bitcoin purchases.
The bullish sentiment isn’t just speculation – it’s building on tangible moves in both policy and liquidity.
Now, as Bitcoin eyes new highs, it’s not just BTC holders anticipating major gains – early investors in BTC Bull Token could also see their tokens’ utility unlocked if Bitcoin continues to climb.
The BTC Bull Token’s utility starts to unlock at this Bitcoin price point
The BTC Bull Token offers holders a unique utility – rewarding them with actual Bitcoin whenever the top crypto surpasses new price milestones. The first airdrop unlocks when Bitcoin reaches $150,000, with subsequent rewards triggered at $200,000, $250,000, and so on.
If Hayes’ prediction comes true, this would mean two Bitcoin airdrops unlocked within a year – automatically rewarding BTC Bull Token holders with Bitcoin directly to their wallets, weighted according to the number of $BTCBULL tokens they own.
Beyond that, additional incentives kick in when Bitcoin hits $125,000. At this level, BTC Bull Token holders will also benefit from capital appreciation as the token’s supply decreases through an automatic burn mechanism. Further token burns occur at each $50,000 increment, with the next burn targets set at $175,000, $225,000, and so forth.
This utility is virtually unheard of – akin to establishing a passive income vault that pays out real Bitcoin simply by holding $BTCBULL tokens.
Making this multichain reward utility possible is the project’s integration with Best Wallet – a leading noncustodial Web3 wallet. Best Wallet supports the Bitcoin network, enabling both the Bitcoin-earning system and the ERC-20 token burn mechanism – all within a single app.
All a presale buyer must do is hold $BTCBULL tokens in Best Wallet, automatically making them eligible to receive Bitcoin.
Get exposure to Bitcoin minus the volatility by joining the BTC Bull Token presale
In just over a month, the BTC Bull Token has already raised $4 million, even amid a market recently hit with negative news.
Investors are seizing the opportunity to join the presale, gaining exposure to Bitcoin without directly facing its current volatility. Once the token launches, holders will be benefit from the Bitcoin momentum as the chorus of crypto voices gets louder this year.
Head to the BTC Bull Token website to purchase $BTCBULL using ETH, USDT, or a bank card.
Again, using Best Wallet allows users to leverage the multichain utility of the BTC Bull Token. The app is available for download on Google Play or the Apple App Store.
Join the BTC Bull Token community on X and Telegram.
Visit BTC Bull Token.
The post BitMEX Co-Founder Says Bitcoin to Break ATH as Bitcoin Jumps to $87,000, BTC Bull Token Hits $4M in Presale appeared first on Cryptonews.
