Bitcoin surges past $102,000 as the dollar sinks on Trump tariff news

The macroeconomic factors continue to loom large in Bitcoin's continually evovling lifecycle as an asset increasingly favored by Wall Street.

Case in point: A report by the Washington Post that President Trump's tariffs might not be as widespread as once thought triggered a dip in the dollar and a near-immediate 2% swing in Bitcoin's price. President Trump later refuted that report and Bitcoin pared gains in evening trading .

Nonetheless, Bitcoin has managed to hold onto its momentum to start the year, reclaiming the $100,000 mark on Monday — after ETFs inflows continued to rise as well. A CoinShares report noted that more than $500 million had poured into the class of Bitcoin ETFs over the first three trading days of the year.

Not only that, but MicroStrategy continues to buy up more and more bitcoin as well. In its ninth consecutive weekly purchase, the legacy tech company bought up another $100 million in bitcoin to add to its stash of nearly $45 billion worth of the crypto asset. As Bitcoin has rebounded, so too has MicroStrategy's stock. That could potentially open the door for more share issuances that could fuel more Bitcoin buys as well.

The macroeconomic environment is likely to remain a focal point for crypto markets as 2025 begins. The dollar’s swings lower, triggered by further rumors of a potential rollback of Trump tariffs, is likely to continue injecting volatility into global markets. Bitcoin’s recent price movements reflect this dynamic, with traders closely monitoring the dollar index for signals. As fiscal and monetary policies take shape under the new administration, the crypto market is likely to see heightened activity.

This week’s economic calendar includes the release of FOMC minutes and the December jobs report, both of which will provide valuable insights into the Federal Reserve’s policy direction. Expectations for fewer rate cuts this year have already influenced market sentiment, but the real question lies in the Fed’s long-term plans for 2025. These macroeconomic developments will play a pivotal role in shaping the crypto market’s trajectory in the coming months.

As we turn the page to 2025, the intersection of macroeconomic factors and crypto adoption continues to drive market narratives. With institutional interest growing and regulatory clarity improving, the crypto market appears well-positioned to capitalize on the shifting economic landscape.