Bitcoin (BTC) on Monday Mirrored Last Week's Climb to $87,000

This time the climb is driven by optimism following reports that President Donald Trump's forthcoming tariffs, setting the stage for new highs.

Bitcoin (BTC) price mirrored last week’s climb to $87,000 on Monday, but this time, the push was fueled 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.

As Bitcoin approached the $90,000 mark, BitMEX co-founder Arthur Hayes predicted 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, is aiming for even greater heights with its next presale stage.

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.

Policy Shifts and Liquidity Boosts Could Drive Bitcoin’s Price Higher

In the past 24 hours, Bitcoin’s trading volume 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 Trump's proposed tariffs are now seen 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).

I bet $BTC hits $110k before it retests $76.5k.

Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause “transitory inflation”. JAYPOW told me so.

I’ll expound on that in my next essay, that’s the TLDR for your TikTok peanut brain.

I bet $BTC hits $110k before it retests $76.5k.

Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause "transitory inflation". JAYPOW told me so.

I’ll expound on that in my next essay, that’s the TLDR for your TikTok peanut brain.

— Arthur Hayes (@CryptoHayes) March 24, 2025

Historically, such a policy shift has been a bullish trigger for Bitcoin, reinforcing Hayes's 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.

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.

Global liquidity is at a new ATH.

The next Bitcoin bull market is about to begin. pic.twitter.com/soh4sh632Y

— Michael Saylor⚡️Founder of Strategy (Fan Account) (@SaylorBu BuysBTC) March 19, 2025

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