Bitcoin held relatively steady Monday near key support levels, even as President Donald Trump brought on a fiery rhetoric on social media regarding trade tariffs and Federal Reserve policy, fueling fresh debate about BTC’s role during macroeconomic uncertainty.
While Trump accused China of unfair tariff retaliation (citing a 34% hike) and insisted there’s “NO INFLATION” despite recent market turmoil, Bitcoin found its footing.
After dipping below $75,000 earlier Monday (hitting lows near $74,434), BTC climbed back to trade around $76,561 at press time. The crypto market overall had shed over $100 billion since April 1st due to tariff fears.
Trump’s “No Inflation” Claim and Pressure on Fed Could Boost Bitcoin
In his post, Trump mentioned oil, food, and interest rates are down and insisted there’s “NO INFLATION.” At the same time, he pressured the Fed to slash rates in response. “The slow-moving Fed should cut rates!” he wrote, as he slammed China for its unfair retaliation despite the U.S. bringing in billions weekly from existing tariffs.
His politically charged statement has real economic implications: if the Fed bows to pressure, liquidity could surge—and that’s exactly where Bitcoin could benefit.
Historically, dovish monetary pivots have fueled appetite for risk assets, and crypto markets are no exception. With over $100 billion wiped off crypto’s total market cap in recent days due to macro fear and tariff shocks, traders are now recalibrating their strategies. The looming question is if emergency rate cuts or a quantitative easing would help Bitcoin rebound from its current slump.
What Does On-Chain Data Say About BTC Support?
For now, BTC appeared to have found support at $74K. This aligns with the first major supply cluster below $80K – over 50K $BTC at $74.2K. Glassnode found that investors who had been active for five months typically held at this level, and steadily raised their cost basis until 10 March, after which they remained dormant.
Source: Glassnode
As market participants speculate on Trump’s next course of action, Bitcoin may end up as one of the key beneficiaries if inflation stays muted and fiat credibility takes a hit.
While Wall Street navigates the chaos, Bitcoin holders are eyeing the Fed’s next move. If rate cuts come, Bitcoin’s next bull run may not be far behind.
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