Strategy stacks another 13,390 bitcoin for $1.3 billion, bringing total holdings to 568,840 BTC

Business intelligence firm Strategy has purchased an additional $1.34 billion worth of Bitcoin, according to a Monday announcement. 

The most recent purchase brings the total number of coins held by the company to nearly 569,000 (a staggering $59 billion at current prices). To put this into perspective, this is higher than the entire GDP of some countries like Mozambique.

Strategy's unrealized profits currently stand at more than $19 billion following the latest price surge. 

As usual, co-founder Michael Saylor strongly hinted that he was going to announce another major purchase on Friday. 

The latest Bitcoin buy has been completely priced in, meaning that there was no market reaction. In fact, the price of the leading cryptocurrency has slipped below $104,000 despite a breakthrough in the trade negotiations between the US and China. 

According to Bitwise, a total of 80 publicly traded companies now hold Bitcoin on their balance sheet. Fundstrat's Tom Lee predicted that the leading cryptocurrency is going to become "central" to how companies actually manage their treasuries. 

Japanese Strategy copycat Metaplanet also recently completed its largest purchase ever, adding $125 million in one go. 

Casa co-founder Jameson Lopp believes that the best way to counter centralization concerns surrounding Strategy's massive Bitcoin purchases is for more companies to actually follow its lead.

Bitcoin has reached a new all-time high against both the Turkish Lira (TRY) and the Argentine Peso (ARS), sparking speculation about whether the US market will be next to see a record-breaking surge.

Given BTC’s latest rally, market watchers are increasingly optimistic that the coin will soon reclaim its dollar ATH as well.

Bitcoin Price Breaks Records in Turkey and Argentina as Inflation Accelerates

According to the latest data from Google Finance, the BTC/TRY pair peaked at a record high of 4.09 million TRY (approximately $105,000) in early Asian trading hours. Similarly, in Argentina, the BTC/ARS pair reached an all-time high of 119.1 million ARS (approximately $105,600).

Nonetheless, BTC’s varying “all-time highs” reveal more about these fiat currencies than they do about Bitcoin. This surge comes amid the ongoing devaluation of both TRY and ARS. Inflationary pressures have significantly impacted the currencies.

Data from Trading Economics indicates that Turkey’s inflation rate has remained a significant concern. As of April 2025, the annual inflation rate stood at 37.8%. For Argentina, the situation isn’t any different.

When inflation is high, the purchasing power of the local currency declines. This, in turn, prompts people to seek assets that can preserve value, such as Bitcoin. This shift can drive up demand for Bitcoin, pushing its price higher in those specific markets.

This trend was also observed in the BTC/USD pair. The rising inflation concerns and the falling US Dollar Index (DXY) pulled the coin from its Liberation Day lows to over the $100,000 mark.

Moreover, after the US-China tariff deal, Bitcoin also reclaimed the $105,000 mark for the first time since January 31.

At the time of writing, BTC’s price adjusted to $104,277, just 4.0% below its ATH of $108,786.

Will Bitcoin Reclaim Its All-Time High? Analysts Predict Possible Surge

Analysts predict that the current rally can continue, eventually pushing BTC to or above its peak. In a recent X post, crypto analyst Edward Gofsky highlighted the correlation between the global M2 money supply and Bitcoin’s price movements.

He suggested that the recent increase in M2 could signal a rise in Bitcoin’s price, potentially pushing it to new all-time highs.

Another analyst, Lark Davis, pointed out that retail interest remains low despite BTC’s recent highs. This is evidenced by Google Trends data. Search interest in “Bitcoin” has been declining since November 2024.

Institutional interest is another catalyst that could fuel BTC’s rise. BeInCrypto reported that Metaplanet spent $126.7 million to increase its holdings by 1,241 BTC. Strategy’s CEO, Michael Saylor, has also hinted at more purchases.

Last week, Standard Chartered also forecasted that institutional investments and ETF inflows could push BTC to $120,000 in Q2.

The long-term outlook appears even more bullish. Analyst Josh Mandell foresees BTC reaching $444,000 by Q2 2026. According to Thomas Young, Managing Partner at Rumjog Enterprises, this would mark “a monetary regime shift.”

He cited several driving factors, including savers and investors abandoning fiat currencies, a potential bond market breakdown, a surge in institutional Bitcoin adoption, global South nations like Brazil adopting Bitcoin, and a retail mania fueled by renewed media attention.

XRP rally continues with a minor increase of 3.5% daily, but can it break $2.6?XRP Price Predictions to Watch This Week

Key Support levels: $2.3, $2.0

Key Resistance levels: $2.6, $31. Price Makes Higher Highs

The rally is picking up speed after XRP closed the weekend in green. This took the asset to almost $2.5 before a short pullback. If buyers continue the pressure, they have a good chance to test the resistance at $2.6 next. If they break above that level, then XRP has a good shot at $3.2. Momentum is Picking Up Speed

The price is making higher highs and higher lows with a clear uptrend. However, the buy volume remains low compared to previous rallies. Hopefully, this can change as soon as the price breaks above $2.6, since that will encourage buyers to return in numbers. The current support is at $2.3.3. RSI Makes New Highs

On Saturday, the daily RSI reached almost 69 points and made a new high before sellers returned to take XRP into a pullback. This shows a clear bullish uptrend. As long as the RSI makes a higher low as well, there is no reason to think this uptrend will stop any time soon.

Ethereum has experienced a notable surge in the past few weeks, reaching a crucial resistance region at the $2.6K level. However, the confluence of key resistance factors at this range suggests a likely consolidation before the next major move.Technical Analysis The Daily Chart

ETH has been in a strong and impulsive uptrend, reflecting a clear return of demand and buying strength in the market. The price has now reached a critical resistance zone near $2.6K, which aligns with both the 200-day moving average and the previously broken lower boundary of a multi-month ascending channel.

This confluence forms a strong resistance cluster, suggesting potential supply at this level and posing a significant challenge to further upward movement.

As a result, a temporary consolidation or corrective phase appears necessary for the market to stabilize and gather enough momentum for a potential breakout. The RSI indicator has also entered overbought territory, reinforcing the likelihood of a short-term correction.

Digital asset investment products witnessed a surge in institutional interest last week, raising $882 million in crypto inflows globally.

This marks the fourth consecutive week of gains, pushing year-to-date (YTD) inflows to $6.7 billion, just shy of the $7.3 billion peak observed in early February.

Four Consecutive Weeks of Crypto Inflows

The latest CoinShares report shows the fourth week of consecutive positive flows. In the week before that, crypto inflows hit $2 billion. The week prior, crypto inflows reached $3.4 billion as investors turned to digital assets for their haven status.

Before that, inflows into digital asset investment products were $146 million, where XRP bucked the trend.

CoinShares’ researcher James Butterfill notes that Bitcoin led the charge with $867 million in inflows, reflecting its growing role as a macro hedge amid rising economic uncertainty.

Since the launch of spot Bitcoin ETFs (Exchange-Traded Funds) in the US in January 2024, cumulative net inflows have hit $62.9 billion, surpassing the previous high of $61.6 billion. While Ethereum has seen a strong price recovery, investor sentiment remains lukewarm, with only $1.5 million in inflows last week.

Sui, on the other hand, stands out among altcoins. It recorded $11.7 million in inflows, overtaking Solana weekly and year-to-date. Sui’s total inflows now stand at $84 million YTD, outpacing Solana’s $76 million, despite the latter seeing $3.4 million in outflows over the past week.

CoinShares attributed the sharp rise in crypto prices and investment flows to multiple converging macroeconomic trends.

Indeed, states such as Arizona and New Hampshire advanced their efforts with Bitcoin strategic reserves. Nevertheless, others, like Florida, hit a brick wall.

Macro Shifts Offering a Trading Compass for Crypto Investors

In the same tone, the expanding global M2 money supply is becoming a focal point for Bitcoin investors. Data on TradingView shows China’s M2 money supply remains at an all-time high of Trading View. This signals a potential flood of global liquidity that risk assets like Bitcoin are now absorbing.

Analysts have also observed that Bitcoin’s price correlates positively with global M2 trends. This outlook reinforces Bitcoin’s narrative as a macro-responsive asset.

However, not all experts are convinced. While a growing consensus is linking M2 expansion with crypto price action, skeptics argue that the relationship may be overstated.

Recession fears in the US are further fueling crypto allocations. Goldman Sachs recently raised its 12-month US recession probability to 45%, quietly increasing exposure to Bitcoin via funds that include spot ETF products.

Investors interpret this as a signal that aligns with the broader theme of crypto as a hedge against faltering traditional finance (TradFi) instruments and dollar-denominated assets.

This perception is gaining institutional validation. Standard Chartered recently noted that Bitcoin is increasingly positioned as a hedge against Treasury market volatility and systemic financial risk. This is particularly relevant as US deficits balloon and Treasury yields remain volatile.

The bullish momentum in crypto inflows, alongside Bitcoin’s increasing role in institutional portfolios, suggests that investors are turning to digital assets as both a directional bet and a macro hedge.

1141 GMT - Bitcoin trades steady on the day, reversing earlier gains when it surged to a three-and-a-half month high after news that the U.S. and China had agreed to reduce tariffs substantially for 90 days. The market reaction was "quick and spectacular," although investors might reflect that "significant trade damage has already been inflicted," Trade Nation analyst David Morrison says in a note. Bitcoin's gains have also been limited since it surged above $100,000 last week, he says. Bitcoin last trades at $104,345, having hit a high earlier of $105,716, LSEG data show. (jessica.fleetham@wsj.com)

1115 GMT - Improved Sentiment after news of a U.S.-China deal to lower tariffs significantly lifts both Treasury yields and the dollar. Ebbing trade tensions eases concerns about the U.S. economic outlook and reduces expectations for U.S. interest-rate cuts, boosting the dollar, says Erkin Kamran, CEO of forex trading platform Traze. The rise in Treasury yields, taking the 10-year yield above 4.40%, reflects "improved sentiment as investors rotated out of safe-haven assets," he says. The U.S. and China agreed to mutually slash tariffs for 90 days, giving time for further negotiations. The 10-year Treasury yield is up 8 basis points at 4.453%, according to Tradeweb. The DXY dollar index rises 1.5% to a one-month high of 101.937. (emese.bartha@wsj.com)

1113 GMT - Investors are looking ahead to Tuesday morning's consumer-price-index data for a reading on inflation impact of the first few weeks of President Trump's "Liberation Day" tariffs. In line with WSJ's survey consensus, Goldman Sachs economists expect that core CPI inflation sped up to a 0.3% month-over-month increase, up from 0.1% in March. That would leave the 12-month core CPI rate unchanged at 2.8%. "We have penciled in moderate upward pressure from tariffs on categories that are particularly exposed (such as apparel, recreation, and communication)," Goldman writes. On the other hand, used car prices were likely down by 0.5% last month, helping keep a lid on inflation, Goldman projects. (matt.grossman@wsj.com, @mattgrossman)

1100 GMT - Significantly lower U.S. tariffs brighten the outlook for Chinese growth in the coming quarters, Danske Bank economists say. The truce between Beijing and Washington will let Chinese firms ship goods at manageable rates, and those could be reduced further if a deal on fentanyl is struck, Allan von Mehren and Antti Ilvonen say. That seems likely, based on positive comments from Bessent on China's efforts on this point. For China, the talks happening in a good atmosphere sincerity was key, vindicating its initial strong retaliation, with the U.S. now showing more respect, they say. Though a deal that meets all demands for both sides will be difficult, a scenario that U.S. tariffs on China are ultimately placed around 40% seem more likely. "A headwind, but manageable for both sides." (fabiana.negrinochoa@wsj.com)

1057 GMT - The Japanese yen could weaken further after the U.S. and China agreed to lower tariffs for 90 days, ING economist Lynn Song says in a note. With global markets rallying on improved risk sentiment, the safe-haven yen and Swiss franc have suffered heavy losses. Long yen, a position that bets on the currency strengthening, is one of the most crowded trades, he says. That means the dollar's rally versus the yen could have further to run, potentially lifting it to 150.000 yen, he says. The dollar rises 1.5% to a one-month high of 148.592 yen, according to FactSet. (renae.dyer@wsj.com)

1055 GMT - U.S. Treasury yields rise across the board as a U.S.-China deal to mutually slash tariffs for 90 days encourages investors to buy risky assets and sell safe havens. Shorter-dated yields lead the rise as the deal improves the U.S. economic outlook and could reduce the need for interest-rate cuts by the Federal Reserve. Currently, sentiment may matter more than substance for market confidence, Fidelity International's Stuart Rumble says in a note.The two-year Treasury yield is up 12 basis points at 4.00%, the 10-year Treasury yield is up 8 basis points at 4.45% and the 30-year Treasury yield is up 3 basis points at 4.86%, according to LSEG. (emese.bartha@wsj.com)

1030 GMT - The current rise in U.S. Treasury yields is a concern and suggests that U.S. debt and fiscal policy are still worrying investors, says Eurizon in a note. After weeks of a triple selloff in U.S. equities, U.S. bonds and the dollar due to tariff uncertainty, the current good news on U.S. tariff deals, especially with China, has boosted equities and the dollar but not Treasurys."Despite the logical positive implications for growth, the persistently high levels of rates suggests that the U.S. fiscal trajectory is still a concern," the asset manager says. Ongoing negotiations in Congress on the budget will be key for the bond market, it says. The 10-year Treasury yield rises 6 basis points to 4.437%, according to Tradeweb. (emese.bartha@wsj.com)

1028 GMT - Base metal prices rise, with LME three-month copper up 1.1% at $9,542 a metric ton and LME three-month aluminum up 2.5% at $2,478.50 a ton. Metals rallied as easing U.S.-China trade tensions gave markets a boost, ING analysts say in a note. Both countries said they would temporarily lower tariffs on each other's products, though questions remain for markets as to what the end game will be, ING says. Trading in metals has been volatile since President Donald Trump's inauguration, with much of the uncertainty stemming from comments made by Trump and tariff risks--copper saw its worst performance since mid-2022 in April as signs began to emerge of tariffs hurting economies, ING says. While uncertainty remains high, the U.S.-China agreement has boosted the outlook for metal demand.(joseph.hoppe@wsj.com)

1007 GMT - The euro is unlikely to fall much further against the dollar after the U.S. and China agreed a temporary reduction in tariffs, ING's Lynn Song says in a note. "After all, we're still waiting to find out what impact the tariff story has had on U.S. consumption." More importantly, the euro should benefit from increased German fiscal stimulus, he says. The euro could still extend its current losses given its strength in April was a function of its liquidity as dollar aversion grew. However, any moves below $1.10 probably won't be sustained, he says. The euro falls 0.8% to $1.1919, having earlier hit a one-month low of $1.1083, according to FactSet. (renae.dyer@wsj.com)

1007 GMT - Fentanyl tariffs and export control measures are in focus after the latest de-escalation of U.S. China trade tensions, Citi research analysts Xiangrong Yu and Xinyu Ji says in a research note. Looking forward, the 20% tariff on fentanyl is a "low-hanging fruit" for the two sides, the analysts note. More cooperation from China could eventually remove the 20%, they say. The impact on GDP from the tariffs could be further lowered to negative 0.6 percentage points in this case, making the tariff gap between China and the rest of the world even narrower, they note.Export control is another thing on the list, and is missing in the joint statement this time, Citi adds. "The tensions have peaked out, but uncertainties could stay with the 90-day suspension," they note. (tracy.qu@wsj.com)

0945 GMT - U.S. tariffs on China remain substantially higher than those on other countries after the latest reduction in levies, Capital Economics' Mark Williams says in a note. The current effective U.S. tariff on Chinese goods is around 40%, according to CE. Meanwhile, the chief Asia economist notes that the U.S. still appears to be trying to rally other countries to introduce restrictions of their own on trade with China. "There is no guarantee that the 90-day truce will give way to a lasting cease-fire," he says. However, the agreement marks another substantial retreat from the Trump administration's stance, as it doesn't include any commitments from China on the trade imbalance or exchange rate, he adds. (sherry.qin@wsj.com)

0944 GMT - U.K. inflation data is the dominant factor in U.K. monetary policy decisions rather than tariff concerns, Bank of England's Clare Lombardelli says at the Bank of England Watchers Conference. Tariffs are less of a concern as they should have minimal direct impact on the U.K. economy, leaving the focus on inflation. Services and wage data shows inflation is gradually falling but remains above target and needs to be continuously monitored, she says. (miriam.mukuru@wsj.com)