Bitcoin Price Jumps 2% as Trump Emerges Among World’s Largest Bitcoin Holders

The Bitcoin price jumped 2% in the past 24 hours to trade at $114,318 on a 16% daily trading volume surge to $80.1 billion.

This BTC jump comes as Donald Trump quietly becomes one of the world’s biggest Bitcoin holders through his 41% stake in Trump Media and Technology Group (TMTG). According to Forbes, the company used about $2 billion from recent fundraising to buy Bitcoin, giving Trump an indirect stake worth around $870 million.

The move marks a major shift from his earlier stance when he dismissed Bitcoin as “thin air.” Now, Trump’s company follows Michael Saylor’s MicroStrategy model by holding Bitcoin as a key treasury asset. Even with the recent market downturn, Trump’s Bitcoin position has slightly grown, making it one of TMTG’s strongest holdings and showing how politics and crypto are becoming more connected.

Bitcoin Builds Strength, Eyes $150K Recovery Target

Bitcoin (BTC) shows a recovery after the Friday market crash, forming a double-bottom pattern near the $105,000 level, a signal that often marks the end of a downtrend. The price is now trading at $114,600, down slightly by 0.26% in the past 24 hours. Despite the minor pullback, traders see growing strength in Bitcoin’s current structure, suggesting a possible rally toward $150,000 in the coming weeks.

Bitcoin spent several weeks in consolidation, trading sideways as investors waited for stronger signals. The breakout from that range marked an entry or buying point for traders who follow technical patterns. The price is now testing this level again, which could act as support if the uptrend continues.

BTCUSDT Analysis Source: Tradingview

The Relative Strength Index (RSI) currently stands at 58.95, showing moderate buying momentum but still leaving room for more gains before the market becomes overbought. This suggests buyers still have control, and any dips could attract fresh entries.

Analysts note that if Bitcoin fails to hold above $110,000, the bullish setup may weaken, possibly leading to another retest of the support zone. However, as long as BTC stays above this range, market sentiment is expected to remain positive. The overall outlook points to a potential trend reversal, with investors now watching for a confirmed breakout above the neckline to set up a new bullish phase.

Bitcoin Funding Rates Show Trader Caution

New data from Glassnode shows that Bitcoin traders are turning cautious as funding rates fall. Over the past year, Bitcoin’s price has climbed from around $40,000 to near $120,000, but the funding rate — which shows whether traders are mostly betting long or short — has dropped sharply.

Earlier spikes in 2023 and mid-2024 showed traders were heavily betting on price increases. Now, the median rate has turned negative, meaning more traders expect prices to fall or are closing long positions.

The heatmap below the chart also shows similar changes across other crypto assets, with more red areas during major price moves. Analysts say this trend signals growing uncertainty in the market as Bitcoin stays at high levels and overall trading activity slows.