- Trump’s tariff payment plan sparks a brief cryptocurrency rally.
- Bitcoin jumps to $105K; Ethereum rebounds above $3,600.
- ETF inflows suggest tentative institutional re-entry.
President Trump’s Sunday announcement promising at least $2,000 in tariff-funded payments to most Americans pulled cryptocurrencies out of a weekend lull.
Bitcoin climbed to $105,000 while Ethereum bounced back above $3,600 as traders suddenly regained an appetite for risk assets.
The CoinDesk 20 index halted a brutal 15% weekly slide on the prospect that fresh stimulus could potentially flow into digital currencies.
Bitcoin holds near $105K amid market anxiety
Ethereum jumped roughly 7% to $3,631, erasing three days of losses and signaling that institutional nerves had eased, at least for the moment.
Solana rose 6.08% to $167.36 as altcoin traders were encouraged by Bitcoin’s renewed strength.
The broader market shows a recovery bias. BNB rose modestly, and XRP benefited from Bitcoin’s tailwinds as risk sentiment improved across the board.
Crucially, spot Bitcoin ETFs captured $252 million in fresh capital on November 6, ending a six-day outflow streak that had dented confidence across the market.
Ethereum ETFs added $12.5 million the same day, suggesting institutions quietly accumulated during the weakness.
These are not spectacular gains — more like relief rallies. Bitcoin still fell 5.7% for the week, while Ethereum remains down 7.5% despite Sunday’s rebound.
The market is essentially trying to recover from a self-inflicted wound rather than establishing a new, sustainable upswing.
A week of pain and the road ahead
Last week was brutal. Bitcoin slipped below $100,000 for the first time since late June, triggering a wave of liquidations that wiped out $19 billion in leveraged positions in a single move.
Ethereum mirrored the weakness as institutional buyers stepped back and retail capitulation accelerated.
The cause was simple: buying dried up. Fed rate-cut expectations that traders hoped would fuel crypto demand failed to materialize as a catalyst.
Instead, the 10-year Treasury yield stubbornly remained above 4%, making speculative bets less attractive compared with safer fixed-income plays.
At the same time, a U.S. government funding standoff drained liquidity from financial markets as lawmakers debated spending bills.
This week’s outlook hinges entirely on whether Trump’s tariff dividend actually happens.
If Congress approves it and the Supreme Court allows the tariff regime to stand, cryptocurrencies could see sustained inflows as payment recipients look for inflation hedges.
But those are two big ifs. Budget experts have already noted that tariff revenues are about $90 billion after accounting for collateral fiscal damage — far short of the roughly $300 billion needed for the payments.
Traders are essentially banking on political miracles. Unless circumstances change quickly, expect Bitcoin to test the $98,000–$95,000 zone if support around $100,000 fails to hold.
The rally feels good, but it rests more on hope than on fundamentals.