Bitcoin held steady on Tuesday, consolidating recent gains driven by robust exchange-traded fund (ETF) inflows, a major corporate buy-in from Strategy, and growing optimism over potential regulatory support in the United States.
The cryptocurrency rose 0.1% to $94,335.3 as of 01:36 ET (05:36 GMT), after briefly touching $95,436.8 earlier in the session. It remained near its highest level in two months, with investors eyeing a potential breakout above the $100,000 threshold.
Strategy Invests $1.42 Billion in Bitcoin
Strategy (NASDAQ: MSTR), formerly known as MicroStrategy, disclosed on Monday that it acquired 15,355 Bitcoin between April 21 and April 27, at a total cost of $1.42 billion. The purchase lifts the company’s total Bitcoin holdings to 553,555, solidifying its position as the largest corporate holder of the cryptocurrency.
The firm has financed its Bitcoin purchases primarily through equity and debt offerings, and its stock has surged accordingly. Strategy shares have outperformed Bitcoin in 2025, gaining 23% year-to-date versus the cryptocurrency’s modest 1% rise.
White House and Commerce Department Fuel Optimism
Market sentiment was further buoyed by a White House announcement that President Donald Trump was considering adjustments to automotive tariffs to mitigate economic fallout, raising hopes for broader easing of trade tensions.
Meanwhile, U.S. Commerce Secretary Howard Lutnick signaled a shift toward more favorable crypto regulation. In an interview with Bitcoin Magazine, Lutnick said the administration was inviting more crypto firms to invest domestically and noted that Bitcoin miners could benefit from a new Commerce Department investment accelerator.
Crucially, Lutnick described Bitcoin as a commodity, akin to gold, and pledged to encourage other federal agencies to adopt a similar stance—fueling speculation about a more supportive regulatory framework under Trump.
Altcoins Struggle to Follow Bitcoin’s Lead
Despite Bitcoin’s momentum, broader crypto markets remained tepid. Ether, the second-largest cryptocurrency, dipped 0.1% to $1,793.96 despite a project update from the Ethereum Foundation.
The meme-inspired $TRUMP token slid 6% amid profit-taking after a dramatic rally last week. Data indicated that several major holders had transferred tokens to centralized exchanges, suggesting possible sell-offs.
Other altcoins also weakened, with XRP edging down to $2.2720, and Cardano and Solana both losing around 2%. Dogecoin dropped 0.7%.
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