In brief
- Bitcoin hit a new all-time high of $121,800 on Sunday, with analysts citing macro-driven demand and renewed risk appetite.
- QCP Capital flagged Trump-era tariffs and strong U.S. fiscal flows as key drivers behind the rally.
- Traders are increasingly positioning for upside, with demand rising for $130,000 Bitcoin call options.
Bitcoin is continuing its ascent into unexplored territory as a set of macroeconomic and fiscal policies converge.
The largest crypto by market cap swelled to a record $121,800 on Sunday, CoinGecko data shows.
Singapore firm QCP Capital attributed the milestone to “both exuberance and structural strength” in its latest market note.
Two forces dominate the macroeconomic landscape—President Donald Trump’s Tariffs and the U.S.’s dominant fiscal position.
QCP called it “just-in-case financing” as global supply chains continue frontloading imports…
