Bitcoin held steady near its highest level in two months on Tuesday, continuing a rally fueled by strong institutional demand, a major corporate buy, and optimism over potential shifts in U.S. crypto regulation.
The world’s largest cryptocurrency rose 0.1% to $94,335 in early trade, after briefly touching $95,436 earlier in the session. The latest move follows a sharp rebound over the past week, and investors are now watching closely for a possible breakout above the symbolic $100,000 mark.
Strategy Makes Major Bitcoin Purchase
Boosting sentiment further was a new disclosure from Strategy (NASDAQ: MSTR), formerly MicroStrategy, which announced a $1.42 billion Bitcoin purchase. The company acquired 15,355 coins between April 21 and April 27, bringing its total holdings to 553,555 BTC—solidifying its position as the world’s largest corporate Bitcoin holder.
Strategy has largely funded its crypto acquisitions through equity and debt offerings. Its stock has surged 23% in 2025, significantly outperforming Bitcoin’s nearly 1% rise and reinforcing its appeal as a proxy for Bitcoin exposure.
U.S. Regulatory Tone Shifts Toward Crypto
In a separate development, U.S. Commerce Secretary Howard Lutnick signaled a more crypto-friendly stance from the Trump administration in an interview with Bitcoin Magazine. He said the government is working on new regulations designed to attract crypto investment and support Bitcoin miners through a new Commerce Department-backed accelerator.
Lutnick also publicly described Bitcoin as a “commodity,” suggesting he would push for regulatory agencies to treat it similarly to gold—a sentiment welcomed by crypto advocates seeking greater regulatory clarity.
Tariff Concessions Also Fuel Sentiment
Investor confidence received an additional boost after the White House said President Trump was considering concessions on automotive tariffs to soften their economic impact. The move raised hopes of a broader de-escalation in the administration’s tariff strategy, which markets saw as indirectly positive for risk assets like crypto.
Altcoins Remain Mixed
Despite Bitcoin’s strong footing, the rest of the crypto market was more subdued. Ether (ETH) edged down 0.1% to $1,794 despite a project update from the Ethereum Foundation.
The memecoin $TRUMP fell 6% after a week of significant gains, with reports suggesting major holders were preparing to sell by transferring tokens to centralized exchanges. XRP dipped slightly to $2.2720, while Cardano (ADA) and Solana (SOL) each declined around 2%. Dogecoin (DOGE) also slipped 0.7%.
While Bitcoin continues to benefit from institutional momentum and potential regulatory tailwinds, the broader crypto market remains cautious, with traders awaiting further signals on both policy and macroeconomic conditions.
