Bitcoin BTC$104,380.23 Climbed back over $ 104,000 on Tuesday with welcome fresh inflation data, President Trump’s Bullish view of the financial markets and Coinbase’s admission to the S&P 500 among catalysts for progress.

April’s Consumer Price Index (CPI) came in cooler than expected, which can alleviate pressure on the Federal Reserve that is eager for inflation due to customs. Fed -Chairman Jerome Powell’s planned speech on Thursday could provide additional political guidance.

The optimistic mood was further lifted by Donald Trump, who told participants at the Saudi -us Investment Forum in Riyadh that the markets “could go much higher,”.

Bitcoin (BTC) touched nearly $ 105,000 before retiring, at press -time deal 2.4% higher over the last 24 hours of about $ 104,400. Most altcoins in the Coindesk 20 index surpassed. Ethereums ether ETH$2,682.74 Continued its resurgence and went over 9% to $ 2,700. Restraking Protocol Eigenlayers Governance Token and Decentralized Finance (Defi) Protocol Etherfi’s native token Ethfi$1.36 Reserved more than 20-30% daily winnings.

Shares added to their recent winnings, with Nasdaq and S&P 500 up 1.6% and 0.75%, at the session close. Nasdaq-Listed Crypto Exchange Coinbase (Coin) rose 24% during the day as the stock is set to take advantage of being included in the S&P 500 index. The change could detach $ 16 billion in the purchase pressure for shares, predicted Jefferies.

Joel Kruger, market strategist at the LMAX Group, said the crypto market still digests last week’s winnings, but the rally has further speed. “Currently, the market seems to be pausing for the weather, but still the ruling mood in recent headlines suggests that this rally still has room to grow,” Kruger said.

He pointed to a rebound in the global risk appetite and a growing number of institutional tail winds. “A remarkable factor is the rising mainstream resumption of cryptocurrency, as shown in the development of US financial markets. Coinbas’s admission to the S&P 500 marks a historic milestone and establishes it as the first crypto-native company to participate in this prestigious index,” Kruger said.

He also cited improvement in mood around regulation. SEC President Paul Atkins has promised to make the United States a hub for cryptocurrency -innovation, which Kruger believes could unlock a new wave of institutional interest if followed by meaningful political clarity.

Paul Howard, senior director of the trading company Wincent, repeated that view and said that while Altcoin is tracking the wider rally, institutional capital is likely to become more selective. “This developing landscape seems to be the basis for increased institutional participation,” he said in a telegram announcement. “The more resilient altcoin projects could benefit from, while weaker can gradually phase out.”

New BTC record next month?

While Bitcoin is less than 5% from its record prices in January, BitFinex analysts noticed that neutral financing rates and stable trading quantities show no signs of market edge. However, BTC is opposed to resistance to around $ 104,000- $ 106,000 zon consolidation, which means a new highest height could be delayed by June as supply/demand stabilizes over $ 100,000, “BitFinex analysts wrote.

Zooming out in the next few months BitFinex analysts said medium and long-term setups remain decisive bullish, setting a price target of $ 150,000- $ 180,000 to 2025-2026.

“Bitcoin’s long -term prospects are the strongest it has ever been,” they wrote. “With sovereign and institutional adoption moving on, Etf Rails, which is expanding globally, and the US framing of cryptopolitics more positively, BTC develops into a global macro -active asset.”