Crypto markets kicked off the week with renewed momentum after former U.S. President Donald Trump took to social media to call for lower oil prices. As of writing, Bitcoin (BTC) has surged back to the $102,000 level, recovering sharply from its weekend low of $98,200.
Trump's Statements Affect the Market
Shortly after U.S. markets opened, Trump posted:
> "Everyone needs to bring oil prices down. I’m watching you! Don’t empower the enemy. > To the Energy Department: Drill baby drill—start now."
His post came in response to a brief spike in crude oil prices following U.S. military actions in Iran over the weekend. Although oil climbed above $80 early Monday, prices have since stabilized, easing investor anxiety.
Bitcoin's Recovery Amid Reduced Tensions
BTC, which had briefly dipped below $100K amid regional tensions, rebounded as Iran refrained from an immediate counteroffensive. Meanwhile, Israel hinted at concluding its current military operations within days and expressed openness to ceasefire talks.
This de-escalation narrative, combined with Trump’s market-facing rhetoric, has emboldened risk-on behavior across markets. As Dey There analysts note, traders are watching political cues closely—particularly when they influence macro factors like oil prices and global supply chains.
Positive Economic Signals Boost Sentiment
Also aiding the mood was the release of the U.S. S&P Global Manufacturing PMI, which came in at 52, exceeding expectations. Though modest, this data suggests economic resilience and supports the case for a soft landing—another green light for crypto investors ahead of Friday’s key PCE inflation data.
While China-U.S. talks continue without a breakthrough, investors remain focused on incremental positives that could reinforce a recovery narrative.
Bitcoin’s rise to $102K, triggered by both macro and political developments, demonstrates the asset’s sensitivity to broader global cues. With geopolitical tensions cooling and key economic data ahead, traders are bracing for more volatility—and opportunity.
