Bitcoin broke over $105,000 on Monday as traders responded to rising market uncertainty and were drawn to just 3.5% of their previous all-time high of $109,114.
The coin currently trades for $103,592 and holds companies over $100,000. data From Coingecko.
Prices have moved sideways for over a week, indicating that the bull has not yet retreated, and the next leg is still waiting. Bitcoin also surpasses its market capitalization of $2.1 trillion.
Since May 9, Bitcoin has been caught up in a tough range, with sellers closing their highs and buyers holding their lowest. But the fact that it’s over $10,000 says a lot.
Bitcoin Price Chart | Source: trradingView
The traders are clearly still in position and are waiting for a push through $105,787 resistance. If that level is cleared, Momentum could immediately promote towards $120,000. This is a target floating by analysts watching the chart.
However, if the Bulls fail to break fumble and Bitcoin past the old records, short-term holders can begin cashing out, making it a wide range of $100,000 due to the breakdown. A decline below $100,703 can cause deeper selling, especially when market sentiment is reversed quickly.
Arthur Hayes sees Bitcoin as an exit plan from the US capital wall
Arthur Hayes, co-founder of Bitmex and now Chief Investment Officer at Maelstrom, has removed the latest Macro blog and warned that the US is likely to turn to capital management as an alternative to tariffs, following pressures from increasing debt and relying on foreign funds.
Arthur said this would be the next political move. He outlined a 2% tax on foreign-owned US assets. He estimated a total of $33 trillion as a more enforceable policy than tariffs.
Arthur said this type of tax would cover 90% of American income taxes and make them politically attractive. However, he said the outcome includes the withdrawal of foreign investment from the US market.
When that happens, Arthur believes the Federal Reserve will deploy stimuli again to stop bleeding. That’s when Bitcoin step into the spotlight.
“Bitcoin will be the best performing asset during this global financial transformation,” Arthur wrote in the post. He said that even with capital restrictions, people can use the internet to move their money, adding that “as long as there is an internet, they can sell Fiat for Bitcoin.”
US Stock Rebound Drive Global Exposure and Shift to Cryptocurrency
The broader market has fully recovered from its April selling. The big losses have been erased and the portfolio is back to green. However, for investors who have taken the US stock market through chaos without diversification, this rebound is seen as a rare second chance. Many people say it looks overseas, but some have heard of it.
The global market actually outperformed US stocks from January to April. For example, the VXUS ETF, which tracks international markets, has contributed more than $6 billion so far in 2025. The fund is on track to break previous annual inflow records.
Nevertheless, analysts and portfolio managers say they should clarify their message. Investors who are too focused on US stocks need to balance.
Even old-fashioned investment figures like Warren Buffett and Jack Bogle have always been US-centric, with US-centric claiming that US multinationals are already making money around the world. But now, Warren is dialing back to some of these long-standing domestic bets, reportedly putting more capital into the Japanese market.
