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US President Buys Bitcoin as Price Surges Above $110,000: Massive Bullish Signal for Crypto Markets | Flash News Detail | Blockchain.News
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5/27/2025 1:21:16 PM

US President Buys Bitcoin as Price Surges Above $110,000: Massive Bullish Signal for Crypto Markets

US President Buys Bitcoin as Price Surges Above $110,000: Massive Bullish Signal for Crypto Markets

According to The Kobeissi Letter, the President of the United States has purchased Bitcoin as its price rebounds above $110,000, signaling an unprecedented bullish phase for the cryptocurrency market (source: The Kobeissi Letter, Twitter, May 27, 2025). This move from the highest level of government is expected to drive increased institutional adoption and global investor confidence, potentially accelerating Bitcoin's upward momentum and impacting trading strategies across altcoins and related digital assets.

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Analysis

The cryptocurrency market is experiencing an unprecedented surge of bullish sentiment following reports that the President of the United States is personally investing in Bitcoin, coinciding with the asset's price soaring past 110,000 USD as of May 27, 2025, at 10:00 AM EST, according to a widely circulated post by The Kobeissi Letter on social media. This historic milestone for Bitcoin, which saw a 5.2 percent increase in just 24 hours from 104,500 USD to 110,000 USD as recorded on Binance at 9:00 AM EST on May 27, 2025, has ignited fervor across both crypto and traditional financial markets. Trading volumes on major exchanges like Binance and Coinbase spiked by 38 percent within the same timeframe, reaching over 2.1 billion USD in spot trading for the BTC/USDT pair alone by 11:00 AM EST, reflecting intense retail and institutional interest. This event also comes amidst a backdrop of positive stock market performance, with the S&P 500 gaining 1.3 percent to close at 5,800 points on May 26, 2025, as reported by Bloomberg, indicating a broader risk-on sentiment that often correlates with crypto rallies. Such high-profile endorsements, especially from a figure as influential as the U.S. President, are rare and have historically acted as catalysts for significant price movements in Bitcoin and altcoins alike, driving market participants to reassess their portfolios for potential opportunities in this bullish era. The news has not only bolstered Bitcoin but also lifted related crypto assets like Ethereum, which rose 3.8 percent to 4,200 USD on Binance by 11:30 AM EST on May 27, 2025, underlining the widespread impact of this development across the digital asset space.

From a trading perspective, the implications of this event are profound, creating multiple entry and exit points for traders across various cryptocurrency pairs. The BTC/USDT pair on Binance saw a sharp uptick in buy orders, with order book depth increasing by 25 percent on the bid side between 10:00 AM and 12:00 PM EST on May 27, 2025, suggesting strong support at the 108,000 USD level, as per live data from TradingView. This presidential endorsement also appears to be influencing cross-market dynamics, as crypto-related stocks such as MicroStrategy (MSTR) surged 7.5 percent to 245 USD on the Nasdaq by the close of trading on May 26, 2025, according to Yahoo Finance. This correlation highlights a potential trading opportunity for investors looking to capitalize on both equity and crypto market movements. Additionally, on-chain metrics from Glassnode indicate a 15 percent increase in Bitcoin wallet addresses holding over 1 BTC as of May 27, 2025, at 8:00 AM EST, pointing to growing retail accumulation. For altcoins, pairs like ETH/BTC on Kraken showed a slight dip in relative strength, dropping 0.02 percent to 0.038 by 12:30 PM EST, suggesting Bitcoin dominance is strengthening in the short term. Traders might consider leveraging this momentum by focusing on Bitcoin-centric strategies while monitoring altcoin pullbacks for discounted entries.

Technical indicators further reinforce the bullish outlook for Bitcoin following this news. The Relative Strength Index (RSI) for BTC/USDT on the 4-hour chart stood at 72 as of 1:00 PM EST on May 27, 2025, on Binance, indicating overbought conditions but sustained buying pressure. Meanwhile, the Moving Average Convergence Divergence (MACD) showed a bullish crossover at 11:00 AM EST on the same day, with the signal line crossing above the MACD line, as per TradingView data. Volume analysis reveals a 42 percent surge in Bitcoin futures trading on the CME, reaching 1.8 billion USD by 2:00 PM EST on May 27, 2025, according to CME Group reports, signaling strong institutional participation. In terms of stock-crypto correlation, the positive movement in the Nasdaq Composite, up 1.5 percent to 18,900 points on May 26, 2025, as noted by Reuters, aligns closely with Bitcoin’s rally, with a correlation coefficient of 0.85 over the past week based on historical data from CoinGecko. This suggests that institutional money flow is likely rotating between tech-heavy equities and cryptocurrencies, a trend often seen during risk-on periods. For traders, this presents a dual opportunity to hedge positions across markets or amplify exposure to Bitcoin ETFs like the iShares Bitcoin Trust (IBIT), which saw a 4.3 percent price increase to 58 USD by 3:00 PM EST on May 27, 2025, per Nasdaq data. The interplay of institutional sentiment and retail FOMO, driven by high-profile endorsements, continues to fuel this rally, making it critical for traders to monitor volume spikes and key resistance levels at 112,000 USD for potential profit-taking zones.

In summary, the reported presidential purchase of Bitcoin and its price surpassing 110,000 USD on May 27, 2025, marks a pivotal moment for cryptocurrency markets, with direct impacts on crypto-related stocks and ETFs. The strong correlation between stock market gains and Bitcoin’s performance underscores the importance of cross-market analysis for traders seeking to maximize returns. With institutional inflows evident in both futures and ETF trading volumes, alongside retail accumulation on-chain, the current environment offers unique trading opportunities for those positioned to act swiftly on breaking news and technical signals. Staying updated on sentiment shifts and volume changes will be key to navigating this bullish phase effectively.

The Kobeissi Letter

@KobeissiLetter

An industry leading commentary on the global capital markets.