Bitcoin Stabilizes Above $103K as Institutions Accumulate, Trump Endorses

Bitcoin’s price has stabilized just above $103,000, with a growing narrative gaining momentum, particularly after comments from Eric Trump at the Consensus 2025 conference in Toronto. Eric Trump, the son of former U.S. President Donald Trump, stated that there is a significant effort to accumulate Bitcoin, involving sovereign wealth funds and billion-dollar family offices.

Trump, who co-founded American Bitcoin (now merged with Gryphon Digital Mining), spoke alongside Hut 8 CEO Asher Genoot. He described two key races in the crypto space: one for mining capacity and another for accumulation, led by MicroStrategy’s Michael Saylor. Trump emphasized that the demand for Bitcoin is widespread, with sovereign funds, wealthy families, and major companies all expressing interest.

His endorsement of Bitcoin as a strategic reserve asset, especially during a time when institutions are returning to crypto, has bolstered the bullish outlook for BTC. This also indicates a shift in political sentiment, with the Trump administration seen as more crypto-friendly than its predecessor.

In another significant development, DayDayCook (DDC), a Chinese affiliated brand, revealed it purchased 100 BTC for $10.4 million and plans to buy 5,000 more over three years. CEO Norma Chu made this announcement following a strong earnings report showing 33% revenue growth in 2024. This move is notable given China’s strict crypto regulations, suggesting a strategic pivot under new US accounting rules. DDC’s actions highlight Bitcoin’s growing acceptance as a treasury asset, even in uncertain regulatory environments.

Institutional credibility in crypto received another boost with Galaxy Digital’s Nasdaq debut at $23.50 per share. Despite a Q1 2025 net loss of $295 million, the company announced plans to tokenize its shares, ETFs, and bonds with the SEC. CEO Mike Novogratz described the process as “unfair and infuriating” but remains committed to decentralizing finance. Galaxy has $7 billion in assets and aims to bring tokenized equities to DeFi platforms, potentially attracting a new class of investors. This development reinforces the narrative that crypto is merging with traditional finance, which is beneficial for Bitcoin’s long-term thesis as a global digital reserve.

On the technical front, Bitcoin is forming a symmetrical triangle on the 1-hour chart between $104,550 and $102,659, keeping the price prediction neutral. This setup suggests potential volatility. The MACD is slightly bearish, but the pattern of higher lows indicates that bulls are not backing down. The trade setup involves going long above $104,550 and short below $102,659, with a stop-loss inside the triangle. Bitcoin is coiling, awaiting its next catalyst, whether it be macro support or institutional momentum, to push the price towards $105K and beyond.

As Bitcoin stabilizes above $102K, investor focus is shifting towards yield-generating altcoins, particularly BTC Bull Token ($BTCBULL). The token has raised $5.87 million out of its $6.84 million presale goal, with a price increase expected as it enters its final funding stretch. BTCBULL stands out with its flexible staking model, offering an estimated 71% annual yield with no lockups or withdrawal penalties. This approach allows investors to earn passive income while maintaining full liquidity, making it an attractive alternative to traditional DeFi staking protocols. With under $1 million left before the next price tier, entry at current levels is limited, fueling urgency among retail investors seeking early access to passive yield.