As market sentiment improved over the weekend following bullish macro signals from within the United States, Bitcoin rebounded from lows near $100,000 and found support above $106,000.

Total crypto market cap rose in tandem, with a change of over 3% in the past 24 hours.

At the time of writing, it was approaching $3.7 trillion after briefly slipping below that level earlier last week.

Market sentiment turned slightly more positive as the Crypto Fear and Greed Index jumped 7 points to 29, shifting from the “extreme fear” zone into “fear” territory.

Several altcoins among the top 100 posted notable gains, with a handful recording double-digit profits.

Why is the Bitcoin price up today?

Bitcoin hit an intraday high of $106,491 today as traders digested fresh macro catalysts that emerged over the weekend. 

Among the biggest drivers was former President Donald Trump’s proposal for a $2,000 tariff dividend aimed at most American adults, excluding high earners. 

In a post made on Nov. 9, Trump suggested redirecting trillions in tariff revenue toward national debt reduction and direct citizen payments, which sparked immediate speculation about increased retail inflows into risk assets like crypto.

The announcement evoked comparisons to the 2020 stimulus checks, which had preceded a surge in prices for cryptocurrencies. See below.

Lark Davis

@TheCryptoLark

·Follow

President Trump to give a $2,000 stimulus check to every American citizen.

FYI, when Trump signed the CARES Act in 2020, Americans received $1,200 stimmy checks.

Within 5 weeks, Bitcoin pumped by over 50%

Within a year, $BTC pumped by over 900%

Not saying we will see this

7:00 pm · 10 Nov 2025

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