Summary
- Alex Krüger stated that an 'explosive upward trend' for Bitcoin is imminent.
- He noted that the 'One Big Beautiful Bill Act,' companies accumulating Bitcoin, and the successor to the Fed Chair are short-term bullish factors.
- Bitcoin gave back part of its gains after surpassing $110,000, and is trading at $108,860.01 on the Binance USDT market.
Virtual asset (cryptocurrency) market expert and economist Alex Krüger stated that an 'explosive upward trend' for Bitcoin (BTC) is imminent, pointing out three reasons.
According to The Daily Hodl on the 3rd (local time), Krüger said via X (formerly Twitter), "The 'One Big Beautiful Bill Act' (OBBBA) is one of the catalysts driving the Bitcoin rally," adding, "Companies accumulating virtual assets and the upcoming successor to Jerome Powell, who is scheduled to be appointed as Fed Chair in 2026, will spark bullish momentum for Bitcoin in the short term."
Meanwhile, after surpassing the $110,000 mark the previous day, Bitcoin gave back some of its gains and, as of 16:45, is trading at $108,860.01 on the Binance USDT market, down 0.41% from the previous day.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
![[Analysis] “ETFs and short covering drove Bitcoin’s rebound…on-chain indicators are mixed”](https://media.bloomingbit.io/PROD/news/6c7dbd31-4aeb-400e-9c43-c2843062fc66.webp?w=250)
