Bitcoin Nears $85,000 as Network Fundamentals Strengthen

Bitcoin (BTC) gently increased on Monday, trading near $85,000, a 1.6% rise in 24 hours, as the market reacted to trade news. Ether (ETH) also increased by 2.7% to $1,630. The CoinDesk 20 Index, representing the top 20 cryptocurrencies, rose by 1.2%.

The stock market also saw gains, with the Nasdaq rising 0.6% and the S&P 500 increasing 0.8%. Crypto stocks like Strategy (MSTR) and MARA Holdings (MARA) led with approximately 3% gains. Federal Reserve Governor Christopher Waller suggested potential rate cuts if tariffs significantly impact output and employment.

Swissblock Analysis Points to Sustained Growth

Swissblock analysts noted Bitcoin's strengthening network fundamentals and stabilizing liquidity. Since March, they observed a consistent inflow of new participants. Liquidity is stabilizing, moving away from the erratic swings seen earlier in 2025.

Swissblock analysts said that when the liquidity gauge holds above 50, short-term price action tends to follow with strength. They concluded that this structural support underpins sustainable rallies.