Bitcoin increases over $100K, ETF flows fluctuate, Trump’s payment scheme and recovery of market.

The price of Bitcoin (BTC) was US$105,995, up 3.7% in just one day. US$106,491 was the highest valuation of the day, while US$102,061 was its lowest value. Following a weekend in which Bitcoin suddenly fell below US$100,000 and breached a US$99k support zone, the market saw a slight recovery on Monday. As well, BTC is currently trading in the mid-$100,000 range, suggesting quick recovery following the sudden drop in October.

Demand for spot Bitcoin ETFs has also been unpredictable. Multi-day outflows and a recent increase in redemptions reversed a short period of inflows over the week leading up to Friday. These ETF redemptions were a major contributor to October's deleveraging since they mechanically create sell demand at the margin.

Macro conditions are still important in the meantime. Crucial financial data, such as the jobs report, has been late due to the US government shutdown; however, independent estimates place the monthly unemployment rate around 4.4%. Traders continue to be concerned about how these factors can affect interest rates and liquidity due to the lack of official data and the tight labor market.

Market expert Axel Adler Jr. noticed President Trump's statement on Truth Social of a US$2,000 direct-payment scheme for the majority of Americans, which would be financed by tariff revenues and expected to cost between US$300 billion and US$500 billion.

According to Adler, if specific recipients use the funds to purchase cryptocurrency, retail demand for Bitcoin may rise. This might resemble previous stimulus rounds' buying trends and could position retail investors as the next driving force behind Bitcoin's recovery. The price of ether (ETH) reached US$3,592.47, up 4.1% in just one day. It was valued at US$3,647.92 at its greatest point of the day and US$3,441.75 at its lowest.