Bitcoin Price Revisits $71K After Trump’s “TACO” Move & Strategy’s BTC Scoop Report
Key Insights
- Bitcoin price resurfaces above $70,000 after Trump postpones strikes on Iran’s power infra.
- Trump’s announcement supposedly came amid a sharp spike in US 10-year T-bill rate.
- Strategy scoops 1,031 BTC and announces $42B cash inflow mechanism via ATM programs for $MSTR and $STRC.
Thanks to President Trump, global markets are in for another wild week. Bitcoin price, which retreated below $70,000 on Sunday, revisited $71,000 minutes after Trump said that the US postponed planned strikes on Iranian power infrastructure. Less than an hour later, Iran squarely denied Trump’s statement, claiming that there were no such talks.
The phrase Trump Always Chickens Out or “TACO” was seen in several posts that talked about the postponed US strikes. Meanwhile, Michael Saylor’s Strategy announced another massive Bitcoin purchase, taking holdings to 762,099.
Bitcoin Price Back Above $69K as Iran War Pumps US 10-Year T-bill Rate
Bitcoin price has been confined to the $68,000 to $72,000 zone over the past few weeks. At press time, BTC price was $70,717, reflecting a 4.14% spike above Sunday’s closing price (New York time). BTC went as high as $71,801 on Monday morning.
The jump came after Trump announced in a Truth Social post that the US had postponed strikes on Iran’s power plants. Notably, the US government’s 10-year bond yield rose to its highest level since July 2025 level, CNBC reported. The rate, at press time, was 4.358%.
The Kobeissi Letter (TKL), a veteran trader, noted that the bond market was more “broken” than the energy market. The reference was to the Oil market; WTI Crude traded at $89 per barrel at press time, down nearly 10% from Friday close ($99.6 per barrel).
Source: The Kobeissi Letter on X
TKL noted in a subsequent post that Trump’s intervention was due to the rise in the US 10-year T-bill rate.
Considered a global benchmark interest rate, the 10-year T-bill yield is one of the most important numbers in the US Economy. A rise in this yield directly results in increases in mortgage interest rates, and hence, an artificial spike in house prices.
Mohammad Bagher Ghalibaf, speaker of the Iranian parliament, per CNBC, declared that entities that purchase US treasury bonds would be treated as targets, like US military bases. Adam Kobeissi warned in an X post – “Don’t forget: we cannot afford a 5% 10Y Note Yield.”
Strategy Buys 1,031 BTC for $76.6 Million, Stash Now 762,099 Strong
Bitcoin treasury pioneer Strategy acquired 1,031 BTC, company chair Michael Saylor announced in a Monday X post. The average cost of this purchase was $74,326, and the total cost was $76.6 million.
Strategy has already scooped BTC worth over $3 billion in March. It has acquired more than 89,000 BTC so far this year, including 44,377 BTC in March so far.
Source: Strategy on X
Additionally, Strategy also announced via an 8-K filing, a $21 billion at-the-money (ATM) program for $STRC and a $21 billion ATM program for $MSTR. ATMs are SEC-regulated mechanisms for raising capital through securities, in addition to existing issuance schedules.
ATM programs will allow Strategy to issue more shares of $MSTR and $STRC with greater flexibility, with a limit of $21 billion per program. Strategy just expanded its BTC-buying arsenal with $42 billion.
The post Bitcoin Price Revisits $71K After Trump’s “TACO” Move & Strategy’s BTC Scoop Report appeared first on The Market Periodical.
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