Bitcoin Eyes $90K as Metaplanet Buys More & Tariff Concerns Ease– BTC Price Analysis

• Bitcoin shot up almost 4% after Metaplanet bought 150 BTC.
• Bitcoin total transfer volume declined from $87 billion to $42 billion in the past month. 
• BTC also reclaimed the 20-day Exponential Moving Average (EMA) at $85,515.

Bitcoin (BTC) has investors watching closely after recent developments suggest a strong move back toward $90,000. 

The leading digital asset has successfully climbed back above its 20-day exponential moving average at $85,515 and is currently trading at $87,339.80, marking a 3.57% increase over the last 24 hours, according to CoinMarketCap data.

What’s Driving the Latest Bitcoin Accumulation?

The price jump followed Tokyo-based investment firm Metaplanet increasing its Bitcoin holdings with an additional purchase of 150 BTC, bringing their total to 3,350 BTC. At today’s market prices, this is roughly $292 million.

Adding to the bullish signals, Metaplanet recently appointed Eric Trump, son of US President Donald Trump, to their strategic advisory board. This high-profile move could further enhance Bitcoin’s standing among institutional investors.

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