Americas Crypto Market Update: Bitcoin Rallies Amid Trump's Tariff Plans and Looming Options Expiry

James Van Straten reports (all times Eastern Time unless specified otherwise) The market is seeing a surge in risk assets. With Bitcoin surpassing $87,000 and the S&P 500 reclaiming its 200-day moving average for the first time since March 10, investor confidence is on the rise. However, market volatility is expected to increase as the quarterly options expiry approaches on Friday, with over $12 billion in notional value set to expire on Deribit, and a max pain point of $85,000. The majority of open interest is centered around $100,000 call options, indicating a bullish outlook. President Trump has announced new trade measures, including the introduction of 'secondary tariffs' that could impose a 25% tax on countries purchasing oil and gas from Venezuela, according to Bloomberg. Additionally, Trump has signaled that some countries may be exempt from tariffs, but new tariffs on autos, lumber, and semiconductor chips are expected to be announced soon as part of his 'America First' economic strategy. Treasury Secretary Scott Bessent continues to support tariffs, citing their strategic benefits in negotiations, revenue generation, and trade rebalancing in favor of the US. In the UK, Chancellor Rachel Reeves is preparing for the Spring Statement on Wednesday, as rising bond yields threaten to complicate fiscal planning. Reports suggest she will propose civil service job cuts while ruling out further tax increases. Key events to watch include token events, conferences, and token talk. Derivatives positioning and market movements will also be closely monitored, with a focus on Bitcoin stats, technical analysis, and crypto equities. ETF flows and spot BTC and ETH ETFs will be tracked, courtesy of Farside Investors. Overnight flows, chart of the day, and while you were sleeping segments will provide additional insights.