TechFlow News, May 2 — According to a Cointelegraph report, Michael van de Poppe, founder of MN Trading Capital, stated on X that Bitcoin does not require a new narrative or catalyst to reclaim the psychological $100,000 level. He noted, “Price rises generate narratives organically,” and believes the current price range remains an attractive accumulation zone.
Van de Poppe also observed that market attention has recently shifted toward technology sectors such as AI. As of Friday’s close, NVIDIA (NVDA) shares were up 5.08% year-to-date, while Bitcoin declined approximately 10% over the same period. Bitcoin last traded above $100,000 on November 13 last year; it hit a yearly low of $60,000 in February and was trading at $78,250 at press time—a 14.49% increase over the past 30 days.
Peter Blandt, a veteran trader, previously told Cointelegraph that the Clarity Act represents positive progress for the industry but is unlikely to serve as a primary catalyst for a significant Bitcoin price surge. Coinbase Chief Legal Officer Faryar Shirzad stated on Friday that the Clarity Act is “ready” to be finalized following the announcement of new stablecoin yield provisions. Additionally, White House crypto advisor Patrick Witt said this week at the Bitcoin Conference in Las Vegas that a “major announcement” regarding the Trump administration’s Bitcoin reserve will be released within weeks.
