Bitcoin Hits $93,000 After 7 Weeks — Trump’s Trade Comments Help Boost Market
Bitcoin jumped over $93,000 on April 22, its highest level in seven weeks. It went up more than 5% in one day and 12% in the past week, continuing a strong rally after Easter.
A sudden price jump from $91,500 to $93,000 surprised traders. Some called it the “craziest one-minute candle” they had seen. Many crypto experts said this move was expected and shows more gains could come soon. One trader said Bitcoin is likely “catching up with gold” and may head toward $100,000 again.
This price boost comes as the mood in the crypto market improves. More money is going into Bitcoin exchange-traded funds (ETFs), and the U.S. economy is looking more stable.
Former President Donald Trump also helped the market mood. On April 22, he said he does not want to fire Federal Reserve Chair Jerome Powell, even though he had criticized him before. Trump also said tariffs on Chinese goods may “come down,” helping ease fears about a trade war.
Economist Alex Kruger said Trump’s words were “bullish” and good for the market. Another analyst agreed, calling the news very positive.
At the same time, the 11 U.S. spot Bitcoin ETFs received a big inflow of $381.3 million. Traditional U.S. stock markets also went up that day:
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S&P 500 rose 2.51%
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Nasdaq gained 2.87%
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Dow Jones climbed 2.66%
Note: This summary is for information only. Investing always has risks. Please do your own research before making any decisions.
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