| After a volatile few weeks, Bitcoin is back on the move—and the bulls are starting to stir. Bitcoin surged past $93,000 this week, breaking out of the trading range it had been stuck in since early March. At the time of writing on April 23, Bitcoin was trading just over $93,500. That's a 16% rebound from its April 9 low just under $75K. What's fueling the breakout? A perfect storm of bullish momentum: ✅ A weakening U.S. dollar — The dollar index (DXY) has dropped 10% this year, with global markets bracing for potential economic shifts. ✅ Dovish trade talk from Trump — Comments about easing tariffs on China have improved market sentiment, suggesting a thaw in U.S.–China tensions. ✅ Renewed confidence in Fed Chair Jerome Powell — Trump confirmed he won't remove Powell, calming fears of Fed instability. ✅ Institutional inflows rising — U.S.-listed Bitcoin ETFs saw $12 million in daily inflows on April 22 alone, signaling sustained institutional interest. ✅ A $63M short squeeze — A wave of short liquidations pushed prices higher, marking the biggest squeeze so far this year. ✅ Improving sentiment in equities — U.S. stock markets are climbing, with the S&P 500 and Nasdaq both posting gains, helping risk assets like crypto rise alongside them.
| 
Comments
Post a Comment
Thanks for your request we will upload the movie soon