FameEX Hot Topics | Bitcoin Hits 7-Week Peak Following Trump’s Trade War Shift

Bitcoin’s rally continues to gather steam, with the leading cryptocurrency climbing above $93,000 on April 22 — its highest level in over seven weeks. The surge follows a strong Easter weekend performance and reflects growing investor optimism. Over the past 24 hours alone, Bitcoin rose 5.62%, extending its weekly gains to 12%, according to data from CoinMarketCap. The price quickly leapt from just under $91,500 to $93,000, stirring speculation that more upside may lie ahead.

This bullish momentum is fueled by a mix of favorable macroeconomic signals and political shifts. A key factor has been the sustained inflows into U.S. spot Bitcoin exchange-traded funds (ETFs), which indicate robust institutional interest. Adding to the positive tone, U.S. President Donald Trump softened his rhetoric on the trade war and signaled more policy stability. On April 22, he stated he had “no intention of firing” Federal Reserve Chair Jerome Powell, just days after criticizing him. This statement helped ease investor concerns about leadership uncertainty at the central bank.

Trump’s additional comments on lowering tariffs on Chinese imports—though stopping short of a full rollback—also boosted sentiment across risk assets. Market watchers viewed these developments as signs of potential de-escalation. Notably, economist and trader Alex Kruger remarked that Trump’s remarks “ticked most de-escalation/bullish boxes,” while another analyst, Investing with Brandon, described the tone as “bullish” for the market.

Institutional demand for Bitcoin is also showing strength. On April 21, the 11 spot Bitcoin ETFs in the U.S. collectively saw a net inflow of $381.3 million. This marks a significant expression of investor confidence and has reinforced Bitcoin’s rally, further legitimizing it as a mainstream investment option.

Traditional financial markets mirrored the optimism seen in crypto. On April 22, the S&P 500 rose 2.51%, the Nasdaq added 2.87%, and the Dow Jones climbed 2.66%, per Google Finance. The simultaneous rally across asset classes underscores improving sentiment and growing confidence in the broader economic outlook. For Bitcoin, these tailwinds may continue to provide support as it eyes higher levels in the weeks ahead.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.