FameEX Hot Topics | Bitcoin Reaches 7-Week High Amid Trump’s Softer Trade War Stance

Bitcoin’s bullish momentum has continued following its Easter weekend rally, with the flagship cryptocurrency breaking above $93,000 for the first time in over seven weeks. According to CoinMarketCap, Bitcoin climbed 5.62% in the past 24 hours, extending its weekly gains to 12%. The surge, which saw Bitcoin jump from just under $91,500 to $93,000 in minutes, has reignited market optimism and sparked widespread speculation about the potential for further upside.

The recent rally is being attributed to a combination of improving macroeconomic sentiment and political developments. Positive flows into spot Bitcoin exchange-traded funds (ETFs) and a softening stance from U.S. President Donald Trump on trade tensions have contributed to the upbeat mood. On April 22, Trump clarified that he had “no intention of firing” Federal Reserve Chair Jerome Powell, despite having previously called for his dismissal on social media. This shift in tone reduced market fears of institutional instability.

Additionally, Trump suggested that tariffs on Chinese imports would be “substantially” reduced—though not eliminated—which further boosted risk appetite. These comments helped ease geopolitical concerns and were interpreted by crypto analysts as supportive of risk assets like Bitcoin. Economist and trader Alex Kruger commented on X that Trump’s remarks “ticked most de-escalation/bullish boxes,” while another analyst, Investing with Brandon, labeled the developments as outright bullish.

Supporting this sentiment, U.S. spot Bitcoin ETFs recorded significant investor interest. On April 21 alone, the 11 spot Bitcoin ETFs in the U.S. reported a combined net inflow of $381.3 million, signaling strong institutional confidence in the asset. This influx of capital has bolstered Bitcoin’s momentum and is seen as a key driver behind its latest price breakout.

Meanwhile, broader financial markets also posted solid gains. On April 22, the S&P 500 rose 2.51%, the Nasdaq gained 2.87%, and the Dow Jones added 2.66%, according to Google Finance data. The synchronized rally across crypto and traditional equities suggests a renewed investor appetite for risk, buoyed by macro-level signals of easing tensions and economic optimism.

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