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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Apr 23, 2025 04:02 UTC
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Why Crypto Market Is Up Today? Bitcoin Price Breaks $93K
Bitcoin's surge above $93,000 fueled a crypto market rally driven by political optimism regarding US-China trade.
Pro-crypto developments like positive statements from US officials, strong Bitcoin ETF inflows, and a favorable SEC stance under the new chairman boosted market sentiment.
Despite broad crypto gains and traditional market recovery, analysts note weaker liquidity and demand.
Bitcoin has blasted past $93,000, setting off a fresh wave of excitement across the crypto market. It’s the kind of move that grabs attention – fast, sharp, and full of momentum.
But what’s really behind this sudden surge? The answer lies in a powerful mix of political developments, institutional buying, and growing risk appetite. There’s a lot happening all at once — and it’s sending crypto into rally mode.
Here’s a breakdown of what’s fueling the action today.
Trade Tensions Ease
Confidence in the markets got a boost after comments from U.S. President Donald Trump and Treasury Secretary Scott Bessent. Both hinted at a possible breakthrough in the ongoing U.S.-China trade war.
Bessent described the steep 145% tariffs as “unsustainable” and signaled that a de-escalation could be coming soon. That was enough to lift sentiment, not just in stocks — but also in risk-on assets like crypto.
Backing the bullish momentum, Bitcoin spot ETFs recorded a massive $381 million in net inflows on Monday — the biggest daily number since January. This return of institutional capital is a strong signal that big players are regaining confidence.
Adding to that, Strategy added 6,500 BTC to its portfolio, doubling down on its long-term bet on Bitcoin.
New SEC Chairman Moves Quickly
The regulatory landscape also seems to be shifting in crypto’s favor. Paul Atkins, the newly appointed SEC Chairman, has already dismissed several crypto enforcement cases in his first moves in office.
His pro-innovation approach is being seen as a welcome change, raising hopes for a more balanced, industry-friendly regulatory environment.
- Also Read :
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ETH, DOGE, and SUI See Strong Gains
It’s not just Bitcoin getting all the attention. Ethereum is back above $1,700, Dogecoin surged 8.6%, and SUI jumped nearly 12% — all part of the broader rally fueled by optimism and momentum.
Traditional markets also bounced, with both the S&P 500 and Nasdaq recovering from recent losses.
Despite the excitement, some analysts are urging caution. Data from CryptoQuant points out that liquidity and fresh demand remain weaker than in previous bull cycles.
Resistance zones may still trigger short-term pullbacks. But for now, the rally has breathed new life into a market that’s been lacking clear direction for weeks.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Markets may still wobble, but today’s rally shows that when the right signals align, crypto doesn’t wait around.
FAQs
Bitcoin surged past $93K due to easing trade tensions, ETF inflows, and renewed institutional interest.
Ethereum, Dogecoin, and SUI saw strong gains, riding Bitcoin’s momentum and growing investor confidence.
Hints of lower U.S.-China tariffs improved market mood, boosting demand for risk assets like Bitcoin.
Yes 
No 
