Bitcoin Explodes Above $94,000 — What’s Igniting The Fire?
Bitcoin surpassed $94,000, gaining 26% since April 9, driven by three main factors: geopolitical developments, strategic balance-sheet demand, and increased ETF inflows. US President Trump indicated a potential easing of tariffs on Chinese imports, which positively influenced market sentiment. Macro economist Alex Krüger noted Trump's remarks suggested a de-escalation in trade tensions. Concurrently, a multibillion-dollar Bitcoin investment initiative led by Brandon Lutnick, in partnership with SoftBank, Tether, and Bitfinex, aims to establish a new entity with approximately $3 billion in Bitcoin. Additionally, the US spot Bitcoin ETF market saw significant inflows, totaling $911.2 million on Tuesday, marking the highest daily total since January. Major funds like Fidelity, Ark Invest, and BlackRock contributed to this surge, indicating a revival of institutional interest in Bitcoin.
