Bitcoin increased more than $ 94,000 on Wednesday, marking its highest level since the beginning of March, since facilitating the commercial tensions of US-China and the renewed institutional interest promoted a broader demonstration in the cryptography market. However, analysts warn that the key levels of resistance and the activity of warm derivatives suggest that the rally can face winds against.
Bitcoin market performance and dynamics
Bitcoin won 3.25% in the last 24 hours, reaching an intradic maximum of $ 94,392 before resolving around $ 93,683, according to Coinmarketcap data. This increase coincided with a broader market rally, since the total capitalization of the cryptocurrency market increased to $ 2.92 billion.
The rally was partly attributed to the signs of decallation in the American-China trade war. President Donald Trump indicated the will to reduce tariffs and ensure markets by stating that “he has no intention of saying goodbye to the president of the Federal Reserve, Jerome Powell. These developments increased investor confidence in risk assets, including cryptocurrencies.
The main winners and losers among the main cryptocurrencies
Among the 20 main cryptocurrencies for market capitalization, several notable profits published. Ethereum won a 5.83% negotiation at $ 1,795.99, Cardano (ADA) 7.6% at $ 0.7054, Chainlink (Link) won 7.5% to reach $ 14.86, Solana (Sun) for 4.71% negotiation to $ 151.91 and Dogecoin (Doge) increased by 4.87% now operating to $ 0.1796.
On the contrary, some main cryptocurrencies experienced slight decreases. Tron (TRX) decreased by 0.51% now to $ 0.245, while BNB (BNB) decreased by 0.04% price to $ 607.91.
Expert insertization caution
Despite the bullish impulse, some analysts urge caution. Ryan Lee, Chief of Bitget Research analyst, said: “The Bitcoin increase to $ 94,000, fed by the ease of commercial tensions, is finding resistance around $ 91,275, a level of alignment of average cost levels of short -term holders. This convergence suggests a possible pressure sold as the merchants point to break. Option sessions remain neutral, indicating a lack of strong bullish conviction. “
Lee also added: “Without sustained ETF tickets or a decisive movement above $ 95,000, Bitcoin can consolidate or return to the range of $ 85,000- $ 90,000. It is advised to investors to supervise the macroeconomic indicators and the liquidity of the market, since these factors will probably influence the close trajectory at the close trajectory at the end of Bitcoin.”
Institutional entries and activity of ETF
The institutional interest in Bitcoin remains robust. Bitcoin ETFs have experienced significant tickets, with a net addition of 9,882 BTC (approximately $ 920 million) in recent days. In particular, Ark21shares only added 2,917 BTC, indicating a strong institutional demand.
In addition, the main financial companies such as Blackrock and Fidelity are increasing their exposure to Bitcoin, with the Blackrock Bitcoin Trust Ishares Bitcoin Trust that manages more than $ 18 billion in assets.
In another institutional support of Bitcoin, Cantor Fitzgerald, in collaboration with SoftBank, Tether and Bitfinex, it is leading a Bitcoin acquisition initiative of $ 3 billion. This company, called Twenty One Capital, aims to emulate Microstrategy’s strategy to have substantial bitcoins reserves.
The US Stock Market. It joined abruptly in the midst of optimism about the ease of commercial tensions
On April 23, 2025, the US stock markets met abruptly amid optimism about the ease of commercial tensions and guarantees regarding the leadership of the Federal Reserve. The Dow Jones industrial average rose more than 1,000 points, or 2.6%, at 40,227.42. The S&P 500 rose 3.2% to 5,457.19, and the Nasdaq compound increased 4.1% to 16,967.93.
The technology and discretionary actions of the consumer led the demonstration, with Tesla increases by 3% in commercial gains of cars better than expected. Other technological giants such as NVIDIA, Apple and Meta Platforms also saw profits despite regulatory fines.
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Image credits: Coinmarketcap, Canvas
