From Financial Modeling Prep: 2025-04-24 02:52:00

Bitcoin surged to $93,662.90, a 2.8% jump, reaching its highest level since March. President Trump’s softened stance on Fed Chair Powell and potential tariff cuts on China boosted market confidence.

Bitcoin hit a high of $94,000 before settling near $93,662.90, marking a weekly gain of over 7% and consolidating within a range of $76,000–$95,000. A breakout above $95,000 could signal further gains.

Key catalysts for Bitcoin’s rise include Trump’s decision not to fire Powell, optimism around lower China tariffs, and the appointment of a crypto-friendly SEC Chair. These factors, along with liquidity signals, have contributed to Bitcoin’s rally.

The weakening dollar has made Bitcoin more appealing to foreign investors, while its decoupling from other cryptos highlights its role as a hedge in uncertain policy environments. Improved sentiment could attract more institutional capital into Bitcoin ETFs and derivatives.

Traders should watch for a sustained close above $95,000 to confirm an uptrend, monitor SEC guidance under Chair Atkins for regulatory updates, and keep an eye on upcoming macro data for market direction. APIs like the Cryptocurrency Historical Data and Crypto News APIs can provide valuable insights for navigating Bitcoin’s next moves.



Read more at Financial Modeling Prep:: Bitcoin Surges to Seven-Week High on Trump’s Fed and Trade Backtracks