TLDR:
- Bitcoin exceeded $ 93,000 Tuesday in the middle of the optimism of improving trade relations in American China
- The Treasury Secretary, Scott Bessent, described the current prices of 145% “unsustainable” while Trump said that they “would drop considerably”
- Institutional investors have shown a renewal of interests with the Bitcoin ETF recording $ 381 million in net entries on Monday
- Altcoins followed higher Bitcoin with Ethereum, Dogecoin et followed 8%, 8.6% and 11.7% respectively
- The chain data suggest potential market fragility with resistance to bitcoin despite the rally
Bitcoin exceeded $ 93,000 on Tuesday, reaching its highest point since the beginning of March in the middle of renewed optimism on American-Chinese trade relations. The rally was fueled by the comments of the secretary of the Treasury Scott Bessent and President Donald Trump suggesting a de -escalation of trade tensions between the two biggest economies in the world.
Bitcoin climbed almost 7% in 24 hours, while the wider cryptography market also experienced major gains.
The rally was triggered by Bessent’s remarks during a JPMorgan in camera event where he would have told investors that the current price with China was “unbearable”.
Bessent said that de -escalation would come “in the very close future”, although it has warned that a more complete agreement could take years.
President Trump then strengthened this feeling when he was addressed to journalists in the White House. He said that American prices on China “drops considerably” from the current level of 145%, helping to mitigate concerns about climbing trade war.
Institutional money goes to crypto
The positive feeling of the market has been reflected in the renewal of institutional interest for cryptocurrency. The Bitcoin ETF recorded more than $ 381 million in net entries on Monday, adding $ 107 million on Thursday, according to Farside investor data.
This influx of institutional money represents the highest level of ETF entrances since January. In addition, the return of the Coinbase price premium suggests increased demand from American institutional investors.
Microstrategy, one of the largest holders of Bitcoin companies, has further strengthened long-term confidence in cryptocurrency by adding 6,500 additional BTC to its assets. This decision highlights continuous institutional belief in Bitcoin as a reserve of value.
Altcoins join the rally
The positive momentum has extended beyond Bitcoin, with altcoins also displaying strong gains. Ethereum (ETH) increased by 8% in the last 24 hours to exchange more than $ 1,700, while Dogecoin (Doge) and the indigenous token of Su (Su) gained 8.6% and 11.7%, respectively.
The part of the room even was particularly strong, jumping out of 15% according to market data. Other sectors, including AI and real asset tokens (RWA), have also displayed solid gains during the market increase.
The rally took many merchants off guard, which led to more than $ 581 million in long -term liquidations in 24 hours. Short merchants have been touched, with more than $ 504 million in cash, prices have increased more than expected.
Signs of prudence remain
Despite the action of positive prices, not all indicators underline a sustained escape. Analysis of data on the cryptic chain suggests an underlying fragility of the market which could further limit the increase.
The apparent demand for Bitcoin has decreased by 146,000 BTC in the last 30 days. Although this represents an improvement compared to the clear drop in March, demand remains in negative territory.
The liquidity of the market also remains soft. By using the growth of the USDT market capitalization as an indirect indicator of cryptographic liquidity, analysts note that the USDT has increased by $ 2.9 billion in the past two months, below its average of 30 days. Historically, Bitcoin rallies have coincided with USDT growth greater than $ 5 billion, a threshold not yet reached on the current market.
Adding to caution, Bitcoin is now faced with a key resistance area between $ 91,000 and $ 92,000 with the metric “Trader’s on Chain Realized Price”. This level has often served as resistance under lowering conditions, which suggests that a break or withdrawal could follow if the feeling is weakening.
Data also shows divergent behavior between different groups of investors. The metric of the net position indicates that long -term holders (those who hold BTC for more than 155 days) began to accumulate bitcoin while short -term holders continue to sell. This model suggests a renewed interest among experienced investors, even if more recent market players make profits.
The wider financial markets also rebounded alongside cryptocurrencies. The S&P 500 and the NASDAQ, heavy in technology, finished the session on Tuesday 2.5% and 2.7% more, respectively. Gold, on the other hand, was overthrown from his record price of $ 3,500 during the day and dropped by 1%.
The parallel movements on the cryptographic and traditional markets suggest that the brief period of “decoupling” of Bitcoin of American actions was short -lived. The two asset classes seem to react similarly to improved prospects for American-Chinese trade relations.
While the capital runs in alternative assets, “BTC and gold prove to be the main beneficiaries of the exodus from the USD risk”, according to analysts at Hedge Fund QCP Capital.
The regulatory environment can also help improve the feeling of the market. The newly appointed SEC President Paul Atkins has already rejected several cases of application of cryptography, giving industry hope for a regulatory climate more favorable to innovation in the future.
