Bitcoin passed $ 94,000 on Wednesday, which has marked the highest level since early March, while avoiding US-China trade tensions and updating institutional interests that release a broader rally in the crypto market. However, analysts warn that the major levels of resistance and activity of Tepid’s derivatives suggest that the rally may face headwinds.
The performance and dynamics in the Bitcoin market
Bitcoin gained 3.25% in the past 24 hours, reaching an intraday of $ 94,392 before repairing nearly $ 93,683, according to CoinMarketCap data. This uptick coincides with a broader rally in the market, as the total capitalization of the cryptocurrency market increased to $ 2.92 trillion.
The rally was partially linked to the signs of de-escalation in the US-China trade war. President Donald Trump has introduced a willingness to reduce tariffs, and ensures markets by saying he has no “intention” to fired federal reserve chair Jerome Powell. These developments have strengthened investors’ confidence throughout the risk of risk, including cryptocurrencies.
Top earnings and loser with major cryptocurrencies
Among the top 20 cryptocurrencies by market cap, many have posted well -known acquisitions. Ethereum earned a 5.83% trading at $ 1,795.99, Cardano (ADA) 7.6% to $ 0.7054, the chainlink (link) gained 7.5% to reach $ 14.86, Solana (Sol) by 4.71% trade at $ 151.91, and Dogecoin (DogeCoin) increased by 4.87% now in $ $ $ 0.1796.
By contrast, some top 20 cryptocurrencies have experienced a bit of decline. Tron (TRX) reduced by 0.51% today to $ 0.245 while BNB (BNB) dropped 0.04% trade to $ 607.91.
It is special to be careful
Despite the bullish momentum, some analysts encourage care. Ryan Lee, chief analyst in Bitget Research, noted: “Bitcoin’s advance for $ 94,000, fueled by avoiding trade tensions, found resistance to around $ 91,275-a level aligned at the average cost of the short-term holders. It aims to break down despite the prices, the derivatives market reflects the disaster;
Lee added: “Without the long flow of ETF or a decisive move above $ 95,000, Bitcoin can combine or retrace to $ 85,000- $ 90,000 range. Investors are advised to monitor macroeconomic and liquidity indicators in the market, as these factors are likely to influence the near-term trajectory”
Institutional flow and activity of ETF
The interest of the institution in Bitcoin remains stable. Bitcoin ETFs have experienced significant flows, with a net increasing 9,882 BTC (approximately $ 920 million) in recent days. Notably, only Ark21shares added 2,917 BTCs, indicating strong institutional demand.
Moreover, major financial companies such as Blackrock and Fidelity add their exposure to Bitcoin, along with Blackrock’s Ishares Bitcoin Trust that manages more than $ 18 billion in property.
In another institutional endorsement of Bitcoin, Cantor Fitzgerald, in collaboration with Softbank, Tether, and Bitfinex, led a $ 3 billion initiative in taking Bitcoin. This adventure, named twenty -one capital, aims to emulate the Microstrategy approach to hold a huge bitcoin reserve.
US stock market rally hard in the middle of optimizing to avoid trading tensions
On April 23, 2025, US stock markets rallied in the midst of optimizing to avoid trade tensions and reassurances regarding the leadership of the Federal Reserve. The average industry of Dow Jones rises to more than 1,000 points, or 2.6%, up to 40,227.42. The S&P 500 rose to 3.2% to 5,457.19, and the NASDAQ composite jumped 4.1% to 16,967.93.
Technology and consumer stocks led to the rally, with Tesla sharing 3% better than the anticipated auto business revenue. Other giant techs such as Nvidia, Apple, and Meta platforms have also seen acquisitions despite regulations fines.
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Image credits: CoinMarketCap, Canva