Bitcoin Price has finally risen from $ 90,000, noting within about two weeks after its sharp decline in the collection of nearly $ 20,000 to $ 75,000 in the second week of April.
Better yet, Bitcoin's price exceeded $ 94,000, according to Coinecko, currently trading $ 93,773.
What guides Bitcoin's recent increase in price?
In most cases, relieving trade tensions and a recent pause in tariff hiking, which affected most countries, but mostly China. However, it seems that the Trump Administration wants to humiliate Chinese goods imports in accordance with a report President Trump quoted from Guardian:
We live together very happily and ideally.
It triggered optimism and encouraged Bitcoin recovery. Last week, BTC restored about $ 10,000 in its recent lowest, but at the beginning of the new week the rally was drastically.
This week alone had already reached $ 90,000 in cryptomodes reportedTo.
However, we also see how investor demand for Bitcoin receives support from the US dollar. The US Dollar Exle (DXY), which monitors Greenback against other leading currencies, has decreased by about 9% of the year, recently reaching the lowest level of three years at 98.8-level, not seen since April 2022, according to TradingView.
For almost $ 1 billion for Bitcoin ETFs
Bitcoin ETF experienced a significant recovery this week, which shows investors upgrading after months of concern about increasing global trade voltages.
According to Farside investors, the US Bitcoin ETF attracted the ETF on April 22, the highest one-day total number from January 21, to the net, exceeding US $ 912 million.
James Butterfill, Coinshares Research Manager, described Shift as a “dramatic improvement in sentiment”, noting that it was the strongest influx of financial resources into Bitcoin ETFs for more than three months.
Read more: Bitcoin's recent rally triggers $ 550 million: Short sellers hit
