COINOTAG News reported on April 25th that recent shifts in U.S. economic policy have notably impacted market dynamics. This week, QCP Capital highlighted that President Trump has momentarily halted his critiques of Federal Reserve Chairman Jerome Powell, coupled with a commitment to lower the previously set 145% tariff on Chinese imports. These developments have significantly uplifted market sentiment.
In response to this positive news cycle, Bitcoin experienced a remarkable surge, peaking at $94,500. This gain marked its fifth consecutive day of upward movement, even momentarily elevating it to the position of the fifth-largest asset, outperforming Alphabet, Google’s parent company. Additionally, institutional investors are ramping up their holdings, further enhancing Bitcoin’s market capitalization.
Meanwhile, substantial trading activity has been observed in the $95,000 bullish options, indicating a growing expectation of future gains among market participants. Currently, market sentiment appears to be in an overheated state, with analysts projecting Bitcoin to fluctuate between $90,000 and $94,500 as investors await a potential catalyst that could propel it past the $100,000 threshold.