Bitcoin Breaks $93K as Trade Optimism Ignites Crypto Rally

Bitcoin surged past the $93,000 mark on April 22, 2025, marking a major comeback for the flagship cryptocurrency. The bullish breakout came on the back of rising optimism surrounding a potential easing of U.S.-China trade tensions, fueling renewed enthusiasm across the digital asset market. However, despite the celebratory mood, some market analysts caution that the road ahead may not be without resistance.

U.S.-China Trade Comments Light a Fire Under Bitcoin

The rally followed dovish remarks from U.S. Treasury Secretary Scott Bessent, who called current tariff levels “unsustainable.” Shortly after, President Donald Trump added fuel to the fire, stating that tariffs on Chinese imports would “come down substantially” from the staggering 145% currently imposed. These statements sparked risk-on sentiment, boosting not just equities but also high-beta assets like Bitcoin.

“The prospect of reduced trade tensions is giving risk assets the green light — and Bitcoin is leading the charge,” said Kyle Rosser, a senior strategist at Anchor Markets.

Institutional Inflows Show Renewed Confidence

Bitcoin’s rally is not just retail-driven. Institutional players have entered the fray, evidenced by strong inflows into U.S.-listed spot Bitcoin ETFs. According to Farside Investors, more than $381 million in net inflows were recorded on Monday, building on $107 million the previous Thursday. Additionally, the reappearance of the “Coinbase premium” — a situation where BTC trades higher on Coinbase compared to global averages — suggests rising demand from U.S.-based institutional investors.

“ETF flows are once again becoming the backbone of this rally,” said analyst Michaël van de Poppe. “It’s a clear signal that institutions are regaining confidence in Bitcoin’s long-term value.”

Altcoins Ride the Momentum

Bitcoin’s rise triggered a domino effect in the broader crypto market. Ethereum (ETH) gained over 13%, climbing above $1,790. Meanwhile, Dogecoin (DOGE) surged 12.6%, and Sui (SUI) skyrocketed by more than 30%. Avalanche (AVAX) and Cardano (ADA) also saw double-digit gains.

The CoinDesk 20 Index, which tracks the top 20 cryptocurrencies by volume and market cap, advanced 5.2% in a single session — underlining widespread bullish sentiment.

Resistance Ahead? Analysts Warn of Demand Headwinds

While sentiment is riding high, not everyone is convinced that the rally is sustainable. On-chain data from CryptoQuant indicates that BTC may face resistance near current levels, particularly around the $95,000-$97,000 range — a historically significant zone. Analysts warn that a failure to consolidate above this zone could trigger a sharp pullback.

“Even though the trade optimism has ignited this rally, underlying demand dynamics are still shaky,” said Moreno Campora, a market analyst at CryptoQuant. “We need to see sustained volume and accumulation to maintain this upward trajectory.”

Bitcoin Price Snapshot

Source: CoinDesk Markets

Frequently Asked Questions (FAQs)

What caused Bitcoin to rally above $93K?

The rally was triggered by U.S. political statements suggesting an upcoming easing of trade tariffs with China, which increased investor confidence in risk assets like Bitcoin.

Are institutional investors supporting this rally?

Yes. Spot Bitcoin ETFs in the U.S. saw over $380 million in inflows on Monday alone, indicating robust institutional participation.

Could Bitcoin hit $100K soon?

While technically possible, analysts warn of potential resistance near $95K–$97K. Sustained momentum and volume would be required to break past those levels.

Which altcoins saw the biggest gains?

SUI led the pack with over 30% gains in 24 hours, followed by Ethereum, Dogecoin, Cardano, and Avalanche.

Glossary of Key Terms

Coinbase Premium: A situation where BTC trades at a higher price on Coinbase, typically indicating strong U.S. demand.

ETF (Exchange-Traded Fund): A type of investment fund that is traded on stock exchanges, much like stocks. Spot Bitcoin ETFs allow investors to gain BTC exposure without directly owning it.

CryptoQuant: A blockchain analytics platform that provides on-chain data and metrics.

Resistance Level: A price level where a rising asset faces selling pressure, making it difficult to move higher.

CoinDesk 20 Index: A benchmark index tracking the performance of 20 major cryptocurrencies.

Sources

​coindesk.com

Cryptoquant

​Farside

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