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Bitcoin Surges Beyond $93,000 as Trade Optimism and Institutional Inflows Drive Rally

U.S.-China trade de-escalation signals, dollar weakness, and record ETF inflows propel Bitcoin's resurgence, with altcoins like Ethereum and Dogecoin posting double-digit gains.

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Overview

  • Bitcoin's price climbed to over $93,000, marking its highest level since early March, driven by renewed investor optimism and macroeconomic shifts.
  • U.S. Treasury Secretary Scott Bessent's comments on potential U.S.-China trade de-escalation have lifted market sentiment across both traditional and crypto markets.
  • Institutional inflows into Bitcoin spot ETFs reached multi-month highs, with over $1 billion in net inflows this week alone, signaling robust demand from institutional investors.
  • Major altcoins, including Ethereum, Dogecoin, and Solana, recorded significant gains of up to 15%, reflecting broader market strength.
  • On-chain data indicates weakening demand momentum for Bitcoin, raising questions about the sustainability of the current rally despite bullish macroeconomic signals.