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    You are at:Home»Tech»Crypto & Blockchain»Bitcoin price hits 7-week high as Trump softens tone on trade war
    Crypto & Blockchain

    Bitcoin price hits 7-week high as Trump softens tone on trade war

    newsworldaiBy newsworldaiApril 23, 2025No Comments5 Mins Read0 Views
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    Bitcoin price hits 7-week high as Trump softens tone on trade war
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    In seven weeks, BitCoin has been broken for the first time, 000 93,000, which has extended the post -Easter rally as recent macro events analysts are expected to overturn further.

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    According to the Queen Market Cape, BitCoin (BTC) has risen to 5.62 % in the last 24 hours and has crossed 000 93,000 on April 22, for the first time since March 3, which has continued the 12 % price rally, he saw in the last seven days.

    Bitcoin traders’ eye “a minute candle”

    BitCoin quickly, jumping below 91,500, in minutes, less than 93,000, guessing the traders where the rally can go next.

    “This is a one -minute candle I have ever seen on the Bitcoin chart,” Bitcoin observer Michael Sullivan said in a post April 22. “

    cryptocurrencies, markets
    Bitcoin is trading at 92,920 at the time of publication. Source: Coin Market Cape

    The pseudonym Crypto businessman Crypto General said that BitCoin “is” going according to the plan, as said in the last post, a breakout eyes and today we witnessed our breakout. “

    Just a few hours before Bitcoin’s upside -down swing, Crypto’s commentator “Ted” told its 158,200 X -followers that Bit Coin was “catching” with gold and, 000 100,000 price level, which has not been seen since February 3, “loading”.

    This came in the midst of the improvement of the crypto market sentiment, more money in the Spot Butt Coin exchange trading funds and in a soft tone about US President Donald Trump’s trade war.

    On the same day, Trump said that the US Federal Reserve Chair Jerome Powell had no plans to “shoot” after criticizing interest rates. On April 17, Trump came only days after demanding his end to the social post of truth, which makes him speculated that he would pursue the dangers and find a way to remove Powell.

    Trader says Trump just marked “sharp boxes”

    At the same time, Trump said that the revenue on Chinese goods would “go down substantially”, though they would not be “zero”, which increased positive emotions among crypto analysts.

    Related: Wall Street’s $ 13T wipe out after Bitcoin is at risk of 35 % reduction

    In a April 22 post, Economist and Crypto businessman Alex Kruger said, “Trump has just marked the most degraded/fast boxes.” Investment with Brandon said the news was “fast” too.

    Meanwhile, a day ago, 11 US Spot Bit Coin ETFS saw a shared net arrival of $ 381.3 million.

    According to Google Finance Data, traditional financial markets also eliminated the trade day of April 22 in green, which increased by 2.51 % in S&P 500, Nice Deck increased by 2.87 %, and Dow Jones increased by 2.66 %.

    Magazine: Tips about being viral in former Liu Island Star’s Crypto: Van 00 SA, X Hall of Flem

    This article does not have investment suggestions or recommendations. Each investment and trade initiatives include a threat, and readers should do their research when making a decision.