This is becoming one of the best weeks in crypto since early February. The Bitcoin price broke past $93k and is now testing $93,548 yearly open. Meanwhile, a lot of altcoins are recovering 10-30%.
So, what’s driving this pump?
What you'll learn 👉
Trump Cuts Tariffs, Markets Respond
President Trump just announced he will cut tariffs on Chinese imports. This is a big change from before when tariffs reached up to 145%. The move shows tensions between the US and China might be cooling down.
Lower tariffs could mean less inflation and more stable global supply chains. When the economy feels more stable, investors get more confident. And confident investors are more likely to put money into assets like crypto.
JUST IN: 🇺🇸🇨🇳 President Trump says tariffs on China will come down substantially and he won't play hardball.
— Watcher.Guru (@WatcherGuru) April 22, 2025
Big Money Flowing into Crypto ETFs
Institutional investors are putting record amounts of money into crypto ETFs right now. Bitcoin ETFs saw $912.7 million in new money, which equals about 10,430 Bitcoin. ARK 21Shares is leading these investments.
Ethereum ETFs are also seeing action, with $38.8 million in new investments (about 24,580 ETH). Fidelity alone bought 20,710 ETH worth around $32.7 million.
When major financial companies invest this much in crypto, it sends a strong signal to the market. Their confidence makes other investors more likely to join in.
🚨 RECORD INFLOWS ALERT! 🚨
— Crypto Patel (@CryptoPatel) April 23, 2025
🎉 U.S. Bitcoin ETFs just hit their BIGGEST net inflow since Trump took office:
🟢 +$912.7M (+10,430 BTC)
🟢 ETH ETFs also saw +$38.8M inflow (+24,580 ETH)
👉 ARK 21Shares (ARKB) led the Bitcoin inflows
👉 Fidelity bought 20,710 ETH worth $32.7M
👉… pic.twitter.com/Il2yHTsrbr
Weaker Dollar Helps Bitcoin Rise
The US dollar has gotten weaker lately. This happened after President Trump criticized Federal Reserve Chair Powell and called for lower interest rates. A weaker dollar often leads to stronger Bitcoin prices.
When the dollar loses value, people look for other places to store their wealth. Many turn to Bitcoin because it has a fixed supply and isn’t controlled by any government. This helps explain why Bitcoin’s price is going up right now.
All these factors together – tariff cuts, record ETF investments, and a weaker dollar – create perfect conditions for the crypto market to rise. These fundamental reasons suggest the current uptrend has solid support behind it.
Read also: Is Cardano Dead? Analyst Says No – ADA Price Is Quietly Building Toward a New ATH Explosion
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