Bitcoin Breaks $90,000 Amid U.S.-China Trade Optimism

Bitcoin (BTC) has surged past the $90,000 mark, climbing 4.9% in the last 24 hours—a milestone not seen since early March 2025. The rally follows optimistic remarks from U.S. Treasury Secretary Scott Bessent, who hinted at easing trade tensions with China, boosting market sentiment. Investors are increasingly turning to cryptocurrencies as the dollar weakens, anticipating further gains. Below is a detailed analysis of the factors driving Bitcoin’s latest price surge and what it means for the broader crypto market.

Bitcoin Price Surges Past $90,000 Mark

Bitcoin (BTC) has risen by 4.9% in the past 24 hours, surpassing the $90,000 mark for the first time since early March. The surge comes after supportive comments from White House officials regarding the tariff war with China. Scott Bessent, the U.S. Treasury Secretary, expects an improvement in commercial relationships between China and America soon, relieving the markets. Investors are flocking to cryptocurrencies amid a weaker dollar possibility due to higher tariffs potentially leading to higher inflation in the U.S.

US Stock Market Drops $2.5 Trillion Amid Tariff Trade War Concerns; BTC Price Rebounds to $88,000

The broader financial market is experiencing significant turbulence due to concerns sparked by the tariff trade war. Despite a 90-day tariff ’pause’ authorized by President Donald Trump, the S&P 500 has suffered massive losses, with tech stocks particularly hard hit. The total loss amounts to approximately $2.5 trillion since the pause was announced. Meanwhile, Bitcoin (BTC) has reclaimed its price level, jumping back to $88,000 from previous lows. Investors remain anxious about delayed trade deals with American allies, such as Japan.

Bitcoin ETF Inflows Surge to 3-Month High

As of April 21, US Bitcoin ETFs saw a surge in net inflows, recording $381.40 million daily. This occurred despite mixed sentiments around crypto investments. Trading volumes were high, with the total value traded in US Bitcoin spot ETFs reaching $3.75 billion. BlackRock’s IBIT led the market with $50.02 billion in net assets and one-day inflows of $41.62 million, while Fidelity’s FBTC ranked second with $17.07 billion in net assets and $87.61 million in daily inflows. Bitcoin (BTC) briefly reclaimed the $91,000 mark.

Tesla Reports $951M in Bitcoin Holdings as it Misses Earnings

Tesla still holds almost $1 billion in bitcoin, according to its latest earnings report. The electric vehicle firm reported digital asset holdings worth $951 million as of March 31, down from $1.076 billion on Dec. 30. Tesla currently holds 11,509 Bitcoin. The change is due to bitcoin’s price depreciation between the two quarters. A new rule requires corporate holders of digital assets to mark those assets to market each quarter.

Bitcoin’s Decoupling from Equities: Too Early to Tell?

Analysts say it’s premature to determine if Bitcoin’s recent outperformance of stocks signifies a long-term decoupling from equities. Bitcoin was recently trading NEAR $93,000, up almost 7% in a day, according to CoinGecko. Some speculate Bitcoin might be morphing into a ’safe haven’ like gold, but the trend is not yet conclusive.